MCAC (Monterey Capital Acquisition) Interest Expense : $0.00 Mil (TTM As of Mar. 2024)

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What is Monterey Capital Acquisition Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Monterey Capital Acquisition's interest expense for the three months ended in Mar. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $0.00 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. Monterey Capital Acquisition's Operating Income for the three months ended in Mar. 2024 was $ -0.86 Mil. Monterey Capital Acquisition's Interest Expense for the three months ended in Mar. 2024 was $ 0.00 Mil. Monterey Capital Acquisition has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term 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.

Monterey Capital Acquisition Interest Expense Historical Data

The historical data trend for Monterey Capital 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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Monterey Capital Acquisition Interest Expense Chart

Monterey Capital Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

Monterey Capital Acquisition Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial					-	-	-	-	-

Monterey Capital 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Monterey Capital Acquisition (NAS:MCAC) 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.

Monterey Capital Acquisition's Interest Expense for the three months ended in Mar. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.86 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

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

Monterey Capital Acquisition had no long-term debt ⁽¹⁾.

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

Monterey Capital Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Monterey Capital Acquisition Corp (NAS:MCAC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

419 Webster Street, Monterey, CA, USA, 93940

Website

https://www.montereycap.com

Monterey Capital Acquisition Corp is a blank check company.

Executives

Stephen Markscheid	director	C/O ENER-CORE, INC., 9400 TOLEDO WAY, IRVINE CA 92618
Vivek K. Soni	director, officer: Executive VP and Director	419 WEBSTER STREET, MONTEREY CA 93940
Kathleen C Cuocolo	director	731 LEXINGTON AVENUE, 28TH FLOOR, NEW YORK NY 10022
Monterey Acquisition Sponsor, Llc	10 percent owner	419 WEBSTER STREET, MONTEREY CA 93940
Leela Gray	director	419 WEBSTER STREET, MONTEREY CA 93940
Bala Padmakumar	director, 10 percent owner, officer: Chief Executive Officer	419 WEBSTER STREET, MONTEREY CA 93940
Daniel R Davis	officer: Chief Financial Officer	419 WEBSTER STREET, MONTEREY CA 93940