Qev NV (XAMS:QEV) Interest Coverage : 0 (At Loss) (As of Dec. 2022)

View and export this data going back to 2021. Start your Free Trial

What is Qev NV 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. Qev NV's Operating Income for the six months ended in Dec. 2022 was €-1.30 Mil. Qev NV's Interest Expense for the six months ended in Dec. 2022 was €-3.92 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 Qev NV's Interest Coverage or its related term are showing as below:

XAMS:QEV's Interest Coverage is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 7.775
* 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.

Qev NV Interest Coverage Historical Data

The historical data trend for Qev NV'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.

Qev NV Interest Coverage Chart

Qev NV Annual Data

Trend

Dec21

Dec22

Interest Coverage

Qev NV Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22
Interest Coverage	-	No Debt	-	-

Competitive Comparison of Qev NV's Interest Coverage

For the Auto Manufacturers subindustry, Qev NV'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.

Qev NV's Interest Coverage Distribution in the Vehicles & Parts Industry

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

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

Qev NV 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.

Qev NV'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, Qev NV's Interest Expense was €-4.47 Mil. Its Operating Income was €-1.61 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Qev NV did not have earnings to cover the interest expense.

Qev NV's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, Qev NV's Interest Expense was €-3.92 Mil. Its Operating Income was €-1.30 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Qev NV did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Qev NV (XAMS:QEV) 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 .

Qev NV Interest Coverage Related Terms

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

Qev NV (XAMS:QEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qev NV (XAMS:QEV) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Carrer del Rec Molinar, 11, Montmelo, Barcelona, ESP, 08160

Website

https://www.qevtech.com

Qev NV designs, develops, manufactures, and sells electric light commercial vehicles and electric buses, as well as offering aftersales and maintenance services, and has further business lines related to electric motorsport. It sells its electric vans, trucks and buses primarily to businesses and public transport companies seeking to establish or grow their electric fleets, and is focused on serving the urban mobility and last-mile delivery markets. Under the ZEROID brand, QEV Technologies offers a zero-emission fleet that includes multiple electric van models, delivery trucks, and electric and hydrogen platforms for buses.

Qev NV (XAMS:QEV) Headlines

No Headlines