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WinVest Acquisition (WinVest Acquisition) Interest Coverage : No Debt (1) (As of Mar. 2024)


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What is WinVest Acquisition 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. WinVest Acquisition's Operating Income for the three months ended in Mar. 2024 was $-0.23 Mil. WinVest Acquisition's Interest Expense for the three months ended in Mar. 2024 was $0.00 Mil. WinVest Acquisition 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 WinVest Acquisition's Interest Coverage or its related term are showing as below:


WINV'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.


WinVest Acquisition Interest Coverage Historical Data

The historical data trend for WinVest Acquisition'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.

WinVest Acquisition Interest Coverage Chart

WinVest Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
No Debt No Debt -

WinVest Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt - No Debt

Competitive Comparison of WinVest Acquisition's Interest Coverage

For the Shell Companies subindustry, WinVest Acquisition'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.


WinVest Acquisition's Interest Coverage Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where WinVest Acquisition's Interest Coverage falls into.



WinVest Acquisition 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.

WinVest Acquisition'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, WinVest Acquisition's Interest Expense was $-0.01 Mil. Its Operating Income was $-1.77 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

WinVest Acquisition did not have earnings to cover the interest expense.

WinVest Acquisition's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, WinVest Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-0.23 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

WinVest Acquisition 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.


WinVest Acquisition  (NAS:WINV) 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 .


WinVest Acquisition Interest Coverage Related Terms

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WinVest Acquisition (WinVest Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
125 Cambridgepark Drive, Suite 301, Cambridge, MA, USA, 02140
Website
WinVest Acquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
Executives
Jeff Leblanc 10 percent owner 125 CAMBRIDGEPARK DRIVE, SUITE 301, CAMBRIDGE MA 02140
Barrie R. Zesiger director 125 CAMBRIDGEPARK DRIVE, SUITE 301, CAMBRIDGE MA 02140
Owl Creek Asset Management, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Edward J Mcgowan director C/O AKAMAI TECHNOLOGIES, INC., 150 BROADWAY, CAMBRIDGE MA 02142
Lawrence S Kramer director
Winvest Spac Llc 10 percent owner 125 CAMBRIDGEPARK DRIVE, SUITE 301, CAMBRIDGE MA 02140
Manish Jhunjhunwala director, officer: CEO & CFO 125 CAMBRIDGEPARK DRIVE, SUITE 301, CAMBRIDGE MA 02140
Martin A. Schmidt director 125 CAMBRIDGEPARK DRIVE, SUITE 301, CAMBRIDGE MA 02140
Alex Paul Pentland director 125 CAMBRIDGEPARK DRIVE, SUITE 301, CAMBRIDGE MA 02140
Alok R. Prasad director 125 CAMBRIDGEPARK DRIVE, SUITE 301, CAMBRIDGE MA 02140
Mark Madden director, officer: Chief Strategy Officer 125 CAMBRIDGEPARK DRIVE, SUITE 301, CAMBRIDGE MA 02140
Elias Mendoza director 125 CAMBRIDGEPARK DRIVE, SUITE 301, CAMBRIDGE MA 02140

WinVest Acquisition (WinVest Acquisition) Headlines

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