Growth Capital Acquisition (Growth Capital Acquisition) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2021)

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What is Growth 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. Growth Capital Acquisition's Operating Income for the three months ended in Sep. 2021 was $-1.02 Mil. Growth Capital Acquisition's Interest Expense for the three months ended in Sep. 2021 was $0.00 Mil. Growth 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 Growth Capital Acquisition's Interest Coverage or its related term are showing as below:

GCAC'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.

Growth Capital Acquisition Interest Coverage Historical Data

The historical data trend for Growth 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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Growth Capital Acquisition Interest Coverage Chart

Growth Capital Acquisition Annual Data

Trend

Mar19

Mar20

Mar21

Interest Coverage

No Debt

Growth Capital Acquisition Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Coverage	Get a 7-Day Free Trial						No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Growth Capital Acquisition's Interest Coverage

For the Shell Companies subindustry, Growth 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.

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

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

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

Growth 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.

Growth Capital Acquisition's Interest Coverage for the fiscal year that ended in Mar. 2021 is calculated as

Here, for the fiscal year that ended in Mar. 2021, Growth Capital Acquisition's Interest Expense was $-0.29 Mil. Its Operating Income was $-0.09 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Growth Capital Acquisition did not have earnings to cover the interest expense.

Growth Capital Acquisition's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Here, for the three months ended in Sep. 2021, Growth Capital Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-1.02 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Growth Capital Acquisition had no debt ⁽¹⁾.

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

Growth Capital Acquisition (NAS:GCAC) 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 .

Growth Capital Acquisition Interest Coverage Related Terms

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