26 Capital Acquisition (26 Capital Acquisition) Interest Coverage : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is 26 Capital Acquisition Interest Coverage?

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 by its Interest Expense. 26 Capital Acquisition's Operating Income for the three months ended in Jun. 2023 was $-2.54 Mil. 26 Capital Acquisition's Interest Expense for the three months ended in Jun. 2023 was $0.00 Mil. 26 Capital Acquisition has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No 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.

The historical rank and industry rank for 26 Capital Acquisition's Interest Coverage or its related term are showing as below:

ADERU' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

ADERU's Interest Coverage is not ranked
in the Diversified Financial Services industry.
Industry Median: No Debt vs ADERU: No Debt

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

26 Capital Acquisition Interest Coverage Historical Data

The historical data trend for 26 Capital Acquisition's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No 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.

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26 Capital Acquisition Interest Coverage Chart

26 Capital Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Interest Coverage

No Debt

26 Capital Acquisition Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Coverage	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of 26 Capital Acquisition's Interest Coverage

For the Shell Companies subindustry, 26 Capital Acquisition's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

26 Capital Acquisition's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, 26 Capital Acquisition's Interest Coverage distribution charts can be found below:

* The bar in red indicates where 26 Capital Acquisition's Interest Coverage falls into.

26 Capital Acquisition Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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

26 Capital Acquisition's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, 26 Capital Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-3.84 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

26 Capital Acquisition had no debt ⁽¹⁾.

26 Capital Acquisition's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, 26 Capital Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-2.54 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

26 Capital Acquisition had no debt ⁽¹⁾.

The higher the ratio, the stronger the company's Financial Strength is.

26 Capital Acquisition (NAS:ADERU) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

26 Capital Acquisition Interest Coverage Related Terms

Thank you for viewing the detailed overview of 26 Capital Acquisition's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

26 Capital Acquisition (26 Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 26 Capital Acquisition Corp (NAS:ADERU) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 Brickell Avenue, OfficeEdge Miami, Suite 1550, Miami, FL, USA, 33131

Website

https://www.spac26.com

26 Capital Acquisition Corp is a blank check company.

Executives

Fifth Lane Partners Fund, Lp	10 percent owner	C/O FIFTH LANE GP, LP, 1825 B. KRAMER LANE, SUITE 200, AUSTIN TX 78758
Fifth Lane Capital, Lp	10 percent owner	1825B KRAMER LN, SUITE 200, AUSTIN TX 78758
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Louis M Bacon	10 percent owner	11 TIMES SQUARE, 39TH FLOOR, MOORE CAPITAL MANAGEMENT LP, NEW YORK NY 10036
Moore Capital Advisors Llc	10 percent owner	11 TIMES SQUARE, 39TH FLOOR, NEW YORK NY 10036
Moore Capital Management, Lp	10 percent owner	11 TIMES SQUARE, 39TH FLOOR, NEW YORK NY 10036
Mmf Lt, Llc	10 percent owner	C/O MOORE CAPITAL MANAGEMENT, LP, 11 TIMES SQUARE, NEW YORK NY 10036
Moore Global Investments, Llc	10 percent owner	C/O MOORE CAPITAL MANAGEMENT, LP, 11 TIMES SQUARE, NEW YORK NY 10036
John Randall Waterfield	director	140 BROADWAY, 46TH FLOOR, NEW YORK NY 10005
Jason Ader	director, 10 percent owner, officer: Chief Executive Officer	C/O HAYGROUND COVE ASSET MANAGEMENT LLC, 1370 SIXTH AVENUE, NEW YORK NY 10019
Joseph Kaminkow	director	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
26 Capital Holdings Llc	10 percent owner	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
John K Lewis	officer: Chief Financial Officer	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
Gregory S. Lyss	director	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131