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Rosecliff Acquisition I (Rosecliff Acquisition I) Interest Coverage : No Debt (1) (As of Jun. 2023)


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What is Rosecliff Acquisition I 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. Rosecliff Acquisition I's Operating Income for the three months ended in Jun. 2023 was $-1.48 Mil. Rosecliff Acquisition I's Interest Expense for the three months ended in Jun. 2023 was $0.00 Mil. Rosecliff Acquisition I has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Rosecliff Acquisition Corp I has no debt.

(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 Rosecliff Acquisition I's Interest Coverage or its related term are showing as below:

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


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


Rosecliff Acquisition I Interest Coverage Historical Data

The historical data trend for Rosecliff Acquisition I'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.

Rosecliff Acquisition I Interest Coverage Chart

Rosecliff Acquisition I Annual Data
Trend Dec20 Dec21 Dec22
Interest Coverage
No Debt No Debt No Debt

Rosecliff Acquisition I Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Rosecliff Acquisition I's Interest Coverage

For the Shell Companies subindustry, Rosecliff Acquisition I'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.


Rosecliff Acquisition I's Interest Coverage Distribution in the Diversified Financial Services Industry

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

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



Rosecliff Acquisition I 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.

Rosecliff Acquisition I'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, Rosecliff Acquisition I's Interest Expense was $0.00 Mil. Its Operating Income was $-1.25 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Rosecliff Acquisition I had no debt (1).

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

Here, for the three months ended in Jun. 2023, Rosecliff Acquisition I's Interest Expense was $0.00 Mil. Its Operating Income was $-1.48 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Rosecliff Acquisition I had no debt (1).

* 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.


Rosecliff Acquisition I  (NAS:RCLFU) 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 .


Rosecliff Acquisition I Interest Coverage Related Terms

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


Rosecliff Acquisition I (Rosecliff Acquisition I) Business Description

Traded in Other Exchanges
N/A
Address
767 5th Avenue, 34th Floor, New York, NY, USA, 10153
Rosecliff Acquisition Corp I is a blank check company. It is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Glazer Capital, Llc 10 percent owner 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer 10 percent owner 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Brian J Radecki director C/O COSTAR GROUP, INC., 1331 L STREET, NW, WASHINGTON DC 20005
Jordan Zimmerman director, officer: President 2200 W. COMMERCIAL BLVD., 3RD FLOOR, FORT LAUDERDALE FL 33309
Kieran Goodwin director, officer: Chief Financial Officer 925 PARK AVENUE 11B, NEW YORK NY 10028
Rosecliff Acquisition Sponsor I Llc director, 10 percent owner, officer: Chief Executive Officer 767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Edmonds Franklin S. Jr. director 767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Heather Bellini director 767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Michael Patrick Murphy 10 percent owner 767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153

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