What is IonQ Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IonQ's interest expense for the
three
months ended in Mar. 2024 was $ 0.00 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $0.00 Mil.
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. IonQ's Operating Income for the
three
months ended in Mar. 2024 was $ -52.88 Mil. IonQ's Interest Expense for the
three
months ended in Mar. 2024 was $ 0.00 Mil.
GuruFocus does not calculate IonQ's interest coverage with the available data.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
IonQ Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.
* 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.
IonQ (NYSE:IONQ) Interest Expense Explanation
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. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
IonQ's Interest Expense for the
three
months ended in Mar. 2024 was $0.00 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $-52.88 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $14.45 Mil.
IonQ's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
| GuruFocus does not calculate IonQ'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.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. IonQ Inc has enough cash to cover all of its debt. Its financial situation is stable.
IonQ (IONQ) Business Description
Traded in Other Exchanges
N/A
Address
4505 Campus Drive, College Park, MD, USA, 20740
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems, and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
Executives
| Rima Alameddine |
officer: Chief Revenue Officer |
C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740 |
| Peter Hume Chapman |
director, officer: President and CEO |
C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740 |
| Jungsang Kim |
director, officer: Chief Strategy Officer |
C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740 |
| Thomas G. Kramer |
officer: Chief Financial Officer |
C/O OPOWER, INC., 1515 NORTH COURTHOUSE ROAD, 8TH FLOOR, ARLINGTON VA 22201 |
| Christopher Monroe |
officer: Chief Scientist |
C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740 |
| Laurie A. Babinski |
officer: General Counsel and Secretary |
C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740 |
| Wendy Thomas |
director |
C/O SECUREWORKS CORP., ONE CONCOURSE PARKWAY NE, SUITE 500, ATLANTA GA 30328 |
| Kathryn K. Chou |
director |
C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740 |
| New Enterprise Associates 15, L.p. |
10 percent owner |
1954 GREENSPRING DRIVE, SUITE 600, TIMONIUM MD 21093 |
| Gv 2016 Gp, L.l.c. |
10 percent owner |
1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW MA 94043 |
| Inder M Singh |
director |
C/O UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422 |
| Harry L. You |
director, 10 percent owner, officer: Chairman |
EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
| 2019, L.p. Gv |
10 percent owner |
1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043 |
| Gv 2019 Gp, L.p. |
10 percent owner |
1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043 |
| Gv 2019 Gp, L.l.c. |
10 percent owner |
1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043 |
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