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Matterport (Matterport) Interest Coverage : No Debt (1) (As of Dec. 2023)


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What is Matterport 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. Matterport's Operating Income for the three months ended in Dec. 2023 was $-49.1 Mil. Matterport's Interest Expense for the three months ended in Dec. 2023 was $0.0 Mil. Matterport has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Matterport Inc has enough cash to cover all of its debt. Its financial situation is stable.

(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 Matterport's Interest Coverage or its related term are showing as below:

MTTR' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


MTTR's Interest Coverage is ranked better than
98.87% of 1598 companies
in the Software industry
Industry Median: 29.35 vs MTTR: No Debt

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


Matterport Interest Coverage Historical Data

The historical data trend for Matterport'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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Matterport Interest Coverage Chart

Matterport Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Coverage
- - No Debt No Debt

Matterport Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Matterport's Interest Coverage

For the Software - Application subindustry, Matterport'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.


Matterport's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Matterport's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Matterport's Interest Coverage falls into.



Matterport 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.

Matterport'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, Matterport's Interest Expense was $0.0 Mil. Its Operating Income was $-214.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Matterport had no debt (1).

Matterport's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Matterport's Interest Expense was $0.0 Mil. Its Operating Income was $-49.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Matterport had no debt (1).

* 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.


Matterport  (NAS:MTTR) 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 .


Matterport Interest Coverage Related Terms

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


Matterport (Matterport) Business Description

Traded in Other Exchanges
Address
352 East Java Drive, Sunnyvale, CA, USA, 94089
Matterport Inc is a spatial data company focused on digitizing and indexing the built world. Its all-in-one 3D data platform enables anyone to turn a space into an accurate and immersive digital twin which can be used to design, build, operate, promote, and understand any space.
Executives
James Daniel Fay officer: Chief Financial Officer C/O MATTERPORT, INC., 352 EAST JAVA DRIVE, SUNNYVALE CA 94089
Raymond J Pittman director, officer: See Remarks C/O MATTERPORT, INC., 352 EAST JAVA DRIVE, SUNNYVALE CA 94089
Peter Presunka officer: Chief Accounting Officer C/O MATTERPORT, INC., 352 EAST JAVA DRIVE, SUNNYVALE CA 94089
Jay Remley officer: Chief Revenue Officer C/O MATTERPORT, INC., 352 EAST JAVA DRIVE, SUNNYVALE CA 94089
Japjit Tulsi officer: Chief Technology Officer C/O MATTERPORT, INC., 352 EAST JAVA DRIVE, SUNNYVALE CA 94089
Jason Krikorian director C/O AUGMEDIX, INC., 1161 MISSION STREET, SUITE LL, SAN FRANCISCO CA 94103
Peter Hebert director, 10 percent owner C/O LUX VENTURES, 295 MADISON AVE, 24TH FLOOR, NEW YORK NY 10017
Matthew Zinn officer: Chief Legal Officer 2160 GOLD STREET, ALVISO CA 95002
Susan Repo director 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Lux Ventures Iii Special Founders Fund, L.p. 10 percent owner 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Michael B Gustafson director 380 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Brandt Walter Kucharski officer: Chief Accounting Officer 111 W WASHINGTON STREET, SUITE 2100, CHICAGO IL 60602
Lux Ventures Cayman Iii, L.p. 10 percent owner 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Co-invest Opportunities, L.p. 10 percent owner C/O LUX CAPITAL MANAGEMENT, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Josh Wolfe 10 percent owner C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010