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Slam (SLAM) Interest Coverage : N/A (As of Dec. 2023)


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What is Slam 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. Slam's Operating Income for the three months ended in Dec. 2023 was $-1.87 Mil. Slam's Interest Expense for the three months ended in Dec. 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 Slam's Interest Coverage or its related term are showing as below:


SLAM's Interest Coverage is not ranked *
in the Diversified Financial Services industry.
Industry Median: No Debt
* 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.


Slam Interest Coverage Historical Data

The historical data trend for Slam'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.

Slam Interest Coverage Chart

Slam Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Coverage
No Debt N/A N/A N/A

Slam Quarterly Data
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 N/A N/A N/A N/A N/A

Competitive Comparison of Slam's Interest Coverage

For the Shell Companies subindustry, Slam'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.


Slam's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Slam's Interest Coverage distribution charts can be found below:

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



Slam 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.

Slam'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, Slam's Interest Expense was $0.00 Mil. Its Operating Income was $-4.55 Mil. And its Long-Term Debt & Capital Lease Obligation was $12.16 Mil.

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

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

Here, for the three months ended in Dec. 2023, Slam's Interest Expense was $0.00 Mil. Its Operating Income was $-1.87 Mil. And its Long-Term Debt & Capital Lease Obligation was $12.16 Mil.

GuruFocus does not calculate Slam'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.


Slam  (NAS:SLAM) 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 .


Slam Interest Coverage Related Terms

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


Slam (SLAM) Business Description

Traded in Other Exchanges
Address
55 Hudson Yards, 47th Floor, Suite C, New York, NY, USA, 10001
Slam Corp is a blank check company.
Executives
Alexandre Zyngier director 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Ann Berry director C/O GOLDMAN, SACHS & CO., 200 WEST STREET, NEW YORK NY 10282
Glazer Capital, Llc 10 percent owner 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer 10 percent owner 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Barbara M Byrne director C/O CBS CORPORATION, 51 WEST 52ND STREET, NEW YORK NY 10019
Jagdeep Singh director C/O INFINERA CORPORATION, 169 JAVA DRIVE, SUNNYVALE CA 94089
Kelly Laferriere officer: President C/O SIX FLAGS INC, 1540 BROADWAY, NEW YORK NY 10036
Desiree Gruber director C/O DPCM CAPITAL, INC., 382 NE 191 STREET, #24148, MIAMI FL 33179
Himanshu Gulati director, officer: Chairman 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Slam Sponsor, Llc director, 10 percent owner 500 FIFTH AVENUE, NEW YORK NY 10110
Chetan Bansal director, officer: Chief Development Officer C/O SLAM CORP., 500 FIFTH AVENUE, NEW YORK NY 10110
Alexander Rodriguez director, officer: Chief Executive Officer C/O SLAM CORP., 500 FIFTH AVENUE, NEW YORK NY 10110
Joseph Taeid officer: Chief Financial Officer C/O SLAM CORP., 500 FIFTH AVENUE, NEW YORK NY 10110
Reginald Hudlin director C/O SLAM CORP., 500 FIFTH AVENUE, NEW YORK NY 10110