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Altitude Acquisition Interest Coverage

: No Debt (As of Mar. 2022)
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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. Altitude Acquisition's Operating Income for the three months ended in Mar. 2022 was $-0.93 Mil. Altitude Acquisition's Interest Expense for the three months ended in Mar. 2022 was $0.00 Mil. Altitude Acquisition has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Altitude Acquisition Corp has no debt.

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

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


ALTUW's Interest Coverage is ranked better than
99.89% of 887 companies
in the Diversified Financial Services industry
Industry Median: No Debt vs ALTUW: 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.


Altitude Acquisition Interest Coverage Historical Data

The historical data trend for Altitude 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.

* Premium members only.

Altitude Acquisition Annual Data
Trend Dec20 Dec21
Interest Coverage
No Debt No Debt

Altitude Acquisition Quarterly Data
Aug20 Mar21 Jun21 Sep21 Dec21 Mar22
Interest Coverage Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison

For the Shell Companies subindustry, Altitude 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.

   

Altitude Acquisition Interest Coverage Distribution

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

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



Altitude 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.


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

Altitude Acquisition's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Altitude Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-6.02 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Altitude Acquisition had no debt.

Altitude Acquisition's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Here, for the three months ended in Mar. 2022, Altitude Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-0.93 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Altitude Acquisition had no debt.

* 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.


Altitude Acquisition  (NAS:ALTUW) 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 .


Altitude Acquisition Interest Coverage Related Terms

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