CCIX (Churchill Capital IX) Interest Expense : $ Mil (TTM As of Sep. 2024)

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What is Churchill Capital IX Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Churchill Capital IX's interest expense for the three months ended in Sep. 2024 was $ 0.00 Mil. Churchill Capital IX does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Sep. 2024.

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. Churchill Capital IX's Operating Income for the three months ended in Sep. 2024 was $ -0.26 Mil. Churchill Capital IX's Interest Expense for the three months ended in Sep. 2024 was $ 0.00 Mil. Churchill Capital IX has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term 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.

Churchill Capital IX Interest Expense Historical Data

The historical data trend for Churchill Capital IX'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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Churchill Capital IX Interest Expense Chart

Churchill Capital IX Annual Data

Trend

Dec23

Interest Expense

Churchill Capital IX Quarterly Data
	Mar24	Jun24	Sep24
Interest Expense	-	-	-

Churchill Capital IX Interest Expense Calculation

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

Churchill Capital IX (NAS:CCIX) 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.

Churchill Capital IX's Interest Expense for the three months ended in Sep. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.00 Mil.

Churchill Capital IX's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Churchill Capital IX had no long-term debt ⁽¹⁾.

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. Churchill Capital Corp IX has enough cash to cover all of its debt. Its financial situation is stable.