HLXC (Helix Acquisition III) Interest Coverage: No Debt (1) (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HLXC Helix Acquisition Corp III HLXC
8 GF Score
Price $10.52
View Full Analysis

What is Helix Acquisition III Interest Coverage?

Helix Acquisition III HLXC 8 Interest Coverage is No Debt (1) as of Dec. 2025. GuruFocus rates HLXC with a GF Score™ of 8/100. Among 389 Diversified Financial Services companies, Helix Acquisition III ranks worse than 257069.15% on this metric.

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. Helix Acquisition III's Operating Income for the six months ended in Dec. 2025 was $0.00 Mil. Helix Acquisition III's Interest Expense for the six months ended in Dec. 2025 was $0.00 Mil. Helix Acquisition III 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 Helix Acquisition III's Interest Coverage or its related term are showing as below:


HLXC'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.


Helix Acquisition III  (NAS:HLXC) 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 .


Helix Acquisition III Interest Coverage Related Terms


Helix Acquisition III Interest Coverage Historical Data

* Premium members only.

The historical data trend for Helix Acquisition III'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.

Helix Acquisition III Interest Coverage Chart

Helix Acquisition III Annual Data
Trend Dec25
Interest Coverage
No Debt

Helix Acquisition III Semi-Annual Data
Dec25
Interest Coverage No Debt

HLXC vs DYOR, SUMA, BLRK: Interest Coverage Comparison

For the Shell Companies subindustry, Helix Acquisition III'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.


Helix Acquisition III Interest Coverage vs Diversified Financial Services Industry

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

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


HLXC
8GF Score
Helix Acquisition Corp III HLXC
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Helix Acquisition III 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.

Helix Acquisition III's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Helix Acquisition III'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.

Helix Acquisition III had no debt (1).

Helix Acquisition III's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, Helix Acquisition III'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.

Helix Acquisition III 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Helix Acquisition III (HLXC) has a Interest Coverage of No Debt (1) as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Helix Acquisition III and its competitors. According to the industry distribution chart, Helix Acquisition III ranks #999999 out of 389 companies in the Diversified Financial Services industry.
Is Helix Acquisition III's Interest Coverage too high?
Helix Acquisition III's current Interest Coverage is No Debt (1). Based on the distribution chart, Helix Acquisition III ranks #999999 out of 389 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Helix Acquisition III has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Helix Acquisition III's Interest Coverage compare to DYOR and SUMA?
According to the Diversified Financial Services industry distribution chart, Helix Acquisition III ranks #999999 out of 389 companies for Interest Coverage. This places Helix Acquisition III in the lower half of its industry. The industry median Interest Coverage is 10,000.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Diversified Financial Services company?
The median Interest Coverage among Diversified Financial Services companies is 10,000.00, based on 389 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Helix Acquisition III and its competitors. For the Diversified Financial Services industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Helix Acquisition III's current Interest Coverage is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Helix Acquisition III stock overvalued right now?
Helix Acquisition III (HLXC) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). Helix Acquisition III's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Helix Acquisition III (HLXC), the current Interest Coverage is No Debt (1) as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Helix Acquisition III Business Description

Address C/O Cormorant Asset Management, LP, 200 Clarendon Street, 52nd Floor, Boston, MA, USA, 02116
Helix Acquisition Corp III is a blank check company.
8GF Score

Get the complete analysis for HLXC

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.52
Price