Fat Projects Acquisition (Fat Projects Acquisition) Interest Expense : $-0.43 Mil (TTM As of Jun. 2023)

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What is Fat Projects Acquisition Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fat Projects Acquisition's interest expense for the three months ended in Jun. 2023 was $ -0.31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.43 Mil.

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. Fat Projects Acquisition's Operating Income for the three months ended in Jun. 2023 was $ -0.48 Mil. Fat Projects Acquisition's Interest Expense for the three months ended in Jun. 2023 was $ -0.31 Mil. Fat Projects Acquisition did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Fat Projects Acquisition Interest Expense Historical Data

The historical data trend for Fat Projects Acquisition's Interest Expense 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.

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Fat Projects Acquisition Interest Expense Chart

Fat Projects Acquisition Annual Data

Trend

Dec21

Dec22

Interest Expense

Fat Projects Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial				-	-	-	-0.12	-0.31

Fat Projects Acquisition Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.43 Mil.

Fat Projects Acquisition (NAS:FATP) Interest Expense Explanation

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

Fat Projects Acquisition's Interest Expense for the three months ended in Jun. 2023 was $-0.31 Mil. Its Operating Income for the three months ended in Jun. 2023 was $-0.48 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was $0.00 Mil.

Fat Projects Acquisition's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Fat Projects Acquisition did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Fat Projects Acquisition (Fat Projects Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fat Projects Acquisition Corp (NAS:FATP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

27 Bukit Manis Road, Sentosa Golf Club, Singapore, SGP, 099892

Website

https://www.fatprojectscorp.com

Fat Projects Acquisition Corp is a blank check company.

Executives

David E Shaw	10 percent owner	120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
D. E. Shaw Valence Portfolios, L.l.c.	10 percent owner	120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.p.	10 percent owner	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.l.c.	10 percent owner	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
Aqr Capital Management Holdings, Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Fat Projects International Investments & Holdings Ltd	10 percent owner	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Aqr Capital Management Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Arbitrage Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Fat Projects Spac Pte. Ltd.	10 percent owner	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Stan Sugarman	director	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Tristan Lo	director, 10 percent owner, officer: Co-Chief Executive Officer	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Tina Wyer	director	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Nils Michaelis	officer: President, COO, Head of M&A	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Samir Addamine	director	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892