Rockpool Acquisitions (LSE:ROC) Interest Coverage : N/A (As of Sep. 2023)

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What is Rockpool Acquisitions 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. Rockpool Acquisitions's Operating Income for the six months ended in Sep. 2023 was £-0.35 Mil. Rockpool Acquisitions's Interest Expense for the six months ended in Sep. 2023 was £0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Rockpool Acquisitions PLC has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Rockpool Acquisitions's Interest Coverage or its related term are showing as below:

LSE:ROC'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.

Rockpool Acquisitions Interest Coverage Historical Data

The historical data trend for Rockpool Acquisitions'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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Rockpool Acquisitions Interest Coverage Chart

Rockpool Acquisitions Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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No Debt

Rockpool Acquisitions Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial								-	7.33	N/A	N/A	N/A

Competitive Comparison of Rockpool Acquisitions's Interest Coverage

For the Shell Companies subindustry, Rockpool Acquisitions'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.

Rockpool Acquisitions's Interest Coverage Distribution in the Diversified Financial Services Industry

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

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

Rockpool Acquisitions 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.

Rockpool Acquisitions's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Rockpool Acquisitions's Interest Expense was £-0.00 Mil. Its Operating Income was £-0.30 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.01 Mil.

Rockpool Acquisitions did not have earnings to cover the interest expense.

Rockpool Acquisitions's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Rockpool Acquisitions's Interest Expense was £0.00 Mil. Its Operating Income was £-0.35 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.01 Mil.

GuruFocus does not calculate Rockpool Acquisitions's interest coverage with the available data.

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

Rockpool Acquisitions (LSE:ROC) 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 .

Rockpool Acquisitions Interest Coverage Related Terms

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Rockpool Acquisitions (LSE:ROC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rockpool Acquisitions PLC (LSE:ROC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Cordovan Capital Management Ltd, 5-7 Upper Queen Street, Suite 102, Urban HQ, Belfast, GBR, BT1 6FB

Website

https://www.rockpoolacquisitions.plc.uk

Rockpool Acquisitions PLC is a special purpose acquisition company based in Northern Ireland. The company is seeking to identify and acquire a Northern Ireland-based company that is focused on growth and provides it with that access, helping that company meet its aspirations and full potential.