OTECW (OceanTech Acquisitions I) Interest Expense: $-0.13 Mil (TTM As of Mar. 2024)

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OTECW OceanTech Acquisitions I Corp OTECW
20 GF Score
Price $0.07
! 4 Warning Signs
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What is OceanTech Acquisitions I Interest Expense?

OceanTech Acquisitions I OTECW 20 Interest Expense is $-0.13 Mil as of Mar. 2024. GuruFocus rates OTECW with a GF Score™ of 20/100. The stock has 4 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OceanTech Acquisitions I's interest expense for the three months ended in Mar. 2024 was $ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.13 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. OceanTech Acquisitions I's Operating Income for the three months ended in Mar. 2024 was $ -0.71 Mil. OceanTech Acquisitions I's Interest Expense for the three months ended in Mar. 2024 was $ -0.05 Mil. OceanTech Acquisitions I 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.

OceanTech Acquisitions I  (NAS:OTECW) Interest Expense Explanation

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. The higher, the better.

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

OceanTech Acquisitions I's Interest Expense for the three months ended in Mar. 2024 was $-0.05 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

OceanTech Acquisitions I's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

OceanTech Acquisitions I 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.

OceanTech Acquisitions I Interest Expense Historical Data

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The historical data trend for OceanTech Acquisitions I'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.

OceanTech Acquisitions I Interest Expense Chart

OceanTech Acquisitions I Annual Data
Trend Dec21 Dec22 Dec23
Interest Expense
0.00 0.00 -0.08

OceanTech Acquisitions I Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.46 -0.01 -0.03 -0.04 -0.05
OTECW
20GF Score
OceanTech Acquisitions I Corp OTECW
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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OceanTech Acquisitions I 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 $-0.13 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-0.13 Mil mean?
OceanTech Acquisitions I (OTECW) has a Interest Expense of $-0.13 Mil as of Mar. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on OceanTech Acquisitions I and its competitors.
Is OceanTech Acquisitions I's Interest Expense too high?
OceanTech Acquisitions I's current Interest Expense is $-0.13 Mil. Overall, OceanTech Acquisitions I has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does OceanTech Acquisitions I's Interest Expense compare to FATP and WAVS?
OceanTech Acquisitions I's Interest Expense of $-0.13 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Diversified Financial Services company?
A good Interest Expense depends on the Diversified Financial Services industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on OceanTech Acquisitions I and its competitors. OceanTech Acquisitions I's current Interest Expense is $-0.13 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OceanTech Acquisitions I stock overvalued right now?
OceanTech Acquisitions I (OTECW) has a current Interest Expense of $-0.13 Mil. The current Interest Expense is $-0.13 Mil. OceanTech Acquisitions I's overall GF Score™ is 20/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For OceanTech Acquisitions I (OTECW), the current Interest Expense is $-0.13 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

OceanTech Acquisitions I Business Description

Address 515 Madison Avenue, 8th Floor - Suite 8133, New York, NY, USA, 10022
OceanTech Acquisitions I Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
20GF Score

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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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