GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Greencity Acquisition Corp (OTCPK:GRYUF) » Definitions » Interest Coverage

GRYUF (Greencity Acquisition) Interest Coverage : No Debt (1) (As of Dec. 2022)


View and export this data going back to 2020. Start your Free Trial

What is Greencity 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. Greencity Acquisition's Operating Income for the three months ended in Dec. 2022 was $-0.18 Mil. Greencity Acquisition's Interest Expense for the three months ended in Dec. 2022 was $0.00 Mil. Greencity 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 Greencity Acquisition's Interest Coverage or its related term are showing as below:

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


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


Greencity Acquisition Interest Coverage Historical Data

The historical data trend for Greencity 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.

Greencity Acquisition Interest Coverage Chart

Greencity Acquisition Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
No Debt No Debt No Debt No Debt No Debt

Greencity Acquisition Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Greencity Acquisition's Interest Coverage

For the Shell Companies subindustry, Greencity 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.


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

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

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



Greencity 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.

Greencity 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, Greencity Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-0.65 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Greencity Acquisition had no debt (1).

Greencity Acquisition's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the three months ended in Dec. 2022, Greencity Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-0.18 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Greencity 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.


Greencity Acquisition  (OTCPK:GRYUF) 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 .


Greencity Acquisition Interest Coverage Related Terms

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


Greencity Acquisition Business Description

Traded in Other Exchanges
N/A
Address
505 Eshan Road, Floor 6, Pudong New District, Shanghai, CHN, 200120
Website
Greencity Acquisition Corp is a blank check company.
Executives
Hudson Bay Capital Management Lp 10 percent owner 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Sander Gerber 10 percent owner C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Lawrence Feis 10 percent owner 190 EAST WALTON PLACE, UNIT 603, CHICAGO IL 60611
Feis Equities Llc 10 percent owner 20 NORTH WACKER DRIVE, SUITE 2115, CHICAGO IL 60606
Glazer Capital, Llc 10 percent owner 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer 10 percent owner 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Cynthia Management Corp 10 percent owner SUITE 807 TOWER 2 CENTURY LINK PLAZA, NO. 1196 CENTURY AVENUE, PUDONG DISTRICT F4 200000
Jianmin Yu 10 percent owner, officer: CFO 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Jinlong Liu director, 10 percent owner 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017
Lei Wang director 2609 MONTE CRESTA DRIVE, BELMONT CA 94002
Chao Liu director 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017
Ming Zhang officer: CEO 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017
Yong Li director 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017