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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. Monument Circle Acquisition's
Operating Income
for the
three
months ended in Sep. 2022 was $-0.20 Mil. Monument Circle Acquisition's Interest Expense for the
three
months ended in Sep. 2022 was $0.00 Mil.
Monument Circle 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 Monument Circle Acquisition's Interest Coverage or its related term are showing as below:
MONCW'
s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt
MONCW's Interest Coverage is not ranked
in the Diversified Financial Services industry.
Industry Median: No Debt
vs MONCW: No Debt
Monument Circle Acquisition (NAS:MONCW) 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 .
Monument Circle Acquisition Interest Coverage Related Terms
Monument Circle Acquisition Interest Coverage Historical Data
* 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.
Monument Circle Acquisition Interest Coverage Chart
MONCW vs HCII, MTAC, SCAQ: Interest Coverage Comparison
For the Shell Companies subindustry, Monument Circle 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.
Monument Circle Acquisition Interest Coverage vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Monument Circle Acquisition's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Monument Circle Acquisition's Interest Coverage falls into.
Monument Circle 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:
* 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.
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Monument Circle Acquisition (MONCW) has a Interest Coverage of No Debt (1) as of Sep. 2022. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Monument Circle Acquisition and its competitors. This is 100% below median its historical median of 10,000.00. Over the past decade, Monument Circle Acquisition's Interest Coverage has ranged from 10,000.00 to 10,000.00.
Is Monument Circle Acquisition's Interest Coverage too high?
Monument Circle Acquisition's current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 10,000.00 to a high of 10,000.00. Overall, Monument Circle Acquisition has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Monument Circle Acquisition's Interest Coverage compare to HCII and MTAC?
Monument Circle Acquisition's Interest Coverage of No Debt (1) can be compared against companies in the Diversified Financial Services industry. The industry median Interest Coverage is 10,000.00. Historically, Monument Circle Acquisition's own Interest Coverage has ranged from 10,000.00 to 10,000.00 over the past decade. 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 365 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 Monument Circle Acquisition 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. Monument Circle Acquisition's current Interest Coverage is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monument Circle Acquisition stock overvalued right now?
Monument Circle Acquisition (MONCW) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1), which is 100% below median its 10-year median of 10,000.00. Monument Circle Acquisition's overall GF Score™ is 26/100 with 3 warning signs to review. 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 Monument Circle Acquisition (MONCW), the current Interest Coverage is No Debt (1) as of Sep. 2022. 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.
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