Electric Last Mile Solutions (Electric Last Mile Solutions) Interest Coverage : 0 (At Loss) (As of Sep. 2021)

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What is Electric Last Mile Solutions 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. Electric Last Mile Solutions's Operating Income for the three months ended in Sep. 2021 was $-22.34 Mil. Electric Last Mile Solutions's Interest Expense for the three months ended in Sep. 2021 was $-0.66 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Electric Last Mile Solutions's Interest Coverage or its related term are showing as below:

ELMSQ's Interest Coverage is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 7.73
* 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.

Electric Last Mile Solutions Interest Coverage Historical Data

The historical data trend for Electric Last Mile Solutions'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.

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Electric Last Mile Solutions Interest Coverage Chart

Electric Last Mile Solutions Annual Data

Trend

Interest Coverage

Electric Last Mile Solutions Quarterly Data
	Jun21	Sep21
Interest Coverage	-	-

Competitive Comparison of Electric Last Mile Solutions's Interest Coverage

For the Auto Manufacturers subindustry, Electric Last Mile Solutions'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.

Electric Last Mile Solutions's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Electric Last Mile Solutions's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Electric Last Mile Solutions's Interest Coverage falls into.

Electric Last Mile Solutions 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.

Electric Last Mile Solutions's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Electric Last Mile Solutions's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Electric Last Mile Solutions had no debt ⁽¹⁾.

Electric Last Mile Solutions's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Here, for the three months ended in Sep. 2021, Electric Last Mile Solutions's Interest Expense was $-0.66 Mil. Its Operating Income was $-22.34 Mil. And its Long-Term Debt & Capital Lease Obligation was $29.80 Mil.

Electric Last Mile Solutions did not have earnings to cover the interest expense.

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

Electric Last Mile Solutions (OTCPK:ELMSQ) 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 .

Electric Last Mile Solutions Interest Coverage Related Terms

Thank you for viewing the detailed overview of Electric Last Mile Solutions's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Electric Last Mile Solutions (Electric Last Mile Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Electric Last Mile Solutions Inc (OTCPK:ELMSQ) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Square Lake Road, Troy, MI, USA, 48098

Website

https://www.electriclastmile.com

Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.

Executives

Dono Thomas Michael Jr	officer: Ch. Legal Officer & Corp. Sec.	882 SIMPSON STREET, PLYMOUTH MI 48170
Jonathan Ballon	officer: Chief Strategy & Digital Ofcr	1055 W SQUARE LAKE ROAD TROY MI 48098
Yao (rob) Song	officer: Treasurer, PAO and Controller	125 E. JOHN CARPENTER FREEWAY SUITE 1650 IRVING TX 75062
Hailiang Hu	officer: Chief Operating Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Richard N. Peretz	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kevork Tro Adjemian	officer: Chief Technical Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
James Taylor	director, officer: Chief Executive Officer	1070 WEST GUNN ROAD, ROCHESTER MI 48306
Benjamin F Wu	officer: General Counsel and Secretary	1055 W. SQUARE LAKE ROAD TROY MI 48098
Shauna Mcintyre	director	150 N. BARTLETT STREET, MEDFORD OR 97501
Albert Li	officer: CFO & Treasurer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Jason Luo	director, 10 percent owner, officer: Executive Chairman & President	1055 W. SQUARE LAKE ROAD TROY MI 48098
Brian M Krzanich	director	1210 MACDONALD RANCH ROAD, HENDERSON NV 89012
Neil Goldberg	director	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Forum Capital Management Iii Llc	director, 10 percent owner	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445
Forum Investors Iii Llc	director, 10 percent owner, other: *Director by Deputization	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445