CVII (Churchill Capital VII) Interest Coverage : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Churchill Capital VII 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. Churchill Capital VII's Operating Income for the three months ended in Jun. 2024 was $-1.28 Mil. Churchill Capital VII's Interest Expense for the three months ended in Jun. 2024 was $0.00 Mil. Churchill Capital VII 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 Churchill Capital VII's Interest Coverage or its related term are showing as below:

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

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

Churchill Capital VII Interest Coverage Historical Data

The historical data trend for Churchill Capital VII'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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Churchill Capital VII Interest Coverage Chart

Churchill Capital VII Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Coverage

No Debt

Churchill Capital VII Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Coverage	Get a 7-Day Free Trial										No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Churchill Capital VII's Interest Coverage

For the Shell Companies subindustry, Churchill Capital VII'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.

Churchill Capital VII's Interest Coverage Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Churchill Capital VII's Interest Coverage falls into.

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Churchill Capital VII 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.

Churchill Capital VII's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Churchill Capital VII's Interest Expense was $0.00 Mil. Its Operating Income was $-6.60 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Churchill Capital VII had no debt ⁽¹⁾.

Churchill Capital VII's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, Churchill Capital VII's Interest Expense was $0.00 Mil. Its Operating Income was $-1.28 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Churchill Capital VII had no debt ⁽¹⁾.

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

Churchill Capital VII (NAS:CVII) 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 .

Churchill Capital VII Interest Coverage Related Terms

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

Churchill Capital VII Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Churchill Capital Corp VII (NAS:CVII) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

640 Fifth Avenue, 12th Floor, New York, NY, USA, 10019

Website

https://vii.churchillcapitalcorp.com

Churchill Capital Corp VII is a blank check company.

Executives

Magnetar Financial Llc	10 percent owner	1603 ORRINGTON AVE., 13TH FLOOR, EVANSTON IL 60201
Atlas Merchant Capital Llc	10 percent owner	477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Magnetar Capital Partners Lp	10 percent owner	1603 ORRINGTON AVE., 13TH FLOOR, EVANSTON IL 60201
Supernova Management Llc	10 percent owner	1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
David J. Snyderman	10 percent owner	C/O MAGNETAR FINANCIAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Alan Schrager	director	C/O OHA INVESTMENT CORPORATION, 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Stephen Anthony Murphy	director	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Andrew Frankle	director	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Malcolm Stephen Mcdermid	director	C/O CTC MY CFO, P.O. BOX 10195, DEPT. 1173, PALO ALTO CA 94303
Churchill Sponsor Vii Llc	10 percent owner	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Lee Jay Taragin	officer: Chief Financial Officer	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Bonnie Jonas	director	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Michael Stuart Klein	director, 10 percent owner, officer: See Remarks	C/O DAVIS POLK & WARDWELL, 450 LEXINGTON AVENUE, NEW YORK NY 10017
M. Klein Associates, Inc.	10 percent owner	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Glenn R August	director	C/O OHA - 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036