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Interra Acquisition (HKSE:07801) Interest Coverage

: 0 (At Loss) (As of Jun. 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. Interra Acquisition's Operating Income for the six months ended in Jun. 2023 was HK$-47.99 Mil. Interra Acquisition's Interest Expense for the six months ended in Jun. 2023 was HK$-0.04 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 Interra Acquisition's Interest Coverage or its related term are showing as below:


HKSE:07801'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.


Interra Acquisition Interest Coverage Historical Data

The historical data trend for Interra 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.

* Premium members only.

Interra Acquisition Annual Data
Trend Dec22 Dec23
Interest Coverage
- -

Interra Acquisition Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
Interest Coverage - - - -

Competitive Comparison

For the Shell Companies subindustry, Interra 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.


Interra Acquisition Interest Coverage Distribution

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

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



Interra 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.

Interra 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, Interra Acquisition's Interest Expense was HK$-0.17 Mil. Its Operating Income was HK$-98.76 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.

Interra Acquisition did not have earnings to cover the interest expense.

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

Here, for the six months ended in Jun. 2023, Interra Acquisition's Interest Expense was HK$-0.04 Mil. Its Operating Income was HK$-47.99 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.

Interra Acquisition 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.


Interra Acquisition  (HKSE:07801) 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 .


Interra Acquisition Interest Coverage Related Terms

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Interra Acquisition (HKSE:07801) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
348 Kwun Tong Road, 5th Floor, Manulife Place, Kowloon, Hong Kong, HKG
Interra Acquisition Corp is a newly incorporated special purpose acquisition company. Its strategy is to invest in high-growth companies focused on Greater China in the sectors of technology, consumer and new retail, manufacturing, healthcare and climate action.

Interra Acquisition (HKSE:07801) Headlines

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