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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. Blade Air Mobility's Operating Income for the three months ended in Dec. 2023 was $-35.6 Mil. Blade Air Mobility's Interest Expense for the three months ended in Dec. 2023 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. Blade Air Mobility Inc has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Blade Air Mobility'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 Blade Air Mobility'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.
Blade Air Mobility Annual Data | |||||||||||
Trend | Sep19 | Sep20 | Sep21 | Dec22 | Dec23 | ||||||
Interest Coverage | No Debt | N/A | N/A | N/A | N/A |
Blade Air Mobility Quarterly Data | ||||||||||||||
Sep19 | Sep20 | Dec20 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Interest Coverage | Get a 7-Day Free Trial | N/A | N/A | N/A | N/A | N/A |
For the Airports & Air Services subindustry, Blade Air Mobility'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 Transportation industry and Industrials sector, Blade Air Mobility's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Blade Air Mobility'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.
Blade Air Mobility'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, Blade Air Mobility's Interest Expense was $0.0 Mil. Its Operating Income was $-68.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $19.7 Mil.
GuruFocus does not calculate Blade Air Mobility's interest coverage with the available data. |
Blade Air Mobility's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Here, for the three months ended in Dec. 2023, Blade Air Mobility's Interest Expense was $0.0 Mil. Its Operating Income was $-35.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $19.7 Mil.
GuruFocus does not calculate Blade Air Mobility'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.
Blade Air Mobility (NAS:BLDE) 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 Blade Air Mobility's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Seth J Bacon | officer: CEO, Trinity Air Medical | C/O BLADE AIR MOBILITY, INC., 55 HUDSON YARDS, 14TH FLOOR, NEW YORK NY 10001 |
Robert S Wiesenthal | director, officer: Chief Executive Officer | C/O SONY CORP OF AMERICA, 550 MADISON AVE, NEW YORK NY 10022 |
William A. Heyburn | officer: Chief Financial Officer | C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001 |
Melissa M. Tomkiel | officer: President and General Counsel | C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001 |
Amir Cohen | officer: Chief Accounting Officer | C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001 |
Reginald Love | director | C/O BRIGHTSPHERE INC., 200 CLARENDON STREET, BOSTON MA 02116 |
Eric Affeldt | director | ONE CEDAR POINT DRIVE, SANDUSKY OH 44870 |
John Borthwick | director | C/O BLADE AIR MOBILITY, INC., 55 HUDSON YARDS, 14TH FLOOR, NEW YORK NY 10001 |
Andrew Lauck | director | 667 MADISON AVE, 16TH FLOOR, NEW YORK NY 10065 |
Brandon A. Keene | officer: Chief Technology Officer | C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001 |
Anatoli Arkhipenko | officer: Chief Technology Officer | 145 PARK PL, APT 5G, BROOKLYN NY 11217 |
Kenneth B Lerer | director | |
Edward M Philip | director | C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861 |
Susan M Lyne | director | 11 WEST 42ND STREET, NEW YORK NY 10036 |
Jane C Garvey | director | P.O. BOX 66100 - HDQLD, CHICAGO IL 60666 |
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