Atlantic Coastal Acquisition II (Atlantic Coastal Acquisition II) Interest Expense : $-0.14 Mil (TTM As of Dec. 2023)

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What is Atlantic Coastal Acquisition II Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Atlantic Coastal Acquisition II's interest expense for the three months ended in Dec. 2023 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.14 Mil.

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. Atlantic Coastal Acquisition II's Operating Income for the three months ended in Dec. 2023 was $ -0.39 Mil. Atlantic Coastal Acquisition II's Interest Expense for the three months ended in Dec. 2023 was $ -0.01 Mil. Atlantic Coastal Acquisition II did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Atlantic Coastal Acquisition II Interest Expense Historical Data

The historical data trend for Atlantic Coastal Acquisition II's Interest Expense 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.

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Atlantic Coastal Acquisition II Interest Expense Chart

Atlantic Coastal Acquisition II Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.14

Atlantic Coastal Acquisition II Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial					-	-	-	-0.13	-0.01

Atlantic Coastal Acquisition II Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.14 Mil.

Atlantic Coastal Acquisition II (NAS:ACABW) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Atlantic Coastal Acquisition II's Interest Expense for the three months ended in Dec. 2023 was $-0.01 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-0.39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.00 Mil.

Atlantic Coastal Acquisition II's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Atlantic Coastal Acquisition II did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.