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AILE (iLearningEngines) Interest Coverage : 0 (At Loss) (As of Jun. 2024)


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What is iLearningEngines 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. iLearningEngines's Operating Income for the six months ended in Jun. 2024 was $-77.3 Mil. iLearningEngines's Interest Expense for the six months ended in Jun. 2024 was $-3.4 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 iLearningEngines's Interest Coverage or its related term are showing as below:


AILE's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 28.575
* 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.


iLearningEngines Interest Coverage Historical Data

The historical data trend for iLearningEngines'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.

iLearningEngines Interest Coverage Chart

iLearningEngines Annual Data
Trend Dec20 Dec21 Dec22
Interest Coverage
7.34 1.52 1.80

iLearningEngines Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Jun24
Interest Coverage Get a 7-Day Free Trial N/A 1.63 1.98 1.93 -

Competitive Comparison of iLearningEngines's Interest Coverage

For the Software - Infrastructure subindustry, iLearningEngines'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.


iLearningEngines's Interest Coverage Distribution in the Software Industry

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

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



iLearningEngines 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.

iLearningEngines'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, iLearningEngines's Interest Expense was $-6.6 Mil. Its Operating Income was $11.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $9.7 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*11.878/-6.614
=1.80

iLearningEngines's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, iLearningEngines's Interest Expense was $-3.4 Mil. Its Operating Income was $-77.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $59.3 Mil.

iLearningEngines 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.


iLearningEngines  (NAS:AILE) 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 .


iLearningEngines Interest Coverage Related Terms

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iLearningEngines Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
6701 Democracy Boulevard, Suite 300, Bethesda, MD, USA, 20817
iLearningEngines Inc is an AI and automation platform that empowers its customers to productize their institutional knowledge by transforming it into actionable intellectual property that enhances outcomes for employees, customers and other stakeholders. Its platform enables enterprises to build intelligent Knowledge Clouds that incorporate large volumes of structured and unstructured information across disparate internal and external systems and to automate organizational processes that leverage these Knowledge Clouds to improve performance. The company combines its offerings with vertically focused capabilities and data models to operationalize AI and automation to effectively and efficiently address critical challenges facing its customers.

iLearningEngines Headlines

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