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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. SEP Acquisition's Operating Income for the three months ended in Mar. 2024 was $-1.21 Mil. SEP Acquisition's Interest Expense for the three months ended in Mar. 2024 was $-0.25 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for SEP Acquisition's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for SEP 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.
SEP Acquisition Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Interest Coverage | No Debt | - | - |
SEP Acquisition Quarterly Data | |||||||||||||
Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
For the Shell Companies subindustry, SEP 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.
For the Diversified Financial Services industry and Financial Services sector, SEP Acquisition's Interest Coverage distribution charts can be found below:
* The bar in red indicates where SEP Acquisition's Interest Coverage falls into.
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.
SEP Acquisition's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as
Here, for the fiscal year that ended in Dec. 2023, SEP Acquisition's Interest Expense was $-0.10 Mil. Its Operating Income was $-2.88 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
SEP Acquisition did not have earnings to cover the interest expense. |
SEP Acquisition's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, SEP Acquisition's Interest Expense was $-0.25 Mil. Its Operating Income was $-1.21 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
SEP Acquisition did not have earnings to cover the 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.
The higher the ratio, the stronger the company's Financial Strength is.
SEP Acquisition (NAS:SEPA) 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 .
Thank you for viewing the detailed overview of SEP Acquisition's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Marshall Blair Garrou | director, 10 percent owner | 3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098 |
David L. Magdol | director | 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056 |
Mia Mends | director | 5254 BIRDWOOD ROAD, HOUSTON TX 77096 |
Jay Gardner | director | 3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098 |
Mercury Sponsor Group I Llc | 10 percent owner | 3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098 |
Robert Andrew White | director, 10 percent owner, officer: President and CEO | 3737 BUFFALO SPEEDWAY, HOUSTON TX 77098 |
Winston Gilpin | officer: CFO and Secretary | 3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098 |
Carolyn Rodz | director | 3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098 |
Christine Cardenas | officer: VP and Chief Strategy Officer | 3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098 |
From GuruFocus
By PRNewswire PRNewswire • 08-20-2021
By Business Wire Business Wire • 01-23-2023
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