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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. SomaLogic's Operating Income for the three months ended in Sep. 2023 was $-23.93 Mil. SomaLogic's Interest Expense for the three months ended in Sep. 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.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. SomaLogic 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 SomaLogic'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 SomaLogic'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.
SomaLogic Annual Data | |||||||
Trend | Dec20 | Dec21 | Dec22 | ||||
Interest Coverage | - | - | No Debt |
SomaLogic Quarterly Data | |||||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Interest Coverage | Get a 7-Day Free Trial | No Debt | No Debt | No Debt | No Debt | N/A |
For the Health Information Services subindustry, SomaLogic'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 Healthcare Providers & Services industry and Healthcare sector, SomaLogic's Interest Coverage distribution charts can be found below:
* The bar in red indicates where SomaLogic'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.
SomaLogic'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, SomaLogic's Interest Expense was $0.00 Mil. Its Operating Income was $-175.76 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
SomaLogic had no debt (1). |
SomaLogic's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as
Here, for the three months ended in Sep. 2023, SomaLogic's Interest Expense was $0.00 Mil. Its Operating Income was $-23.93 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.76 Mil.
GuruFocus does not calculate SomaLogic'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.
SomaLogic (NAS:SLGC) 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 SomaLogic's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Alison Marie Roelke | officer: Chief People Officer | 900 INNOVATORS WAY, SIMI VALLEY CA 93065 |
Adam Taich | officer: Interim CEO | C/O SOMALOGIC, INC., 2945 WILDERNESS PLACE, BOULDER CO 80301 |
Ruben Gutierrez | officer: General Counsel | 6435 AVENIDA WILFREDO, LA JOLLA CA 92037 |
Kathy L Hibbs | director | C/O VIROLOGIC, 345 OYSTER POINT BLVD, SOUTH SAN FRANCISCO CA 94080 |
Jason Ryan | director | C/O FOUNDATION MEDICINE, INC., ONE KENDALL SQUARE, SUITE B3501, CAMBRIDGE MA 02139 |
Thomas D. Carey | director | 8 PAIGE STREET, HINGHAM MA 02043 |
Eliot M Lurier | officer: Interim CFO | C/O TENAX THERAPEUTICS, INC., ONE COPLEY PARKWAY, SUITE 490, MORRISVILLE NC 27560 |
Tycho Peterson | director | C/O ADAPTIVE BIOTECHNOLOGIES CORPORATION, 1165 EASTLAKE AVE E, SEATTLE WA 98109 |
Eli Casdin | director | 1350 AVENUE OF THE AMERICAS, SUITE 1140, NEW YORK NY 10019 |
Shaun M. Blakeman | officer: Chief Financial Officer | C/O CANTEL MEDICAL CORP., 150 CLOVE ROAD, LITTLE FALLS NJ 07424 |
Anne H. Margulies | director | C/O HENRY SCHEIN, INC., 135 DURYEA ROAD, MELVILLE NY 11747 |
Richard A Post | director | 998 LACOSTA LANE, LANE TREE CO 80124 |
Charles M. Lillis | director | 13 CASTLE PINES DRIVE N, CASTLE ROCK CO 80108 |
Stephen Quake | director | C/O FLUIDIGM CORPORATION, 7000 SHORELINE COURT, SUITE 100, SOUTH SAN FRANCISCO CA 94080 |
Robert Barchi | director |
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