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APAC (StoneBridge Acquisition) Interest Coverage : No Debt (1) (As of Sep. 2023)


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What is StoneBridge 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. StoneBridge Acquisition's Operating Income for the three months ended in Sep. 2023 was $-0.42 Mil. StoneBridge Acquisition's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. StoneBridge 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 StoneBridge Acquisition's Interest Coverage or its related term are showing as below:


APAC'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.


StoneBridge Acquisition Interest Coverage Historical Data

The historical data trend for StoneBridge 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.

* Premium members only.

StoneBridge Acquisition Interest Coverage Chart

StoneBridge Acquisition Annual Data
Trend Dec21 Dec22
Interest Coverage
No Debt No Debt

StoneBridge Acquisition Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of StoneBridge Acquisition's Interest Coverage

For the Shell Companies subindustry, StoneBridge 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.


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

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

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



StoneBridge 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.

StoneBridge 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, StoneBridge Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-1.37 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

StoneBridge Acquisition had no debt (1).

StoneBridge Acquisition's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, StoneBridge Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-0.42 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

StoneBridge Acquisition had no debt (1).

* 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.

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


StoneBridge Acquisition  (NAS:APAC) 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 .


StoneBridge Acquisition Interest Coverage Related Terms

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


StoneBridge Acquisition Business Description

Traded in Other Exchanges
N/A
Address
One World Trade Center, Suite 8500, New York, NY, USA, 10007
StoneBridge Acquisition Corp is a blank check company.
Executives
Prabhu Antony director, officer: CFO, President and Director 1104 LINNEA LN, SOUTHLAKE TX 76092
Bhargava Marepally director, officer: CEO and Director 1104 LINNEA LN, SOUTHLAKE TX 76092
Sylvia K. Barnes director 4853 POST OAK TIMBER DRIVE, HOUSTON TX 77056
Jeffrey Najarian director 9 DESBROSSES STREET, SUITE 402, NEW YORK NY 10013
Stonebridge Acquisition Sponsor Llc 10 percent owner 1104 LINNEA LN., SOUTHLAKE TX 76092
Richard B Saldanha director 1104 LINNEA LN, SOUTHLAKE TX 76092
Naresh Kothari director 1104 LINNEA LN, SOUTHLAKE TX 76092
Shamla Naidoo director 1104 LINNEA LN, SOUTHLAKE TX 76092
Bp Spac Sponsor Llc 10 percent owner 1104 LINNEA LN, SOUTHLAKE TX 76092

StoneBridge Acquisition Headlines

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