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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. Hyliion Holdings's Operating Income for the three months ended in Mar. 2024 was $-14.56 Mil. Hyliion Holdings's Interest Expense for the three months ended in Mar. 2024 was $0.00 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. Hyliion Holdings Corp has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Hyliion Holdings'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 Hyliion Holdings'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.
Hyliion Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Interest Coverage | - | - | N/A | N/A | N/A |
Hyliion Holdings Quarterly Data | |||||||||||||||||||
Sep19 | 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 | N/A | N/A | N/A | N/A | N/A |
For the Auto Parts subindustry, Hyliion Holdings'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, Hyliion Holdings's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Hyliion Holdings'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.
Hyliion Holdings'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, Hyliion Holdings's Interest Expense was $0.00 Mil. Its Operating Income was $-125.90 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.79 Mil.
GuruFocus does not calculate Hyliion Holdings's interest coverage with the available data. |
Hyliion Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, Hyliion Holdings's Interest Expense was $0.00 Mil. Its Operating Income was $-14.56 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.21 Mil.
GuruFocus does not calculate Hyliion Holdings'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.
Hyliion Holdings (NYSE:HYLN) 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 Hyliion Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Knight Robert M Jr | director | UNION PACIFIC CORP, 1416 DODGE ST, OMAHA NE 68179 |
Cheri Lantz | officer: CHIEF STRATEGY OFFICER | C/O HYLIION HOLDING CORP., 1202 BMC DRIVE, SUITE 100, CEDAR PARK TX 78613 |
Thomas J. Healy | director, 10 percent owner, officer: Chief Executive Officer | C/O HYLIION HOLDINGS CORP., 5100 W. 115TH PLACE, LEAWOOD KS 66211 |
Dennis M. Gallagher | officer: Chief Operating Officer | C/O HYLIION HOLDING CORP., 1202 BMC DRIVE, SUITE 100, CEDAR PARK TX 78613 |
Jeffrey A Craig | director | MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084 |
Vincent T. Cubbage | director | 725 FIFTH AVE., 19TH FLOOR, NEW YORK NY 10022 |
Jon Panzer | officer: Chief Financial Officer | C/O HYLIION HOLDING CORP., 1202 BMC DRIVE, SUITE 100, CEDAR PARK TX 78613 |
Card Andrew H Jr | director | 5747 N 4TH STREET, ARLINGTON VA 22205 |
Melanie Montague Trent | director | 2800 POST OAK BLVD., SUITE 5450, HOUSTON TX 7056 |
Rodger L Boehm | director | 165 WESTVIEW ROAD, WINNETKA IL 60093 |
Richard Joseph Freeland | director | 927 JUNCO DRIVE, COLUMBUS IN 47201 |
Jose Miguel Oxholm | officer: VP, General Counsel and CCO | C/O HYLIION HOLDINGS CORP., 1202 BMC DRIVE, SUITE 100, CEDAR PARK TX 78613 |
Patrick Sexton | officer: Chief Technology Officer | C/O HYLIION HOLDINGS CORP., 5100 W. 115TH PLACE, LEAWOOD KS 66211 |
Edward E Olkkola | director | 300 WEST SIXTH STREET STE.2300, AUSTIN TX 78701 |
Sherri Baker | director | 1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275 |
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