BCSA (Blockchain Coinvestors Acquisition I) Interest Coverage : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Blockchain Coinvestors Acquisition I 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. Blockchain Coinvestors Acquisition I's Operating Income for the three months ended in Jun. 2024 was $-0.91 Mil. Blockchain Coinvestors Acquisition I's Interest Expense for the three months ended in Jun. 2024 was $0.00 Mil. Blockchain Coinvestors Acquisition I 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 Blockchain Coinvestors Acquisition I's Interest Coverage or its related term are showing as below:

BCSA' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

BCSA's Interest Coverage is not ranked
in the Diversified Financial Services industry.
Industry Median: No Debt vs BCSA: No Debt

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

Blockchain Coinvestors Acquisition I Interest Coverage Historical Data

The historical data trend for Blockchain Coinvestors Acquisition I'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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Blockchain Coinvestors Acquisition I Interest Coverage Chart

Blockchain Coinvestors Acquisition I Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

No Debt

Blockchain Coinvestors Acquisition I Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Coverage	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Blockchain Coinvestors Acquisition I's Interest Coverage

For the Shell Companies subindustry, Blockchain Coinvestors Acquisition I'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.

Blockchain Coinvestors Acquisition I's Interest Coverage Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Blockchain Coinvestors Acquisition I's Interest Coverage falls into.

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Blockchain Coinvestors Acquisition I 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.

Blockchain Coinvestors Acquisition I's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Blockchain Coinvestors Acquisition I's Interest Expense was $0.00 Mil. Its Operating Income was $-2.09 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Blockchain Coinvestors Acquisition I had no debt ⁽¹⁾.

Blockchain Coinvestors Acquisition I's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, Blockchain Coinvestors Acquisition I's Interest Expense was $0.00 Mil. Its Operating Income was $-0.91 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Blockchain Coinvestors Acquisition I had no debt ⁽¹⁾.

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

Blockchain Coinvestors Acquisition I (NAS:BCSA) 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 .

Blockchain Coinvestors Acquisition I Interest Coverage Related Terms

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

Blockchain Coinvestors Acquisition I Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Blockchain Coinvestors Acquisition Corp I (NAS:BCSA) » Definitions » Interest Coverage

Comparable Companies

VCXB LCW GAQ FLME CHEA EVE HCMA SUAC ALCY HHLA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA

Traded in Other Exchanges

N/A

Address

Boundary Hall, Cricket Square, PO Box 1093, Grand Cayman, CYM, KY1-1102

Website

https://www.blockchaincac1.com

Blockchain Coinvestors Acquisition Corp I is a blank check company.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mitchell Mechigian	officer: Chief Financial Officer	P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Alison Davis	10 percent owner, officer: Managing Director	255 FISERV DRIVE, BROOKFIELD WI 53045
Lou Kerner	director, 10 percent owner, officer: Managing Director and CEO	P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Wiel Colin T.	director	P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Le Merle Matthew C	director, 10 percent owner, officer: Managing Director and Chair	4545 PARADISE DRIVE, TIBURON CA 94920
Blockchain Coinvestors Acquisition Sponsors I Llc	10 percent owner	1120 NW COUCH STREET, 10TH FLOOR, PORTLAND OR 97209
Gary Lloyd Cookhorn	director	P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Rebecca Lynn Macieira-kaufmann	director	P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102