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Denali Capital Acquisition (Denali Capital Acquisition) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Denali 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. Denali Capital Acquisition's Operating Income for the three months ended in Mar. 2024 was $-0.37 Mil. Denali Capital Acquisition's Interest Expense for the three months ended in Mar. 2024 was $-0.02 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Denali Capital Acquisition's Interest Coverage or its related term are showing as below:


DECA'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.


Denali Capital Acquisition Interest Coverage Historical Data

The historical data trend for Denali 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.

* Premium members only.

Denali Capital Acquisition Interest Coverage Chart

Denali Capital Acquisition Annual Data
Trend Dec22 Dec23
Interest Coverage
- -

Denali Capital Acquisition Quarterly Data
Jan22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only - - - - -

Competitive Comparison of Denali Capital Acquisition's Interest Coverage

For the Shell Companies subindustry, Denali 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.


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

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

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



Denali 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.

Denali Capital Acquisition'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, Denali Capital Acquisition's Interest Expense was $-0.04 Mil. Its Operating Income was $-3.17 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

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

Denali Capital Acquisition's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Denali Capital Acquisition's Interest Expense was $-0.02 Mil. Its Operating Income was $-0.37 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

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

* 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.


Denali Capital Acquisition  (NAS:DECA) 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 .


Denali Capital Acquisition Interest Coverage Related Terms

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Denali Capital Acquisition (Denali Capital Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
437 Madison Avenue, 27th Floor, New York, NY, USA, 10022
Website
Denali Capital Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
Executives
Huifeng Chang director 10 EASTERN DRIVE, PRINCENTON JUNCTION NJ 08550
Kevin Vassily director C/O IPOWER INC., 2399 BATEMAN AVENUE, DUARTE CA 91010
Lei Huang director, officer: Chief Executive Officer 3 STONER AVE, GREAT NECK NY 10021
Jim Mao director C/O DENALI CAPITAL ACQUISITION CORP., 437 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022
You Sun officer: Chief Financial Officer C/O DENALI CAPITAL ACQUISITION CORP., 437 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Jiandong Xu 10 percent owner C/O DENALI CAPITAL ACQUISITION CORP., 437 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Denali Capital Global Investments Llc 10 percent owner C/O DENALI CAPITAL ACQUISITION CORP., 437 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022

Denali Capital Acquisition (Denali Capital Acquisition) Headlines

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