What is Singlepoint Inc's earnings per share (EPS)?

Singlepoint Inc (SING) reported diluted earnings per share of -$3.58 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Singlepoint Inc Financials

SING

FY2024 annual

Revenue $20.3M -22.9% YoY

Net Income -$28.9M -59.0% YoY

EPS (Diluted) -$3.58 YoY not available

Free Cash Flow -$2.7M +29.1% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2024, ended Dec 31, 2024 Reported Sep 10, 2025 Currency USD FYE December

Singlepoint Inc (SING) reported $20.3M in revenue for fiscal year 2024, down 22.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SING FY2024 2026-08-15

SinglePoint's better gross margins are being swamped by asset shrinkage and a business still financed from outside cash.

FY2024's deeper operating loss does not read like a simple sales slowdown: gross margin widened to 36.5% from 27.3% even as revenue fell, pointing to better mix or direct-cost control rather than weaker unit economics. At the same time, goodwill was eliminated and total assets shrank by 82.3%; paired with operating cash flow improving to -$2.6M, that makes the accounting loss look more like a balance-sheet reset layered on top of an unprofitable business.

The near-term funding posture is tight: current assets were only 0.1x current liabilities in FY2024, leaving little buffer for payables and other short-term obligations. With operating cash flow of -$2.6M and financing inflow of $2.2M, cash needs are still being covered externally rather than by customers.

FY2024 gross profit held roughly steady at $7.4M even though revenue fell, so the problem was not a collapse in direct economics. Because free cash flow stayed close to operating cash flow at -$2.7M, the drain is mainly operating in nature, which points to an operational cash problem more than an expansion-spending problem.

Financial Health Signals

Financial health score not available

Singlepoint Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-82.08

Singlepoint Inc scores -82.08, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($8K) relative to total liabilities ($19.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Singlepoint Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Singlepoint Inc reported a net loss of $28.9M while operations used $2.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Singlepoint Inc reported an operating loss of $20.0M against $514K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$20.3M

YoY-22.9%

5Y CAGR+43.4%

Singlepoint Inc generated $20.3M in revenue in fiscal year 2024. This represents a decrease of 22.9% from the prior year.

EBITDA

-$19.5M

YoY-26.9%

Singlepoint Inc's EBITDA was -$19.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 26.9% from the prior year.

Net Income

-$28.9M

YoY-59.0%

Singlepoint Inc reported -$28.9M in net income in fiscal year 2024. This represents a decrease of 59.0% from the prior year.

EPS (Diluted)

-$3.58

Singlepoint Inc earned -$3.58 per diluted share (EPS) in fiscal year 2024.

Cash & Balance Sheet

Free Cash Flow

-$2.7M

YoY+29.1%

Singlepoint Inc recorded an outflow of $2.7M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents an increase of 29.1% from the prior year.

Cash & Debt

$295K

YoY-61.1%

5Y CAGR+21.8%

Singlepoint Inc held $295K in cash against $0 in long-term debt as of fiscal year 2024, with $18.0M of liabilities due within a year.

Dividends Per Share

Not reported for fiscal year 2024.

Shares Outstanding

Not reported for fiscal year 2024.

Margins & Returns

Gross Margin

36.5%

YoY+9.2pp

5Y CAGR+6.9pp

Singlepoint Inc's gross margin was 36.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 9.2 percentage points from the prior year.

Operating Margin

-98.7%

YoY-37.6pp

Singlepoint Inc's operating margin was -98.7% in fiscal year 2024, reflecting core business profitability. This is down 37.6 percentage points from the prior year.

Net Margin

Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for fiscal year 2024.

Capital Allocation

Capital Expenditures

$44K

YoY-58.3%

Singlepoint Inc invested $44K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 58.3% from the prior year.

R&D Spending

Not reported for fiscal year 2024.

Share Buybacks

Not reported for fiscal year 2024.

SING Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SING quarterly income statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	$20.3M-22.9%	$26.3M+20.8%	$21.8M+2593.3%	$809K-71.9%	$2.9M-13.9%	$3.3M+189.6%	$1.2M+344.7%	$260K
Cost of Revenue	$12.3M-34.3%	$18.6M+20.6%	$15.5M+1998.6%	$737K-66.6%	$2.2M-6.3%	$2.4M+165.3%	$887K+282.6%	$232K
Gross Profit	$7.4M+3.2%	$7.2M+13.4%	$6.3M+8665.5%	$72K-89.3%	$674K-32.0%	$991K+270.0%	$268K+862.8%	$28K
SG&A Expenses	$4.8M-79.2%	$23.3M+77.4%	$13.1M+161.8%	$5.0M+60.9%	$3.1M-42.5%	$5.4M+47.4%	$3.7M+1261.8%	$270K
Operating Income	-$20.0M-24.5%	-$16.1M-137.1%	-$6.8M-37.5%	-$4.9M-49.6%	-$3.3M+39.6%	-$5.5M+5.2%	-$5.8M	N/A
Interest Expense	$514K-65.2%	$1.5M+530.9%	$234K+53.4%	$153K-68.3%	$482K+22.5%	$394K+347.8%	-$159K-128.6%	$556K
Income Tax	N/A	$0	$0	$0	N/A	N/A	N/A	N/A
Net Income	-$28.9M-59.0%	-$18.2M-97.7%	-$9.2M-71.3%	-$5.4M-20.9%	-$4.4M+44.9%	-$8.1M	N/A	N/A
EPS (Diluted)	-$3.58	-$2681.62	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Revenue	$5.2M-6.9%	$5.5M+1.7%	$5.4M+31.7%	$4.1M-25.3%	$5.5M-19.9%	$6.9M-15.1%	$8.1M+42.5%	$5.7M
Cost of Revenue	$2.9M-5.3%	$3.0M-25.0%	$4.1M+77.4%	$2.3M-46.7%	$4.3M-11.6%	$4.8M-11.0%	$5.4M+34.0%	$4.1M
Gross Profit	$1.7M-34.0%	$2.5M+79.1%	$1.4M-24.6%	$1.9M+146.3%	$752K-63.6%	$2.1M-23.4%	$2.7M+63.4%	$1.7M
SG&A Expenses	-$8.8M-354.3%	$3.5M-42.1%	$6.0M+42.4%	$4.2M-39.0%	$6.9M+117.0%	$3.2M-1.6%	$3.2M-67.6%	$10.0M
Operating Income	-$12.1M-1154.8%	-$966K+79.0%	-$4.6M-95.2%	-$2.4M+61.7%	-$6.1M-453.9%	-$1.1M-110.7%	-$526K+93.7%	-$8.3M
Interest Expense	$111K-9.1%	$122K-22.0%	$157K+26.2%	$124K-59.7%	$308K-16.8%	$370K+7.1%	$346K-23.6%	$453K
Income Tax	N/A	N/A	N/A	$0	$0	$0	$0	$0
Net Income	-$11.7M-158.8%	-$4.5M+54.3%	-$9.9M-245.9%	-$2.9M+58.6%	-$6.9M-443.5%	-$1.3M+5.2%	-$1.3M+84.6%	-$8.7M
EPS (Diluted)	$5.41+751.8%	-$0.83-101.8%	$45.97+12524.3%	-$0.37	-$2126.97	-$541.02-109.9%	$5461.23	-$719.12

Not reported in any period shown, so not listed: R&D Expenses.

SING Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SING quarterly balance sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$3.0M-82.3%	$17.3M-9.8%	$19.1M+707.4%	$2.4M-18.8%	$2.9M+20.4%	$2.4M+1583.4%	$144K-91.4%	$1.7M
Current Assets	$1.4M-73.8%	$5.4M-22.7%	$7.0M+1247.1%	$517K+91.5%	$270K+4.5%	$258K+208.2%	$84K-91.0%	$931K
Cash & Equivalents	$295K-61.1%	$759K+34.4%	$564K+194.7%	$191K-3.5%	$198K+80.2%	$110K+60.1%	$69K-92.5%	$915K
Inventory	$0-100.0%	$1.8M-26.0%	$2.5M+3432.2%	$70K+10.7%	$63K-15.0%	$75K+47456.1%	$157-99.0%	$15K
Accounts Receivable	$912K-15.3%	$1.1M-64.5%	$3.0M+3242.8%	$91K+2594.9%	$3K-93.2%	$49K+723.3%	$6K	N/A
Goodwill	$0-100.0%	$7.2M0.0%	$7.2M+323.0%	$1.7M-10.1%	$1.9M-3.7%	$2.0M	N/A	$362K
Total Liabilities	$19.7M+20.3%	$16.4M-42.4%	$28.4M+373.5%	$6.0M-1.7%	$6.1M-11.8%	$6.9M+38.3%	$5.0M+104.8%	$2.4M
Current Liabilities	$18.0M+20.2%	$15.0M-30.6%	$21.6M+866.5%	$2.2M-62.3%	$5.9M-13.4%	$6.8M+51.5%	$4.5M+213.3%	$1.4M
Long-Term Debt	$0-100.0%	$346K	N/A	N/A	N/A	$2.1M	N/A	N/A
Total Equity	-$16.7M-1436.9%	$1.2M+113.4%	-$9.3M-156.1%	-$3.6M-13.8%	-$3.2M+29.1%	-$4.5M+7.3%	-$4.9M-523.9%	-$780K
Retained Earnings	-$131.6M-28.2%	-$102.6M-7.8%	-$95.2M-10.5%	-$86.2M-6.7%	-$80.8M-5.3%	-$76.8M-11.5%	-$68.8M-13.2%	-$60.8M

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Total Assets	$3.0M-79.3%	$14.7M-2.6%	$15.1M-9.2%	$16.7M-3.4%	$17.3M-10.6%	$19.3M-1.8%	$19.7M	N/A
Current Assets	$1.4M-59.0%	$3.4M-7.2%	$3.7M-26.1%	$5.0M-6.8%	$5.4M-26.7%	$7.3M-4.7%	$7.7M	N/A
Cash & Equivalents	$295K+354.2%	$65K-74.4%	$254K-52.4%	$534K-29.6%	$759K+73.1%	$438K-2.8%	$451K-9.3%	$497K
Inventory	$0-100.0%	$700K-6.3%	$747K+13.8%	$657K-64.2%	$1.8M-38.6%	$3.0M-5.6%	$3.2M	N/A
Accounts Receivable	$912K-50.8%	$1.9M+21.5%	$1.5M-11.7%	$1.7M+60.5%	$1.1M-52.1%	$2.2M-11.1%	$2.5M	N/A
Goodwill	$0-100.0%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M	N/A
Total Liabilities	$19.7M-2.5%	$20.2M+8.4%	$18.6M+16.2%	$16.0M-2.0%	$16.4M-49.9%	$32.7M+2.3%	$31.9M	N/A
Current Liabilities	$18.0M-5.6%	$19.1M+9.6%	$17.4M+17.9%	$14.8M-1.5%	$15.0M-43.2%	$26.4M+4.0%	$25.4M	N/A
Long-Term Debt	$0	N/A	N/A	N/A	$346K	N/A	N/A	N/A
Total Equity	-$16.7M-169.1%	-$6.2M-46.5%	-$4.2M-4019.5%	-$102K-108.2%	$1.2M+109.3%	-$13.4M-8.9%	-$12.3M-10.3%	-$11.1M
Retained Earnings	-$131.6M-9.8%	-$119.8M-3.9%	-$115.3M-9.4%	-$105.4M-2.7%	-$102.6M-2.4%	-$100.2M-1.4%	-$98.9M	N/A

SING Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SING quarterly cash flow statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	-$2.6M+28.3%	-$3.6M+12.5%	-$4.2M+13.8%	-$4.8M-147.1%	-$2.0M-9.4%	-$1.8M-9.0%	-$1.6M-68.9%	-$971K
Capital Expenditures	$44K-58.3%	$106K+14.0%	$93K+371.7%	$20K	$0	N/A	N/A	N/A
Free Cash Flow	-$2.7M+29.1%	-$3.8M+11.9%	-$4.3M+12.2%	-$4.9M-148.1%	-$2.0M	N/A	N/A	N/A
Investing Cash Flow	-$54K+69.1%	-$175K+88.5%	-$1.5M-3305.5%	-$45K-278.8%	$25K	$0+100.0%	-$210K+32.3%	-$310K
Financing Cash Flow	$2.2M-45.1%	$4.0M-33.7%	$6.1M+24.5%	$4.9M+141.2%	$2.0M+10.4%	$1.8M+82.2%	$1.0M-44.7%	$1.8M

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Operating Cash Flow	-$49K+81.3%	-$262K+83.7%	-$1.6M-133.7%	-$690K+77.7%	-$3.1M-222965.7%	$1K+107.9%	-$18K+96.7%	-$539K
Capital Expenditures	-$6K-83.2%	$37K	$0-100.0%	$13K-66.2%	$39K+154.8%	$15K+9192.7%	-$164-99.7%	$52K
Free Cash Flow	-$55K+81.5%	-$300K+81.4%	-$1.6M-129.3%	-$703K+77.5%	-$3.1M-22494.2%	-$14K+21.7%	-$18K+97.0%	-$591K
Investing Cash Flow	$6K+116.8%	-$37K	$0+100.0%	-$23K+52.6%	-$49K-167.7%	-$18K+67.6%	-$56K-8.3%	-$52K
Financing Cash Flow	$273K+146.0%	$111K-91.7%	$1.3M+172.9%	$489K-85.9%	$3.5M+82922.4%	$4K-85.0%	$28K-94.7%	$524K

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

SING Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

SING quarterly financial ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	36.5%+9.2pp	27.3%-1.8pp	29.0%+20.1pp	8.9%-14.5pp	23.4%-6.2pp	29.6%+6.4pp	23.2%+12.5pp	10.7%
Operating Margin	-98.7%-37.6pp	-61.1%-30.0pp	-31.1%	-610.0%	-114.6%	-163.4%	-499.1%	N/A
Net Margin	-142.7%	-69.1%-26.9pp	-42.2%	-664.2%	-154.4%	-241.3%	N/A	N/A
Return on Equity	N/A	-1460.4%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-950.1%-844.7pp	-105.5%-57.3pp	-48.1%+178.8pp	-226.9%-74.5pp	-152.4%+180.8pp	-333.2%	N/A	N/A
Current Ratio	0.08-0.3x	0.360.0x	0.32+0.1x	0.23+0.2x	0.050.0x	0.040.0x	0.02-0.6x	0.65
Debt-to-Equity	N/A	0.28	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	-13.1%+1.2pp	-14.3%+5.3pp	-19.5%	-599.7%	-67.9%	N/A	N/A	N/A

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Gross Margin	32.0%-13.1pp	45.1%+19.5pp	25.6%-19.1pp	44.8%+31.2pp	13.6%-16.3pp	29.9%-3.2pp	33.1%+4.2pp	28.9%
Operating Margin	-234.9%	-17.4%+66.8pp	-84.2%-27.4pp	-56.9%	-110.9%	-16.0%-9.6pp	-6.5%	-145.4%
Net Margin	-226.4%	-81.5%	-181.4%	-69.1%	-124.8%	-18.4%-1.9pp	-16.4%	-151.7%
Return on Equity	N/A	N/A	N/A	N/A	-554.5%	N/A	N/A	N/A
Return on Assets	-383.6%-353.0pp	-30.6%+34.6pp	-65.3%-48.1pp	-17.1%+22.9pp	-40.0%-33.4pp	-6.6%+0.2pp	-6.8%	N/A
Current Ratio	0.08-0.1x	0.180.0x	0.21-0.1x	0.340.0x	0.36+0.1x	0.280.0x	0.30	N/A
Debt-to-Equity	N/A	N/A	N/A	N/A	0.28	N/A	N/A	N/A
FCF Margin	-1.1%+4.3pp	-5.4%+24.2pp	-29.6%-12.6pp	-17.0%+39.5pp	-56.5%-56.3pp	-0.2%0.0pp	-0.2%+10.1pp	-10.3%

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Note: Shareholder equity is negative (-$16.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.08), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where Singlepoint Inc Ranks

Frequently Asked Questions

What is Singlepoint Inc's annual revenue?

Singlepoint Inc (SING) reported $20.3M in total revenue for fiscal year 2024. This represents a -22.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Singlepoint Inc's revenue growing?

Singlepoint Inc (SING) revenue declined by 22.9% year-over-year, from $26.3M to $20.3M in fiscal year 2024.

Is Singlepoint Inc profitable?

No, Singlepoint Inc (SING) reported a net income of -$28.9M in fiscal year 2024.

What is Singlepoint Inc's EBITDA?

Singlepoint Inc (SING) had EBITDA of -$19.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Singlepoint Inc have?

As of fiscal year 2024, Singlepoint Inc (SING) had $295K in cash and equivalents against $0 in long-term debt.

What is Singlepoint Inc's gross margin?

Singlepoint Inc (SING) had a gross margin of 36.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Singlepoint Inc's operating margin?

Singlepoint Inc (SING) had an operating margin of -98.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Singlepoint Inc's free cash flow?

Singlepoint Inc (SING) recorded an outflow of $2.7M in free cash flow during fiscal year 2024. This represents a 29.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Singlepoint Inc's operating cash flow?

Singlepoint Inc (SING) recorded an outflow of $2.6M in operating cash flow during fiscal year 2024, representing cash used by core business activities.

What are Singlepoint Inc's total assets?

Singlepoint Inc (SING) had $3.0M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Singlepoint Inc's capital expenditures?

Singlepoint Inc (SING) invested $44K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

What is Singlepoint Inc's current ratio?

Singlepoint Inc (SING) had a current ratio of 0.08 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Singlepoint Inc's return on assets (ROA)?

Singlepoint Inc (SING) had a return on assets of -950.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

How does Singlepoint Inc's liquidity compare with its operating cash outflow?

At the end of fiscal year 2024, Singlepoint Inc (SING) held $295K in cash, cash equivalents and investments, and reported an operating cash outflow of $2.6M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Why is Singlepoint Inc's debt-to-equity ratio negative or not reported?

Singlepoint Inc (SING) has negative shareholder equity of -$16.7M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Singlepoint Inc's Altman Z-Score?

Singlepoint Inc (SING) has an Altman Z-Score of -82.08, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Singlepoint Inc's Piotroski F-Score?

Singlepoint Inc (SING) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Singlepoint Inc's earnings high quality?

Singlepoint Inc (SING) reported a net loss of $28.9M while operations used $2.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Singlepoint Inc cover its interest payments?

Singlepoint Inc (SING) reported an operating loss of $20.0M against $514K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.