Apollo Strategic Growth Capital II (NYSE:APGB) Interest Coverage

: 0 (At Loss) (As of Sep. 2023)

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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. Apollo Strategic Growth Capital II's Operating Income for the three months ended in Sep. 2023 was $-0.38 Mil. Apollo Strategic Growth Capital II's Interest Expense for the three months ended in Sep. 2023 was $-0.01 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Apollo Strategic Growth Capital II's Interest Coverage or its related term are showing as below:

APGB's Interest Coverage is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: No Debt
* Ranked among companies with meaningful Interest Coverage only.

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

Apollo Strategic Growth Capital II Interest Coverage Historical Data

The historical data trend for Apollo Strategic Growth Capital II'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.

* Premium members only.

Apollo Strategic Growth Capital II Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Coverage

No Debt

Apollo Strategic Growth Capital II Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage												-	-	-	-	-

Competitive Comparison

For the Shell Companies subindustry, Apollo Strategic Growth Capital II'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.

Apollo Strategic Growth Capital II Interest Coverage Distribution

For the Diversified Financial Services industry and Financial Services sector, Apollo Strategic Growth Capital II's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Apollo Strategic Growth Capital II's Interest Coverage falls into.

Apollo Strategic Growth Capital II 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.

Apollo Strategic Growth Capital II'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, Apollo Strategic Growth Capital II's Interest Expense was $-0.03 Mil. Its Operating Income was $-4.04 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Apollo Strategic Growth Capital II did not have earnings to cover the interest expense.

Apollo Strategic Growth Capital II's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Apollo Strategic Growth Capital II's Interest Expense was $-0.01 Mil. Its Operating Income was $-0.38 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Apollo Strategic Growth Capital II did not have earnings to cover the interest expense.

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

Apollo Strategic Growth Capital II (NYSE:APGB) 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 .

Apollo Strategic Growth Capital II Interest Coverage Related Terms

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Apollo Strategic Growth Capital II (NYSE:APGB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Apollo Strategic Growth Capital II (NYSE:APGB) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

APGB.U:USA

Address

9 West 57th Street, 42rd Floor, New York, NY, USA, 10019

Website

https://www.apollostrategicgrowthcapitalii.com

Apollo Strategic Growth Capital II is a blank check company.

Executives

Public Sector Pension Investment Board	10 percent owner	1250 RENE-LEVESQUE BLVD WEST, SUITE 1400, MONTREAL A8 H3B 5E9
Apollo Principal Holdings Iii, L.p.	10 percent owner	C/O INTERTRUST CORPORATE SERVICES, (CAYMAN) LIMITED, 190 ELGIN STREET, GEORGE TOWN E9 KY1-9005
Apollo Principal Holdings Iii Gp Ltd	10 percent owner	C/O INTERTRUST CORPORATE SERVICES, (CAYMAN) LIMITED, 190 ELGIN STREET, GEORGE TOWN E9 KY1-9005
Angela Sun	director	7001 EAST BELLEVIEW AVENUE, DENVER CO 80236
Scott Kleinman	director	C/O APOLLO MANAGEMENT L P, 1301 AVENUE OF THE AMERICANS 38TH FL., NEW YORK NY 10018
Nathaniel Lipman	director	6 HIGH RIDGE PARK, STAMFORD CT 06905
Melvin Parker	director	2424 GARDEN OF THE GODS RD, SUITE 300, COLORADO SPRINGS CO 80919
James Crossen	officer: CFO, CAO & Secretary	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apsg Sponsor Ii, L.p.	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Sanjay H Patel	director, officer: Chief Executive Officer	C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, NEW YORK NY 10019
Ap Caps Ii Holdings Gp, Llc	10 percent owner	C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD., GEORGE TOWN E9 KY1-9008

Apollo Strategic Growth Capital II (NYSE:APGB) Headlines

From GuruFocus

Apollo Strategic Growth Capital II Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

By 11-11-2023