OceanTech Acquisitions I (OceanTech Acquisitions I) FCF Yield % : -2.16 (As of Apr. 28, 2024)

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What is OceanTech Acquisitions I FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, OceanTech Acquisitions I's Trailing 12-Month Free Cash Flow is $-0.89 Mil, and Market Cap is $41.10 Mil. Therefore, OceanTech Acquisitions I's FCF Yield % for today is -2.16%.

The historical rank and industry rank for OceanTech Acquisitions I's FCF Yield % or its related term are showing as below:

OTAC' s FCF Yield % Range Over the Past 10 Years
Min: -2.16 Med: 0 Max: 0
Current: -2.16

OTAC's FCF Yield % is not ranked
in the Diversified Financial Services industry.
Industry Median: -1.54 vs OTAC: -2.16

OceanTech Acquisitions I's FCF Margin % for the quarter that ended in Dec. 2023 was 0.00%.

OceanTech Acquisitions I FCF Yield % Historical Data

The historical data trend for OceanTech Acquisitions I's FCF Yield % 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.

* Premium members only.

OceanTech Acquisitions I FCF Yield % Chart

OceanTech Acquisitions I Annual Data

Trend

Dec21

Dec22

Dec23

FCF Yield %

-1.20

-2.23

OceanTech Acquisitions I Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
FCF Yield %	Get a 7-Day Free Trial							0.25	-0.59	-4.73	-2.11	-1.65

Competitive Comparison of OceanTech Acquisitions I's FCF Yield %

For the Shell Companies subindustry, OceanTech Acquisitions I's FCF Yield %, along with its competitors' market caps and FCF Yield % 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.

OceanTech Acquisitions I's FCF Yield % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, OceanTech Acquisitions I's FCF Yield % distribution charts can be found below:

* The bar in red indicates where OceanTech Acquisitions I's FCF Yield % falls into.

OceanTech Acquisitions I FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

OceanTech Acquisitions I's FCF Yield % for the fiscal year that ended in Dec. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	/	Market Cap
	=	-0.887	/	39.696398
	=	-2.23%

OceanTech Acquisitions I's annualized FCF Yield % for the quarter that ended in Dec. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	-0.164	*	4	/	39.696398
	=	-1.65%

OceanTech Acquisitions I FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

OceanTech Acquisitions I FCF Yield % Related Terms

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OceanTech Acquisitions I (OceanTech Acquisitions I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » OceanTech Acquisitions I Corp (OTCPK:OTAC) » Definitions » FCF Yield %

Comparable Companies

Traded in Other Exchanges

N/A

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.

Executives

Knuettel Ii Francis	officer: Chief Financial Officer	205 NEWBURY ST, SUITE 204, FRAMINGHAM MA 01701
Aspire Acquistion Llc	10 percent owner	515 MADISON AVE., SUITE 8078, NEW YORK NY 10022
Srinivasan Venkatesh	director	2 CEDAR GATE COURT, LIVINGSTON NJ 07039
Siva Saravanan	director	334 REZZO STREET, LAS VEGAS NV 89138
Donald G. Fell	director	17537 DARBY LANE, LUTZ FL 33558
Michael L Peterson	director	17 CANARY COURT, DANVILLE CA 94526
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
Mitchell I Gordon	director	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Philippe Franchet	director	C/O OCEANTECH ACQUISITONS I CORP, 515 MADISON AVENUE, NEW YORK X1 1002
Ken Hickling	officer: Chief Operations Officer	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE, 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Charles Baumgartner	officer: Chief Financial Officer	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Joseph Adir	director, 10 percent owner, officer: Chief Executive Officer	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Eric Blair	director	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022
Oceantech Acquisitions I Sponsors Llc	10 percent owner	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE, 8TH FLOOR - SUITE8133, NEW YORK NY 10022