Fortune Rise Acquisition (Fortune Rise Acquisition) Interest Expense : $0.00 Mil (TTM As of Mar. 2024)

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What is Fortune Rise Acquisition Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fortune Rise Acquisition's interest expense for the three months ended in Mar. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $0.00 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. Fortune Rise Acquisition's Operating Income for the three months ended in Mar. 2024 was $ -0.49 Mil. Fortune Rise Acquisition's Interest Expense for the three months ended in Mar. 2024 was $ 0.00 Mil. Fortune Rise Acquisition 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.

Fortune Rise Acquisition Interest Expense Historical Data

The historical data trend for Fortune Rise Acquisition'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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Fortune Rise Acquisition Interest Expense Chart

Fortune Rise Acquisition Annual Data

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Interest Expense

Fortune Rise Acquisition Quarterly Data
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Fortune Rise Acquisition 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Fortune Rise Acquisition (NAS:FRLAU) 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.

Fortune Rise Acquisition's Interest Expense for the three months ended in Mar. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.49 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

Fortune Rise Acquisition's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Fortune Rise Acquisition had no long-term debt ⁽¹⁾.

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