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Health Assurance Acquisition (Health Assurance Acquisition) EBIT : $-2.44 Mil (TTM As of Jun. 2022)


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What is Health Assurance Acquisition EBIT?

Health Assurance Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $-0.38 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $-2.44 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Health Assurance Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 was -0.29%. Health Assurance Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Health Assurance Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -0.44%.


Health Assurance Acquisition EBIT Historical Data

The historical data trend for Health Assurance Acquisition's EBIT 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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Health Assurance Acquisition EBIT Chart

Health Assurance Acquisition Annual Data
Trend Dec20 Dec21
EBIT
- -6.52

Health Assurance Acquisition Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
EBIT Get a 7-Day Free Trial -1.24 -0.65 -0.78 -0.63 -0.38

Competitive Comparison of Health Assurance Acquisition's EBIT

For the Shell Companies subindustry, Health Assurance Acquisition's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Health Assurance Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Health Assurance Acquisition's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Health Assurance Acquisition's EV-to-EBIT falls into.



Health Assurance Acquisition EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.44 Mil.

* 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.


Health Assurance Acquisition  (NAS:HAAC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Health Assurance Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

ROC % (Q: Jun. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Jun. 2022 ))/ count )
=-1.532 * ( 1 - 0.55% )/( (525.432 + 525.722)/ 2 )
=-1.523574/525.577
=-0.29 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2022) data.

2. Joel Greenblatt's definition of Return on Capital:

Health Assurance Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.532/( ( (0 + max(-2.212, 0)) + (0 + max(-2.464, 0)) )/ 2 )
=-1.532/( ( 0 + 0 )/ 2 )
=-1.532/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.522) - (2.734 + 0 + 0)
=-2.212

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.316) - (2.78 + 0 + 0)
=-2.464

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Health Assurance Acquisition's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2022 )
=-2.44/553.750
=-0.44 %

* 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.


Health Assurance Acquisition EBIT Related Terms

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Health Assurance Acquisition (Health Assurance Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
20 University Road, Cambridge, MA, USA, 02138
Health Assurance Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Executives
Atlas Merchant Capital Llc 10 percent owner 477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Mark Joseph Allen officer: Chief Financial Officer 20 UNIVERSITY ROAD, CAMBRIDGE MA 02138
Michelle A Brown officer: Chief Financial Officer C/O HEALTH ASSURANCE ACQUISITION CORP., 20 UNIVERSITY ROAD, CAMBRIDGE MA 02138
Klasko Stephen K. M.d. director 155 SOUTH LIMERICK ROAD, LIMERICK PA 19468
Anita Pramoda director 222 MERCHANDISE MART PLAZA, SUITE 2024, CHICAGO IL 60654
Glen Tullman director C/O LIVONGO HEALTH, INC., 150 WEST EVELYN AVENUE, SUITE 150, MOUNTAIN VIEW CA 94041
Quentin Clark director 333 BRANNAN STREET, SAN FRANCISCO CA 94107
Hemant Taneja director, officer: Chief Executive Officer C/O GENERAL CATALYST, 20 UNIVERSITY ROAD, 4TH FLOOR, CAMBRIDGE MA 02138
Jennifer Schneider director C/O LIVONGO HEALTH, INC., 150 WEST EVELYN AVENUE, SUITE 150, MOUNTAIN VIEW CA 94041
Evan Sotiriou officer: Chief Operating Officer C/O HEALTHCARE ASSURANCE ACQUISITION, 20 UNIVERSITY ROAD, FOURTH FLOOR, CAMBRIDGE MA 02138
Health Assurance Economy Foundation 10 percent owner 20 UNIVERSITY ROAD, FOURTH FLOOR, CAMBRIDGE MA 02138
Haac Sponsor, Llc 10 percent owner C/O GENERAL CATALYST, 20 UNIVERSITY ROAD, FOURTH FLOOR, CAMBRIDGE MA 02138