What is Blue Ocean Acquisition Financial Strength?
Blue Ocean Acquisition has the Financial Strength Rank of 5.
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.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Blue Ocean Acquisition did not have earnings to cover the interest expense.
As of today, Blue Ocean Acquisition's Altman Z-Score is 0.00.
Competitive Comparison of Blue Ocean Acquisition's Financial Strength
For the Shell Companies subindustry, Blue Ocean Acquisition'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.
Blue Ocean Acquisition's Financial Strength Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Blue Ocean Acquisition's Financial Strength distribution charts can be found below:
* The bar in red indicates where Blue Ocean Acquisition's Financial Strength falls into.
Blue Ocean Acquisition Financial Strength Calculation
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:
Blue Ocean Acquisition's Interest Expense for the
months ended in Mar. 2024 was $-0.00 Mil. Its Operating Income for the
months ended in Mar. 2024 was $-0.99 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.
Blue Ocean Acquisition's Interest Coverage for the quarter that ended in Mar. 2024 is
| Blue Ocean Acquisition 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.
Blue Ocean Acquisition's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
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.
Blue Ocean Acquisition 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.
Blue Ocean Acquisition (Blue Ocean Acquisition) Business Description
Traded in Other Exchanges
N/A
Address
2 Wisconsin Circle, 7th Floor, Chevy Chase, MD, USA, 20815
Blue Ocean Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
| Matt Lasov |
officer: Chief Financial Officer |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Richard Jr Leggett |
officer: Chief Executive Officer |
C/O RISKMETRICS GROUP, INC., 2099 GAITHER ROAD, ROCKVILLE MD 20850 |
| Apollo Management Holdings Gp, Llc |
10 percent owner |
9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
| Apollo Capital Management Gp, Llc |
10 percent owner |
9 WEST 57TH STREET, NEW YORK NY 10019 |
| Apollo Spac Fund I, L.p. |
10 percent owner |
27 HOSPITAL ROAD, GEORGE TOW E9 KY1-9008 |
| Paul J Bascobert |
director, officer: Chief Executive Officer |
20 W. KINZIE ST, SUITE 1600, CHICAGO IL 60610 |
| Joel Motley |
director |
6803 SOUTH TUCSON WAY, CENTENNIAL CO 80112-3924 |
| Norman Pearlstine |
director |
C/O TIME INC., 225 LIBERTY STREET, NEW YORK NY 10281 |
| Ankur Manglik |
director, officer: Chief Strategy Officer & CFO |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Marcus Brauchli |
director, officer: Chairman |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Sean Glodek |
director, officer: Vice President |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Matt Goldberg |
director |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Priscilla Han |
director |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Dale Mathias |
director |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
| Blue Ocean Sponsor Llc |
10 percent owner |
2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815 |
Blue Ocean Acquisition (Blue Ocean Acquisition) Headlines
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