Freedom Acquisition I (Freedom Acquisition I) Interest Coverage : No Debt ⁽¹⁾ (As of Mar. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Freedom 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. Freedom Acquisition I's Operating Income for the three months ended in Mar. 2023 was $-1.62 Mil. Freedom Acquisition I's Interest Expense for the three months ended in Mar. 2023 was $0.00 Mil. Freedom 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 Freedom Acquisition I's Interest Coverage or its related term are showing as below:

FACT'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.

Freedom Acquisition I Interest Coverage Historical Data

The historical data trend for Freedom 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.

* Premium members only.

Freedom Acquisition I Interest Coverage Chart

Freedom Acquisition I Annual Data

Trend

Dec20

Dec21

Dec22

Interest Coverage

No Debt

Freedom Acquisition I 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	No Debt

Competitive Comparison of Freedom Acquisition I's Interest Coverage

For the Shell Companies subindustry, Freedom 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.

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

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

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

Freedom 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.

Freedom Acquisition I'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, Freedom Acquisition I's Interest Expense was $0.00 Mil. Its Operating Income was $-4.41 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Freedom Acquisition I had no debt ⁽¹⁾.

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

Here, for the three months ended in Mar. 2023, Freedom Acquisition I's Interest Expense was $0.00 Mil. Its Operating Income was $-1.62 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Freedom Acquisition I had no debt ⁽¹⁾.

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

Freedom Acquisition I (NYSE:FACT) 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 .

Freedom Acquisition I Interest Coverage Related Terms

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

Freedom Acquisition I (Freedom Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Freedom Acquisition I Corp (NYSE:FACT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Wall Street, 20th Floor, New York, NY, USA, 10005

Website

https://www.freedomac1.com

Freedom Acquisition I Corp is a blank check company.

Executives

David John Anderson	director, officer: CMO; EVP Strategic Partnership	C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Vikas Desai	officer: President; GM Business Units	C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Thurman J Rodgers	director, 10 percent owner	535 EASTVIEW WAY, WOODSIDE CA 94062
William James Anderson	director, officer: Chief Executive Officer	C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Arnaud Lepert	officer: Chief Operating Officer	C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Devin Whatley	director	C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Brian Wuebbels	officer: Chief Financial Officer	C/O MEMC ELECTRONIC MATERIALS, INC., 501 PEARL DRIVE, ST. PETERS MO 63376
Ronald J Pasek	director	101 INNOVATION DRIVE, SAN JOSE CA 95134
Antonio R Alvarez	director	3901 N. FIRST ST., SAN JOSE CA 95134
Edward Qiang Zeng	director	14 WALL STREET, 20TH FLOOR, NEW YORK NY 100005
Nell Cady-kruse	director	C/O VARAGON CAPITAL CORPORATION, 299 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10171
David Poritz	director	14 WALL STREET, 20TH FLOOR, NEW YORK NY 10005
Adam Gishen	officer: Chief Executive Officer	14 WALL STREET, 20TH FLOOR, NEW YORK NY 10005
Freedom Acquisition I Llc	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Tidjane Thiam	director	C/O TWENTY-FIRST CENTURY FOX, INC., NEW YORK NY 10036