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noco-noco (noco-noco) Interest Coverage : N/A (As of Jun. 2023)


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What is noco-noco 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. noco-noco's Operating Income for the six months ended in Jun. 2023 was $-15.65 Mil. noco-noco's Interest Expense for the six months ended in Jun. 2023 was $0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for noco-noco's Interest Coverage or its related term are showing as below:


NCNC's Interest Coverage is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.75
* 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.

noco-noco Interest Coverage Historical Data

The historical data trend for noco-noco'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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noco-noco Interest Coverage Chart

noco-noco Annual Data
Trend Jun21 Jun22 Jun23
Interest Coverage
N/A No Debt N/A

noco-noco Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23
Interest Coverage N/A No Debt No Debt N/A N/A

Competitive Comparison of noco-noco's Interest Coverage

For the Auto Parts subindustry, noco-noco'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.

noco-noco's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, noco-noco's Interest Coverage distribution charts can be found below:

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


noco-noco 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.

noco-noco's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, noco-noco's Interest Expense was $0.00 Mil. Its Operating Income was $-16.84 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.04 Mil.

GuruFocus does not calculate noco-noco's interest coverage with the available data.

noco-noco's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, noco-noco's Interest Expense was $0.00 Mil. Its Operating Income was $-15.65 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.04 Mil.

GuruFocus does not calculate noco-noco's interest coverage with the available data.

* 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.

noco-noco  (NAS:NCNC) 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 .

noco-noco Interest Coverage Related Terms

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noco-noco (noco-noco) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » noco-noco Inc (NAS:NCNC) » Definitions » Interest Coverage
Comparable Companies
SCTH SYPR SUP WKSP STRT CAAS ID HYLN OMTK FLES TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG XTER:CON SHSE:600660
Traded in Other Exchanges
N/A
Address
4 Shenton Way, No.04-06 SGX Centre 2, Singapore, SGP, 068807
Website
https://www.noco-noco.com
noco-noco Inc is an early-stage decarbonization solution provider in Asia, aiming to engage in the leasing of battery products, including batteries and BEVs to commercial transportation companies, and of ESS to renewable power plants and other power plants requiring grid stabilization and backup power; and (ii) carbon abatement solutions for landowners and carbon credit sales. noco-noco operates own-and-lease business model where it manufactures its battery products through OEMs and leases them to its clients. It also engages in carbon abatement solutions and carbon credit sales and cross-sells them to its battery business clients to offset carbon emissions from their operations.