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ContextLogic (ContextLogic) Interest Coverage : N/A (As of Mar. 2024)


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What is ContextLogic 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. ContextLogic's Operating Income for the three months ended in Mar. 2024 was $-53.0 Mil. ContextLogic's Interest Expense for the three months ended in Mar. 2024 was $0.0 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. ContextLogic Inc has enough cash to cover all of its debt. Its financial situation is stable.

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


LOGC's Interest Coverage is not ranked *
in the Retail - Cyclical industry.
Industry Median: 7.585
* 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.


ContextLogic Interest Coverage Historical Data

The historical data trend for ContextLogic'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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ContextLogic Interest Coverage Chart

ContextLogic Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial N/A - N/A N/A N/A

ContextLogic Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only 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 ContextLogic's Interest Coverage

For the Internet Retail subindustry, ContextLogic'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.


ContextLogic's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, ContextLogic's Interest Coverage distribution charts can be found below:

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



ContextLogic 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.

ContextLogic'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, ContextLogic's Interest Expense was $0.0 Mil. Its Operating Income was $-328.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.0 Mil.

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

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

Here, for the three months ended in Mar. 2024, ContextLogic's Interest Expense was $0.0 Mil. Its Operating Income was $-53.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.0 Mil.

GuruFocus does not calculate ContextLogic'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.


ContextLogic  (NAS:LOGC) 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 .


ContextLogic Interest Coverage Related Terms

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


ContextLogic (ContextLogic) Business Description

Traded in Other Exchanges
Address
One Sansome Street, 33rd Floor, San Francisco, CA, USA, 94104
ContextLogic Inc is an online shopping store. The store provides personalized products, clothing products, accessories, gaming products and equipment, cosmetics, plastic products, mobile covers, and other products. Geographically, it derives a majority of revenue from Europe and also has a presence in North America; South America, and other countries.
Executives
Jerry Louis officer: Chief Technology Officer ONE SANSOME STREET, 33RD FLOOR, SAN FRANCISCO CA 94104
Stephanie Tilenius director C/O IRONPLANET, INC., 4695 CHABOT DRIVE, SUITE 102, PLEASANTON CA 94588
Mauricio Monico officer: Chief Product Officer ONE SANSOME STREET 33RD FLOOR, SAN FRANCISCO CA 94104
Jun Yan officer: CEO ONE SANSOME STREET, 33RD FLOOR, SAN FRANCISCO CA 94104
Ying Vivian Liu officer: CFO and COO ONE SANSOME STREET 33RD FLOOR, SAN FRANCISCO CA 94104
Lawrence M Kutscher director ONE DIAMOND HILL RD, MURRAY HILL NJ 07974
Brett Just officer: SVP, Finance ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA 94104
Shuyan (rachel) Wang officer: Head of Data Science ONE SANSOME STREET 33RD FLOOR, SAN FRANCISCO CA 94104
Tarun Kumar Jain officer: Chief Product Officer ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA 94104
Vijay Talwar director, officer: Chief Executive Officer 705 FIFTH AVENUE SOUTH, SUITE 900, SEATTLE WA 98104
Piotr Szulczewski director, 10 percent owner, officer: Founder, CEO, and Chairperson ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA 94104
Hans Tung director 3000 SAND HILL ROAD, BUILDING 4, SUITE 230, MENLO PARK CA 94025
Pai Liu officer: Vice President of Data Science ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA 94104
Devang Shah officer: General Counsel and Secretary 699 8TH STREET, SAN FRANCISCO CA 94103
Hamid Reza Kassaei officer: Chief Technology Officer ONE SANSOME STREET 40TH FLOOR, SAN FRANCISCO CA 94104

ContextLogic (ContextLogic) Headlines

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