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OceanTech Acquisitions I has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.OceanTech Acquisitions I did not have earnings to cover the interest expense. As of today, OceanTech Acquisitions I's Altman Z-Score is 0.00.
For the Shell Companies subindustry, OceanTech Acquisitions I's Financial Strength, along with its competitors' market caps and Financial Strength 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.
For the Diversified Financial Services industry and Financial Services sector, OceanTech Acquisitions I's Financial Strength distribution charts can be found below:
* The bar in red indicates where OceanTech Acquisitions I's Financial Strength falls into.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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:
OceanTech Acquisitions I's Interest Expense for the months ended in Dec. 2023 was $-0.04 Mil. Its Operating Income for the months ended in Dec. 2023 was $-0.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.
OceanTech Acquisitions I's Interest Coverage for the quarter that ended in Dec. 2023 is
OceanTech Acquisitions I did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
OceanTech Acquisitions I's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (1.652 | + | 0) | / | 0 | |
= | N/A |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
OceanTech Acquisitions I has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* 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.
OceanTech Acquisitions I (OTCPK:OTAC) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
OceanTech Acquisitions I has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of OceanTech Acquisitions I's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Knuettel Ii Francis | officer: Chief Financial Officer | 205 NEWBURY ST, SUITE 204, FRAMINGHAM MA 01701 |
Aspire Acquistion Llc | 10 percent owner | 515 MADISON AVE., SUITE 8078, NEW YORK NY 10022 |
Srinivasan Venkatesh | director | 2 CEDAR GATE COURT, LIVINGSTON NJ 07039 |
Siva Saravanan | director | 334 REZZO STREET, LAS VEGAS NV 89138 |
Donald G. Fell | director | 17537 DARBY LANE, LUTZ FL 33558 |
Michael L Peterson | director | 17 CANARY COURT, DANVILLE CA 94526 |
Owl Creek Asset Management, L.p. | 10 percent owner | 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019 |
Jeffrey A Altman | 10 percent owner | 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019 |
Mitchell I Gordon | director | C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022 |
Philippe Franchet | director | C/O OCEANTECH ACQUISITONS I CORP, 515 MADISON AVENUE, NEW YORK X1 1002 |
Ken Hickling | officer: Chief Operations Officer | C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE, 8TH FLOOR - SUITE 8133, NEW YORK NY 10022 |
Charles Baumgartner | officer: Chief Financial Officer | C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022 |
Joseph Adir | director, 10 percent owner, officer: Chief Executive Officer | C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022 |
Eric Blair | director | C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE., 8TH FLOOR - SUITE 8133, NEW YORK NY 10022 |
Oceantech Acquisitions I Sponsors Llc | 10 percent owner | C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVE, 8TH FLOOR - SUITE8133, NEW YORK NY 10022 |
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