GIG (GigCapital7) Interest Coverage : No Debt ⁽¹⁾ (As of Mar. 2025)

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What is GigCapital7 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. GigCapital7's Operating Income for the three months ended in Mar. 2025 was $-0.37 Mil. GigCapital7's Interest Expense for the three months ended in Mar. 2025 was $0.00 Mil. GigCapital7 has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

GigCapital7 Corp has no debt.

(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 GigCapital7's Interest Coverage or its related term are showing as below:

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

GIG's Interest Coverage is ranked better than
99.68% of 313 companies
in the Diversified Financial Services industry
Industry Median: No Debt vs GIG: 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.

GigCapital7 Interest Coverage Historical Data

The historical data trend for GigCapital7'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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GigCapital7 Interest Coverage Chart

GigCapital7 Annual Data

Trend

Dec24

Interest Coverage

No Debt

GigCapital7 Quarterly Data
	May24	Aug24	Dec24	Mar25
Interest Coverage	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of GigCapital7's Interest Coverage

For the Shell Companies subindustry, GigCapital7'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.

GigCapital7's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, GigCapital7's Interest Coverage distribution charts can be found below:

* The bar in red indicates where GigCapital7's Interest Coverage falls into.

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GigCapital7 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.

GigCapital7's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, GigCapital7's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

GigCapital7 had no debt ⁽¹⁾.

GigCapital7's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, GigCapital7's Interest Expense was $0.00 Mil. Its Operating Income was $-0.37 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

GigCapital7 had no debt ⁽¹⁾.

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

GigCapital7 (NAS:GIG) 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 .

GigCapital7 Interest Coverage Related Terms

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