Cube Labs SpA (MIL:CUBE) Interest Coverage : 0 (At Loss) (As of Jun. 2023)

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What is Cube Labs SpA 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. Cube Labs SpA's Operating Income for the six months ended in Jun. 2023 was €-0.28 Mil. Cube Labs SpA's Interest Expense for the six months ended in Jun. 2023 was €-0.14 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 Cube Labs SpA's Interest Coverage or its related term are showing as below:

MIL:CUBE's Interest Coverage is not ranked ^*
in the Asset Management industry.
Industry Median: 45.345
* 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.

Cube Labs SpA Interest Coverage Historical Data

The historical data trend for Cube Labs SpA'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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Cube Labs SpA Interest Coverage Chart

Cube Labs SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

1.50

9.64

18.39

5.91

0.15

Cube Labs SpA Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Coverage	Get a 7-Day Free Trial			7.12	4.81	1.05	-	-

Competitive Comparison of Cube Labs SpA's Interest Coverage

For the Asset Management subindustry, Cube Labs SpA'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.

Cube Labs SpA's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cube Labs SpA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cube Labs SpA's Interest Coverage falls into.

Cube Labs SpA 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.

Cube Labs SpA'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, Cube Labs SpA's Interest Expense was €-0.14 Mil. Its Operating Income was €0.02 Mil. And its Long-Term Debt & Capital Lease Obligation was €3.23 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	0.021	/	-0.141
	=	0.15

Cube Labs SpA's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Cube Labs SpA's Interest Expense was €-0.14 Mil. Its Operating Income was €-0.28 Mil. And its Long-Term Debt & Capital Lease Obligation was €2.99 Mil.

Cube Labs SpA did not have earnings to cover the interest expense.

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

Cube Labs SpA (MIL:CUBE) 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 .

Cube Labs SpA Interest Coverage Related Terms

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Cube Labs SpA (MIL:CUBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cube Labs SpA (MIL:CUBE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Giulio Caccini, 1, Rome, ITA, 00186

Website

https://cube-labs.com

Cube Labs SpA operates as a venture builder that enables innovation in the healthcare technology space. The company is engaged in attracting sources of financing and providing entrepreneurial and operational support to the companies to develop healthcare technologies for the market.