GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Blink Charging Co (NAS:BLNK) » Definitions » Interest Coverage

Blink Charging Co (Blink Charging Co) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


View and export this data going back to 2008. Start your Free Trial

What is Blink Charging Co Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Blink Charging Co's Operating Income for the three months ended in Mar. 2024 was $-15.8 Mil. Blink Charging Co's Interest Expense for the three months ended in Mar. 2024 was $-0.4 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Blink Charging Co's Interest Coverage or its related term are showing as below:


BLNK's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 7.07
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Blink Charging Co Interest Coverage Historical Data

The historical data trend for Blink Charging Co's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Blink Charging Co Interest Coverage Chart

Blink Charging Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A N/A - -

Blink Charging Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Blink Charging Co's Interest Coverage

For the Engineering & Construction subindustry, Blink Charging Co's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Blink Charging Co's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Blink Charging Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Blink Charging Co's Interest Coverage falls into.



Blink Charging Co Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Blink Charging Co's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Blink Charging Co's Interest Expense was $-3.5 Mil. Its Operating Income was $-105.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $7.2 Mil.

Blink Charging Co did not have earnings to cover the interest expense.

Blink Charging Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Blink Charging Co's Interest Expense was $-0.4 Mil. Its Operating Income was $-15.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.8 Mil.

Blink Charging Co did not have earnings to cover the interest expense.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.


Blink Charging Co  (NAS:BLNK) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Blink Charging Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Blink Charging Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Blink Charging Co (Blink Charging Co) Business Description

Traded in Other Exchanges
Address
605 Lincoln Road, 5th Floor, Miami Beach, FL, USA, 33139
Blink Charging Co is an owner, operator, and provider of electric vehicle (EV) charging services. The company offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types. The company's business is the sale and distribution of electric vehicle charging equipment and its associated revenues earned from customers and/or Property Partners who use equipment connected to its network.
Executives
Michael D Farkas director, 10 percent owner, officer: Executive Chairman
Michael C. Battaglia officer: Chief Operating Officer C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Mahidhar Reddy director, officer: CEO of a Blink Subsidiary C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Kristina A. Peterson director C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Jack Levine director C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Mark Pastrone officer: Chief Operating Officer C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Aviv Hillo officer: General Counsel C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Cedric L. Richmond director C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Harjinder Bhade officer: Chief Technology Officer C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Donald Engel director, officer: Business Development Officer 570 PARK AVE, NEW YORK NY 10065
Carmen Perez-carlton director 2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Kenneth R. Marks director C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Brendan Sean Jones officer: Chief Operating Officer C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Michael P Rama officer: Chief Financial Officer C/O AVATAR HOLDINGS INC, 201 ALHAMBRA CIRCLE 12TH FLOOR, CORAL GABLES FL 33134
Louis R. Buffalino director C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI FL 33139

Blink Charging Co (Blink Charging Co) Headlines

From GuruFocus