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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. Electriq Power Holdings's Operating Income for the three months ended in Sep. 2023 was $-7.15 Mil. Electriq Power Holdings's Interest Expense for the three months ended in Sep. 2023 was $-1.29 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 Electriq Power Holdings's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Electriq Power Holdings'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.
Electriq Power Holdings Annual Data | |||||
Trend | Dec21 | Dec22 | |||
Interest Coverage | - | - |
Electriq Power Holdings Quarterly Data | ||||||||
Dec21 | Jun22 | Sep22 | Dec22 | Jun23 | Sep23 | |||
Interest Coverage | Get a 7-Day Free Trial | No Debt | - | - | No Debt | - |
For the Utilities - Renewable subindustry, Electriq Power Holdings'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.
For the Utilities - Independent Power Producers industry and Utilities sector, Electriq Power Holdings's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Electriq Power Holdings's Interest Coverage falls into.
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.
Electriq Power Holdings's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as
Here, for the fiscal year that ended in Dec. 2022, Electriq Power Holdings's Interest Expense was $-2.07 Mil. Its Operating Income was $-18.54 Mil. And its Long-Term Debt & Capital Lease Obligation was $5.00 Mil.
Electriq Power Holdings did not have earnings to cover the interest expense. |
Electriq Power Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as
Here, for the three months ended in Sep. 2023, Electriq Power Holdings's Interest Expense was $-1.29 Mil. Its Operating Income was $-7.15 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Electriq Power Holdings 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.
Electriq Power Holdings (OTCPK:ELIQQ) 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 .
Thank you for viewing the detailed overview of Electriq Power Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Petrina Thomson | officer: Chief Financial Officer | 625 N. FLAGLER DRIVE, SUITE 1003, WEST PALM BEACH FL 33401 |
Jan Klube | officer: Chief Technology Officer | 625 N. FLAGLER DRIVE, SUITE 1003, WEST PALM BEACH FL 33401 |
Carol L Coughlin | director | C/O HAMILTON BANCORP, INC., 501 FAIRMOUNT AVENUE, SUITE 200, TOWSON MD 21286 |
Jennifer Elaine Lowry | director | 2 HOLLINS AVE, BALTIMORE MD 21210 |
Neha Palmer | director | 1021 MAIN ST., SUITE #1960, HOUSTON TX 77002 |
Gbif Management Ltd. | director, 10 percent owner | 2345 YONGE STREET, SUITE 804, TORONTO A6 M4P 2E5 |
Hoof James Van Jr | officer: See Remarks | 625 N. FLAGLER DRIVE SUITE 1003, WEST PALM BEACH FL 33401 |
Gideon Soesman | director | 625 N. FLAGLER DRIVE SUITE 1003, WEST PALM BEACH FL 33401 |
Frank A Magnotti | director, officer: Chief Executive Officer | C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936 |
Kristina A. Peterson | director | C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139 |
John M Lawrie | director, 10 percent owner, officer: See Remarks | DXC TECHNOLOGY COMPANY, 1775 TYSONS BOULEVARD, TYSONS VA 22102 |
Zainabu Oke | director | 8300 GOLF LINKS ROAD, OAKLAND CA 94605 |
Edward Ho | director | 1775 TYSONS BOULEVARD, TYSONS VA 22102 |
Tlg Acquisition Founder Llc | 10 percent owner | 515 NORTH FLAGLER DRIVE, SUITE 520, WEST PALM BEACH FL 33401 |
Kristin Muhlner | director | 3877 FAIRFAX RIDGE ROAD, SOUTH TOWER, FAIRFAX VA 22030 |
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