ACAHU (Atlantic Coastal Acquisition) Interest Coverage : No Debt ⁽¹⁾ (As of Mar. 2023)

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What is Atlantic Coastal Acquisition Interest Coverage?

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 by its Interest Expense. Atlantic Coastal Acquisition's Operating Income for the three months ended in Mar. 2023 was $-0.74 Mil. Atlantic Coastal Acquisition's Interest Expense for the three months ended in Mar. 2023 was $0.00 Mil. Atlantic Coastal Acquisition has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No 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.

The historical rank and industry rank for Atlantic Coastal Acquisition's Interest Coverage or its related term are showing as below:

ACAHU's Interest Coverage is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: No Debt
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Atlantic Coastal Acquisition Interest Coverage Historical Data

The historical data trend for Atlantic Coastal Acquisition's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No 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.

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Atlantic Coastal Acquisition Interest Coverage Chart

Atlantic Coastal Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Interest Coverage

No Debt

Atlantic Coastal Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Coverage	Get a 7-Day Free Trial					No Debt	-	No Debt	No Debt	No Debt

Competitive Comparison of Atlantic Coastal Acquisition's Interest Coverage

For the Shell Companies subindustry, Atlantic Coastal Acquisition's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.

Atlantic Coastal Acquisition's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Atlantic Coastal Acquisition's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Atlantic Coastal Acquisition's Interest Coverage falls into.

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Atlantic Coastal Acquisition Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Atlantic Coastal Acquisition's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Atlantic Coastal Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-4.85 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Atlantic Coastal Acquisition had no debt ⁽¹⁾.

Atlantic Coastal Acquisition's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the three months ended in Mar. 2023, Atlantic Coastal Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-0.74 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Atlantic Coastal Acquisition had no debt ⁽¹⁾.

The higher the ratio, the stronger the company's Financial Strength is.

Atlantic Coastal Acquisition (NAS:ACAHU) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Atlantic Coastal Acquisition Interest Coverage Related Terms

Thank you for viewing the detailed overview of Atlantic Coastal Acquisition's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Atlantic Coastal Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Atlantic Coastal Acquisition Corp (NAS:ACAHU) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Saint Johns Lane, Floor 5, New York, NY, USA, 10013

Website

https://www.atlanticcoastalacquisition.com

Atlantic Coastal Acquisition Corp is a blank check company.

Executives

Dr. Chandra Panchal	director	303 RUE BAFFIN, DOLLARD DES ORMEAUX (DDO), QUEBEC A8 H9A 3G4
Anthony Porcheron	officer: Chief Executive Officer	EUROPEAN HEALTH TECHNOLOGY SPONSOR LLC, 401 DAWSON HOUSE, JEWRY STREET, LONDON X0 EC3N 2EX
Khash Erdene Gantumur	officer: Chief Financial Officer	277 WEST 11TH STREET SUITE 2F, NEW YORK NY 10014
Tseren Purev	director	277 WEST 11TH STREET SUITE 2F, NEW YORK NY 10014
Jason Chryssicas	officer: Chief Financial Officer	9 UPLAND LANE, ARMONK NY 10504
Burt Jordan	director, officer: President	4387 CHERRY HILL DRIVE, ORCHARD LAKE MI 48323
Daniel M. Tapiero	director	37 ROCK RIDGE AVE, GREENWICH CT 06831
Ronald C. Warrington	officer: CFO and Secretary	308 LOCUST STREET, SAN FRANCISCO CA 94118
Ned Sizer	officer: Chief Operating Officer	330 3RD AVENUE, SAN FRANCISCO CA 94118
Shahraab Ahmad	director, 10 percent owner, officer: Chairman and CEO	49 CATHCART ROAD, LONDON X0 SW10 9JE
Joanna Lord	director	215 6TH STREET SOUTH, KIRKLAND WA 98033
Anthony D. Eisenberg	director, officer: Chief Strategy Officer	700 LONE PINE, BLOOMFIELD HILLS MI 48304
Bryan Dove	director	6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013
Iqbaljit Kahlon	director	2144 GREEN STREET #12, SAN FRANCISCO CA 94123
Atlantic Coastal Acquisition Management Llc	10 percent owner	6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013