OceanTech Acquisitions I (OceanTech Acquisitions I) Interest Expense : $-0.13 Mil (TTM As of Mar. 2024)

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What is OceanTech Acquisitions I Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OceanTech Acquisitions I's interest expense for the three months ended in Mar. 2024 was $ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.13 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. OceanTech Acquisitions I's Operating Income for the three months ended in Mar. 2024 was $ -0.71 Mil. OceanTech Acquisitions I's Interest Expense for the three months ended in Mar. 2024 was $ -0.05 Mil. OceanTech Acquisitions I 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.

OceanTech Acquisitions I Interest Expense Historical Data

The historical data trend for OceanTech Acquisitions I'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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OceanTech Acquisitions I Interest Expense Chart

OceanTech Acquisitions I Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.08

OceanTech Acquisitions I Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial								-0.46	-0.01	-0.03	-0.04	-0.05

OceanTech Acquisitions I 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.13 Mil.

OceanTech Acquisitions I (NAS:OTECW) 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.

OceanTech Acquisitions I's Interest Expense for the three months ended in Mar. 2024 was $-0.05 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

OceanTech Acquisitions I's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

OceanTech Acquisitions I did not have earnings to cover the interest expense.

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

OceanTech Acquisitions I (OceanTech Acquisitions I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » OceanTech Acquisitions I Corp (NAS:OTECW) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

OTEC:USA

Address

515 Madison Avenue, 8th Floor - Suite 8133, New York, NY, USA, 10022

Website

OceanTech Acquisitions I Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.