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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. Blend Labs's Operating Income for the three months ended in Mar. 2024 was $-20.2 Mil. Blend Labs's Interest Expense for the three months ended in Mar. 2024 was $-5.1 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 Blend Labs'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 Blend Labs'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.
Blend Labs Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Interest Coverage | No Debt | N/A | - | - | - |
Blend Labs Quarterly Data | ||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
For the Software - Application subindustry, Blend Labs'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 Software industry and Technology sector, Blend Labs's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Blend Labs'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.
Blend Labs'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, Blend Labs's Interest Expense was $-30.8 Mil. Its Operating Income was $-131.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $145.3 Mil.
Blend Labs did not have earnings to cover the interest expense. |
Blend Labs's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, Blend Labs's Interest Expense was $-5.1 Mil. Its Operating Income was $-20.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $145.3 Mil.
Blend Labs 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.
Blend Labs (NYSE:BLND) 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 Blend Labs's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Amir Jafari | officer: Head of Finance and Admin. | 415 KEARNY STREET, SAN FRANCISCO CA 94108 |
Nima Ghamsari | director, officer: Chief Executive Officer | 415 KEARNY STREET, SAN FRANCISCO CA 94108 |
Oxana Tkach | officer: Principal Accounting Officer | 415 KEARNY STREET, SAN FRANCISCO CA 94108 |
Winnie Ling | officer: Head of Legal | 415 KEARNY STREET, SAN FRANCISCO CA 94108 |
Dean Klinger | officer: Head of Go-To-Market | 415 KEARNY STREET, SAN FRANCISCO CA 94108 |
Crystal Sumner | officer: Head of Legal, Compliance,Risk | 415 KEARNY STREET, SAN FRANCISCO CA 94108 |
Erin N Lantz | director | 2343 42ND AVE EAST, SEATTLE WA 98112 |
Marc S. Greenberg | officer: Head of Finance | 415 KEARNY STREET, SAN FRANCISCO CA 94108 |
Manish K. Gupta | officer: Principal Accounting Officer | 415 KEARNY STREET, SAN FRANCISCO CA 94108 |
Timothy J Mayopoulos | director, officer: President | C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005 |
Jonathan Y. Chan | officer: Principal Accounting Officer | 415 KEARNY STREET, SAN FRANCISCO CA 94108 |
Ciara Burnham | director | 3110 MAIN STREET, SUITE 400, SANTA MONICA CA 90405 |
Ossa Investments Pte. Ltd. | 10 percent owner | 60B ORCHARD ROAD #06-18 TOWER 2, THE ATRIUM@ORCHARD, SINGAPORE U0 238891 |
Gerald C. Chen | director | 415 KEARNY STREET, SAN FRANCISCO CA 94108 |
Erin James Collard | director | 415 KEARNY STREET, SAN FRANCISCO CA 94108 |
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