Sunlight Financial Holdings (Sunlight Financial Holdings) Interest Coverage : 0 (At Loss) (As of Jun. 2023)

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What is Sunlight Financial Holdings 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. Sunlight Financial Holdings's Operating Income for the three months ended in Jun. 2023 was $-76.92 Mil. Sunlight Financial Holdings's Interest Expense for the three months ended in Jun. 2023 was $-2.56 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 Sunlight Financial Holdings's Interest Coverage or its related term are showing as below:

SUNLQ's Interest Coverage is not ranked ^*
in the Credit Services industry.
Industry Median: 82.75
* 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.

Sunlight Financial Holdings Interest Coverage Historical Data

The historical data trend for Sunlight Financial 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.

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Sunlight Financial Holdings Interest Coverage Chart

Sunlight Financial Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Interest Coverage

20.01

No Debt

Sunlight Financial Holdings Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Coverage	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Sunlight Financial Holdings's Interest Coverage

For the Credit Services subindustry, Sunlight Financial 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.

Sunlight Financial Holdings's Interest Coverage Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Sunlight Financial Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sunlight Financial Holdings's Interest Coverage falls into.

Sunlight Financial Holdings 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.

Sunlight Financial Holdings'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, Sunlight Financial Holdings's Interest Expense was $-1.40 Mil. Its Operating Income was $-113.34 Mil. And its Long-Term Debt & Capital Lease Obligation was $20.61 Mil.

Sunlight Financial Holdings did not have earnings to cover the interest expense.

Sunlight Financial Holdings's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Sunlight Financial Holdings's Interest Expense was $-2.56 Mil. Its Operating Income was $-76.92 Mil. And its Long-Term Debt & Capital Lease Obligation was $52.27 Mil.

Sunlight Financial Holdings did not have earnings to cover the interest expense.

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

Sunlight Financial Holdings (OTCPK:SUNLQ) 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 .

Sunlight Financial Holdings Interest Coverage Related Terms

Thank you for viewing the detailed overview of Sunlight Financial Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Sunlight Financial Holdings (Sunlight Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sunlight Financial Holdings Inc (OTCPK:SUNLQ) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 North Tryon Street, Suite 1000, Charlotte, NC, USA, 28246

Website

https://www.sunlightfinancial.com

Sunlight Financial Holdings Inc is a technology-enabled point-of-sale finance company. It partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. It's technology and deep credit expertise simplify and streamline consumer finance, ensuring a fast and frictionless process for both contractors and homeowners. It earns revenue in two streams: platform fees earned on each loan facilitated via Orange and fees earned for loan portfolio management, servicing, and administration services.

Executives

Matthew Potere	director, officer: Chief Executive Officer	101 N. TRYON STREET, STE. 1000, CHARLOTTE NC 28246
Rodney Yoder	officer: Chief Financial Officer	101 N. TRYON STREET, SUITE 1000, CHARLOTTE NC 28246
Timothy Parsons	officer: EVP and COO	101 N. TRYON STREET, STE. 1000, CHARLOTTE NC 28246
Apollo Principal Holdings Iii Gp Ltd	10 percent owner	C/O INTERTRUST CORPORATE SERVICES, (CAYMAN) LIMITED, 190 ELGIN STREET, GEORGE TOWN E9 KY1-9005
Apollo Anrp Capital Management Iii, Llc	10 percent owner	9 WEST 57TH ST., 43RD FLOOR, NEW YORK NY 10019
Apollo Anrp Advisors Iii, L.p.	10 percent owner	9 WEST 57TH ST., 43RD FLOOR, NEW YORK NY 10019
Ap Spartan Energy Holdings Ii, L.p.	10 percent owner	9 WEST 57TH ST, 43RD FLOOR, NEW YORK NY 10019
Spartan Acquisition Sponsor Ii Llc	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Aph Holdings, L.p.	10 percent owner	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
Barry Edinburg	officer: EVP and CFO	101 N. TRYON STREET, SUITE 1000, CHARLOTTE NC 28246
William B Miller	officer: Managing Director Acct Finance	C/O SUNLIGHT FINANCIAL HOLDINGS INC., 101 N. TRYON STREET, SUITE 1000, CHARLOTTE NC 28246
Scott Mulloy	officer: EVP and CIO	101 N. TRYON STREET, STE. 1000, CHARLOTTE NC 28246
Kenneth Shea	director	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Tiger Infrastructure Partners Co-invest B Lp	10 percent owner	717 FIFTH AVENUE, FLOOR 12A, NEW YORK NY 10022
Ftv V, L.p.	10 percent owner	555 CALIFORNIA STREET, SUITE 2900, SAN FRANCISCO CA 94104