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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. Rivian Automotive's Operating Income for the three months ended in Dec. 2023 was $-1,581 Mil. Rivian Automotive's Interest Expense for the three months ended in Dec. 2023 was $-73 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 Rivian Automotive'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 Rivian Automotive'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.
Rivian Automotive Annual Data | |||||||||||
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Interest Coverage | - | - | - | - | - |
Rivian Automotive Quarterly Data | ||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
For the Auto Manufacturers subindustry, Rivian Automotive'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 Vehicles & Parts industry and Consumer Cyclical sector, Rivian Automotive's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Rivian Automotive'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.
Rivian Automotive'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, Rivian Automotive's Interest Expense was $-220 Mil. Its Operating Income was $-5,739 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,755 Mil.
Rivian Automotive did not have earnings to cover the interest expense. |
Rivian Automotive's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Here, for the three months ended in Dec. 2023, Rivian Automotive's Interest Expense was $-73 Mil. Its Operating Income was $-1,581 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,755 Mil.
Rivian Automotive 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.
Rivian Automotive (NAS:RIVN) 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 Rivian Automotive's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Claire Mcdonough | officer: Chief Financial Officer | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618 |
Kjell Gruner | officer: Chief Commercial Officer | C/O HARLEY-DAVIDSON, INC., 3700 W JUNEAU AVENUE, MILWAUKEE WI 53208 |
John Krafcik | director | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618 |
Jeff Baker | officer: Chief Accounting Officer | 1221 BROADWAY, OAKLAND CA 94612 |
Harald Kroeger | director | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92606 |
Jay T Flatley | director | 9885 TOWNE CENTRE DR, SAN DIEGO CA 92121 |
Jiten Behl | officer: Chief Growth Officer | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618 |
Robert J Scaringe | director, officer: Chief Executive Officer | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618 |
Ford Motor Co | 10 percent owner | ONE AMERICAN RD, DEARBORN MI 48126 |
Pamela Thomas-graham | director | C/O IDENIX PHARMACEUTICALS, INC., 60 HAMPSHIRE STREET, CAMBRIDGE MA 02139 |
Karen Boone | director | 15 KOCH ROAD, SUITE J, CORTE MADERA CA 94925 |
Rose M Marcario | director | 21101 OXNARD STREET, WOODLAND HILLS CA 91367 |
Peter Krawiec | director | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618 |
Sanford Harold Schwartz | director | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618 |
Amazon Com Inc | director, 10 percent owner | 410 TERRY AVENUE NORTH, SEATTLE WA 98109 |
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