TGVC has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
TGVC has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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. TG Venture Acquisition's Operating Income for the three months ended in Sep. 2023 was $-0.91 Mil. TG Venture Acquisition's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. TG Venture 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 TG Venture 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 TG Venture 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.
TG Venture Acquisition Annual Data | |||||
Trend | Dec21 | Dec22 | |||
Interest Coverage | No Debt | No Debt |
TG Venture Acquisition Quarterly Data | |||||||||||
Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Interest Coverage | Get a 7-Day Free Trial | No Debt | No Debt | No Debt | No Debt | No Debt |
For the Shell Companies subindustry, TG Venture 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, TG Venture Acquisition's Interest Coverage distribution charts can be found below:
* The bar in red indicates where TG Venture 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.
TG Venture 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, TG Venture Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-2.24 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
TG Venture Acquisition had no debt (1). |
TG Venture Acquisition's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as
Here, for the three months ended in Sep. 2023, TG Venture Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-0.91 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
TG Venture 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.
TG Venture Acquisition (NAS:TGVC) 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 TG Venture Acquisition's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Wolverine Asset Management Llc | 10 percent owner | 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604 |
High Income Securities Fund | 10 percent owner | US BANCORP FUND SERVICES LLC, 615 EAST MICHIGAN STREET, MILWAUKEE WI 53202 |
Special Opportunities Fund, Inc. | 10 percent owner | C/O US BANCORP FUND SERVICES, LLC, 615 EAST MICHIGAN AVENUE, MILWAUKEE WI 53202 |
Phillip Goldstein | 10 percent owner | 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570 |
Andrew Dakos | 10 percent owner | 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663 |
Investors, Llp Bulldog | 10 percent owner | PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663 |
Patrick Tsang | director, 10 percent owner, officer: Chairman and CEO | WICKHAMS CARY II, PO BOX 3170, ROAD TOWN, TORTOLA D8 00000 |
Philip Benedict Rettger | director, officer: CFO | PO BOX 605, KETTLE FALLS, WASHINGTON WA 99141 |
Ma Jason Cheng Yuen | director | 2121 AVENUE OF THE STARS,, SUITE 2320, LOS ANGELES CA 90067 |
Komal Ahmad | director | 300 BERRY STREET, #1313, SAN FRANCISCO CA 94158 |
Michael Lewis Alexander | director | SUITE 1975, LEVEL 19, TWO IFC,, 8 FINANCE STREET, HONG KONG F4 00000 |
Tsangs Group Holdings Ltd | 10 percent owner | ROOM 6801, 68TH FLOOR,, 99 QUEENS ROAD CENTRAL, CENTRAL,, HONG KONG F4 999077 |
From GuruFocus
By ACCESSWIRE ACCESSWIRE • 04-25-2023
By ACCESSWIRE • 11-03-2023
By ACCESSWIRE ACCESSWIRE • 11-16-2021
By ACCESSWIRE ACCESSWIRE • 04-29-2023
By ACCESSWIRE ACCESSWIRE • 11-06-2021
By ACCESSWIRE • 10-26-2023
By ACCESSWIRE ACCESSWIRE • 12-05-2022
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.