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Chain Bridge I (Chain Bridge I) Interest Coverage : No Debt (1) (As of Dec. 2023)


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What is Chain Bridge I 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. Chain Bridge I's Operating Income for the three months ended in Dec. 2023 was $-0.10 Mil. Chain Bridge I's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Chain Bridge I has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Chain Bridge I's Interest Coverage or its related term are showing as below:


CBRG's Interest Coverage is not ranked *
in the Diversified Financial Services industry.
Industry Median: No Debt
* 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.


Chain Bridge I Interest Coverage Historical Data

The historical data trend for Chain Bridge I'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.

* Premium members only.

Chain Bridge I Interest Coverage Chart

Chain Bridge I Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
- N/A No Debt

Chain Bridge I Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A No Debt

Competitive Comparison of Chain Bridge I's Interest Coverage

For the Shell Companies subindustry, Chain Bridge I'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.


Chain Bridge I's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Chain Bridge I's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Chain Bridge I's Interest Coverage falls into.



Chain Bridge I 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.

Chain Bridge I'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, Chain Bridge I's Interest Expense was $0.00 Mil. Its Operating Income was $-1.30 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Chain Bridge I had no debt (1).

Chain Bridge I's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Chain Bridge I's Interest Expense was $0.00 Mil. Its Operating Income was $-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Chain Bridge I had no debt (1).

* 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.


Chain Bridge I  (NAS:CBRG) 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 .


Chain Bridge I Interest Coverage Related Terms

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


Chain Bridge I (Chain Bridge I) Business Description

Traded in Other Exchanges
N/A
Address
330 Primrose Road, Suite 500, Burlingame, CA, USA, 94010
Chain Bridge I is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Michael J Morell director 200 INNOVATION WAY, AKRON OH 44316
Nathaniel C. Fick director C/O STRAYER EDUCATION, 2303 DULLES STATION BLVD., HERNDON VA 20171
Letitia A Long director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Stephen C Bowsher 10 percent owner 1525 BAY LAUREL DRIVE, MENLO PARK CA 94025
Bridge Group Chain 10 percent owner 100 EL CAMINO REAL, GROUND SUITE, BURLINGAME CA 94010
Michael Rolnick director, 10 percent owner, officer: Chief Executive Officer 100 ELCAMINO REAL, GROUND SUITE, BURLINGAME CA 94010
Christopher Darby director, 10 percent owner 100 EL CAMINO REAL, GROUND SUITE, BURLINGAME CA 94010
Roger Lazarus officer: Chief Financial Officer 100 EL CAMINO REAL, GROUND SUITE, BURLINGAME CA 94010

Chain Bridge I (Chain Bridge I) Headlines