GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spectaire Holdings Inc (NAS:SPEC) » Definitions » Interest Coverage

Spectaire Holdings (Spectaire Holdings) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Spectaire Holdings 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. Spectaire Holdings's Operating Income for the three months ended in Mar. 2024 was $-2.01 Mil. Spectaire Holdings's Interest Expense for the three months ended in Mar. 2024 was $-2.38 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


SPEC's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 13.71
* 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.


Spectaire Holdings Interest Coverage Historical Data

The historical data trend for Spectaire Holdings'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.

Spectaire Holdings Interest Coverage Chart

Spectaire Holdings Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
No Debt N/A -

Spectaire Holdings Quarterly Data
Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial N/A - No Debt - -

Competitive Comparison of Spectaire Holdings's Interest Coverage

For the Pollution & Treatment Controls subindustry, Spectaire Holdings'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.


Spectaire Holdings's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Spectaire Holdings's Interest Coverage distribution charts can be found below:

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



Spectaire Holdings 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.

Spectaire Holdings'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, Spectaire Holdings's Interest Expense was $-6.32 Mil. Its Operating Income was $-16.73 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.14 Mil.

Spectaire Holdings did not have earnings to cover the interest expense.

Spectaire Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Spectaire Holdings's Interest Expense was $-2.38 Mil. Its Operating Income was $-2.01 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.12 Mil.

Spectaire Holdings did not have earnings to cover the interest expense.

* 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.


Spectaire Holdings  (NAS:SPEC) 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 .


Spectaire Holdings Interest Coverage Related Terms

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


Spectaire Holdings (Spectaire Holdings) Business Description

Traded in Other Exchanges
N/A
Address
155 Arlington Street, Watertown, MA, USA, 02472
Spectaire Holdings Inc is an industrial technology company that allows its customers to measure, manage, and reduce carbon dioxide equivalent and other greenhouse gas emissions. Spectaire's core product offering, AireCore is a fully integrated hardware, software, and data platform.
Executives
Brian Semkiw director, officer: Chairman & CEO C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Joerg Mosolf director C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Perception Capital Partners Llc 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Rui Mendes officer: Chief Information Officer C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Gianfranco Baldesarra director C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Christopher Grossman officer: Chief Commercial Officer C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Leonardo Fernandes officer: Chief Financial Officer C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Brian Hemond director, officer: Chief Technology Officer C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Northern Pacific Group, L.p. 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Owl Creek Asset Management, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Tao Tan director 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814
Karrie Willis director C/O PERCEPTION CAPITAL CORP. II, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Aqr Arbitrage Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830

Spectaire Holdings (Spectaire Holdings) Headlines