OceanTech Acquisitions I (OceanTech Acquisitions I) FCF Yield % : -2.68 (As of Jun. 08, 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 $0.00 Mil, and Market Cap is $0.00 Mil. Therefore, OceanTech Acquisitions I's FCF Yield % for today is -2.68%.

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

OTECW' s FCF Yield % Range Over the Past 10 Years
Min: -22.68 Med: 0 Max: 10.46
Current: -2.68

During the past 3 years, the highest FCF Yield % of OceanTech Acquisitions I was 10.46%. The lowest was -22.68%. And the median was 0.00%.

OTECW's FCF Yield % is ranked worse than
61.24% of 627 companies
in the Diversified Financial Services industry
Industry Median: -1.55 vs OTECW: -2.68

OceanTech Acquisitions I's FCF Margin % for the quarter that ended in Mar. 2024 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 %

OceanTech Acquisitions I Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
FCF Yield %	Get a 7-Day Free Trial								-	-	-	-	-

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	/
	=	N/A%

OceanTech Acquisitions I's annualized FCF Yield % for the quarter that ended in Mar. 2024 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	-0.252	*	4	/
	=	N/A%

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 (NAS:OTECW) » Definitions » FCF Yield %

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.