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PROOF Acquisition I (PROOF Acquisition I) Interest Expense : $0.00 Mil (TTM As of Sep. 2023)


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What is PROOF Acquisition I Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PROOF Acquisition I's interest expense for the three months ended in Sep. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 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. PROOF Acquisition I's Operating Income for the three months ended in Sep. 2023 was $ -2.29 Mil. PROOF Acquisition I's Interest Expense for the three months ended in Sep. 2023 was $ 0.00 Mil. PROOF Acquisition I 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.

PROOF Acquisition I Interest Expense Historical Data

The historical data trend for PROOF Acquisition 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.

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PROOF Acquisition I Interest Expense Chart

PROOF Acquisition I Annual Data
Trend Dec21 Dec22
Interest Expense
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PROOF Acquisition I Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

PROOF Acquisition 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 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.

PROOF Acquisition I  (NYSE:PACI.WS) 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.

PROOF Acquisition I's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-2.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.00 Mil.

PROOF Acquisition I's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

PROOF Acquisition I had no long-term 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.

Good Sign:

PROOF Acquisition Corp I has no debt.

PROOF Acquisition I (PROOF Acquisition I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » PROOF Acquisition Corp I (NYSE:PACI.WS) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
11911 Freedom Drive, Suite 1080, Reston, VA, USA, 20190
Website
PROOF Acquisition Corp I I is a newly-formed blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.