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Perception Capital III (Perception Capital III) Interest Coverage : No Debt (1) (As of Dec. 2023)


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What is Perception Capital III 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. Perception Capital III's Operating Income for the three months ended in Dec. 2023 was $-1.14 Mil. Perception Capital III's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Perception Capital III 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 Perception Capital III's Interest Coverage or its related term are showing as below:

PFTA' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


PFTA's Interest Coverage is ranked better than
99.76% of 422 companies
in the Diversified Financial Services industry
Industry Median: No Debt vs PFTA: No Debt

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Perception Capital III Interest Coverage Historical Data

The historical data trend for Perception Capital III'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.

Perception Capital III Interest Coverage Chart

Perception Capital III Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
No Debt No Debt No Debt

Perception Capital III Quarterly Data
Mar21 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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Perception Capital III's Interest Coverage

For the Shell Companies subindustry, Perception Capital III'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.


Perception Capital III's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Perception Capital III's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Perception Capital III's Interest Coverage falls into.



Perception Capital III 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.

Perception Capital III'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, Perception Capital III's Interest Expense was $0.00 Mil. Its Operating Income was $-3.29 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Perception Capital III had no debt (1).

Perception Capital III's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Perception Capital III's Interest Expense was $0.00 Mil. Its Operating Income was $-1.14 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Perception Capital III 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.


Perception Capital III  (NAS:PFTA) 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 .


Perception Capital III Interest Coverage Related Terms

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


Perception Capital III (Perception Capital III) Business Description

Traded in Other Exchanges
N/A
Address
3109 W 50th Street, No. 207, Minneapolis, MN, USA, 55410
Perception Capital Corp III is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.
Executives
John P Stanfield officer: Chief Financial Officer 9440 SANTA MONICA BLVD., SUITE 301, BEVERLY HILLS CA 90210
Campbell Corey 10 percent owner, officer: Chief Financial Officer C/O PERCEPTION CAPITAL CORP. II, 315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Karrie Willis director C/O PERCEPTION CAPITAL CORP. II, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Sheridan James J. Iii 10 percent owner, officer: Co-President C/O PERCEPTION CAPITAL CORP. II, 315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Thomas J. Abood director 2415 ANNAPOLIS LANE, SUITE 100, PLYMOUTH MN 55441
Tao Tan 10 percent owner, officer: Co-President 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814
Rick Gaenzle director, 10 percent owner, officer: Chief Executive Officer 1601 BRYAN STREET, SUITE 4141, DALLAS TX 75201
Scott Honour director 10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Rudolph R Reinfrank director C/O ONS ACQUISITION, 407 N. MAPLE DRIVE, GROUND FLOOR, BEVERLY HILLS CA 90210
George Thompson Hutton director C/O WHITE MOUNTAINS INSURANCE GROUP, LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755
Seraina Macia director 175 WATER STREET, NEW YORK NY 10038
Harvey Stuart C. Jr director C/O TRUSTWAVE HOLDINGS, INC., 70 W. MADISON, SUITE 1050, CHICAGO IL 60602
Iii Paul Desmarais director 325 GREENWICH AVENUE, GREENWICH CT 06830
Pfta I Lp 10 percent owner 161 BAY STREET, SUITE 5000, TORONTO A6 M5J 2S1
Pfta I Gp Inc. 10 percent owner 161 BAY STREET, SUITE 5000, TORONTO A6 M5J 2S1