Flywire (Flywire) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Flywire 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. Flywire's Operating Income for the three months ended in Dec. 2023 was $-10.0 Mil. Flywire's Interest Expense for the three months ended in Dec. 2023 was $-0.1 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 Flywire's Interest Coverage or its related term are showing as below:

FLYW's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 29.35
* 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.

Flywire Interest Coverage Historical Data

The historical data trend for Flywire'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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Flywire Interest Coverage Chart

Flywire Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Flywire Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial												-	-	-	120.06	-

Competitive Comparison of Flywire's Interest Coverage

For the Software - Infrastructure subindustry, Flywire'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.

Flywire's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Flywire's Interest Coverage distribution charts can be found below:

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

Flywire 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.

Flywire'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, Flywire's Interest Expense was $-0.4 Mil. Its Operating Income was $-21.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Flywire did not have earnings to cover the interest expense.

Flywire's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Flywire's Interest Expense was $-0.1 Mil. Its Operating Income was $-10.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Flywire did not have earnings to cover the interest expense.

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

Flywire (NAS:FLYW) 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 .

Flywire Interest Coverage Related Terms

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

Flywire (Flywire) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Flywire Corp (NAS:FLYW) » Definitions » Interest Coverage

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Traded in Other Exchanges

9E2:Germany

Address

141 Tremont Street, Suite 10, Boston, MA, USA, 02111

Website

https://www.flywire.com

Flywire Corp provides a secure global payments platform, offering its clients an innovative and streamlined process to receive reconciled domestic and international payments in a more cost-effective and efficient manner. The company's solutions are built on three core elements namely a payments platform; a proprietary global payment network and vertical-specific software backed by its deep industry expertise. Geographically, the majority of revenue is from the Americas.

Executives

Michael G Ellis	officer: Chief Financial Officer	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
Peter Butterfield	officer: General Counsel and CCO	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
Rob Orgel	officer: President and COO	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
Michael Massaro	director, officer: Chief Executive Officer	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
David R. King	officer: Chief Technology Officer	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
Gretchen Howard	director	707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Matthew C Harris	director, 10 percent owner	1 BANK STREET, 2ND FLOOR, WILLIAMSTOWN MA 01267
Edwin J Santos	director	234 MOURNING DOVE DRIVE, SAUNDERSTOWN RI 02874
Bain Capital Venture Investors, Llc	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Venture Coinvestment Fund Ii, L.p.	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Enrique T Salem	10 percent owner	SYMANTEC CORPORATION, 20330 STEVENS CREEK BLVD., CUPERTINO CA 95014
Ajay Agarwal	10 percent owner	C/O BAIN CAPITAL VENTURE INVESTORS, LLC, 200 CLARENDON STREET, BOSTON MA 02116
Alex Finkelstein	director, 10 percent owner	C/O WAYFAIR INC, 4 COPLEY PLACE, 7TH FLOOR, BOSTON MA 02116
Phillip John Riese	director	2851 WEST KATHLEEN ROAD, PHOENIX AZ 85053
Diane E Offereins	director	2500 LAKE COOK ROAD, RIVERWOODS IL 60015