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Carney Technology Acquisition II (Carney Technology Acquisition II) Interest Coverage : N/A (As of Sep. 2022)


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What is Carney Technology Acquisition II 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. Carney Technology Acquisition II's Operating Income for the three months ended in Sep. 2022 was $-0.28 Mil. Carney Technology Acquisition II's Interest Expense for the three months ended in Sep. 2022 was $0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. 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 Carney Technology Acquisition II's Interest Coverage or its related term are showing as below:


CTAQU'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.


Carney Technology Acquisition II Interest Coverage Historical Data

The historical data trend for Carney Technology Acquisition II'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.

Carney Technology Acquisition II Interest Coverage Chart

Carney Technology Acquisition II Annual Data
Trend Dec20 Dec21
Interest Coverage
No Debt No Debt

Carney Technology Acquisition II Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Interest Coverage Get a 7-Day Free Trial Premium Member Only No Debt No Debt N/A N/A N/A

Competitive Comparison of Carney Technology Acquisition II's Interest Coverage

For the Shell Companies subindustry, Carney Technology Acquisition II'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.


Carney Technology Acquisition II's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Carney Technology Acquisition II's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Carney Technology Acquisition II's Interest Coverage falls into.



Carney Technology Acquisition II 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.

Carney Technology Acquisition II's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Carney Technology Acquisition II's Interest Expense was $0.00 Mil. Its Operating Income was $-1.36 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Carney Technology Acquisition II had no debt (1).

Carney Technology Acquisition II's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Here, for the three months ended in Sep. 2022, Carney Technology Acquisition II's Interest Expense was $0.00 Mil. Its Operating Income was $-0.28 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.09 Mil.

GuruFocus does not calculate Carney Technology Acquisition II'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.


Carney Technology Acquisition II  (NAS:CTAQU) 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 .


Carney Technology Acquisition II Interest Coverage Related Terms

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Carney Technology Acquisition II (Carney Technology Acquisition II) Business Description

Traded in Other Exchanges
N/A
Address
630 Ramona Street, Palo Alto, CA, USA, 94301
Website
Carney Technology Acquisition Corp II is a blank check company.
Executives
Lloyd Carney officer: Chief Acquisition Officer C/O MICROMUSE INC, 139 TOWNSEND ST, SAN FRANCISCO CA 94107
Steven C. Fletcher 10 percent owner C/O LEE ENTERPRISES, INCORPORATED, 4600 EAST 53RD STREET, DAVENPORT IA 52807
David Earle Roberson director, officer: CEO, CFO & COB
Carol Goode director SAIC, 12010 SUNSET HILLS RD, RESTON VA 20190
Explorer Parent Llc 10 percent owner 533 AIRPORT BOULEVARD, SUITE 400, BURLINGAME CA 94012
Founder Holdings Llc 10 percent owner 533 AIRPORT BOULEVARD, SUITE 400, BURLINGAME CA 94012
Alex Serge Vieux 10 percent owner C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749
Robert S Ferrell director 5924 CRANBROOK WAY, STE 101, NAPLES FL 34112
Ellen Odonnell director 139 TOWNSEND STREET, SAN FRANCISCO CA 94107
Gale E. England director, officer: President and Director 130 HOLGER WAY, SAN JOSE CA 95134
Carney Technology Sponsor Ii Llc 10 percent owner 533 AIRPORT BLVD SUITE 400, BURLINGAME CA 94010