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Direct Selling Acquisition (Direct Selling Acquisition) Interest Coverage : No Debt (1) (As of Mar. 2024)


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What is Direct Selling 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. Direct Selling Acquisition's Operating Income for the three months ended in Mar. 2024 was $-1.72 Mil. Direct Selling Acquisition's Interest Expense for the three months ended in Mar. 2024 was $0.00 Mil. Direct Selling Acquisition 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 Direct Selling Acquisition's Interest Coverage or its related term are showing as below:

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


DSAQ's Interest Coverage is ranked better than
99.75% of 395 companies
in the Diversified Financial Services industry
Industry Median: No Debt vs DSAQ: 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.


Direct Selling Acquisition Interest Coverage Historical Data

The historical data trend for Direct Selling 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.

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Direct Selling Acquisition Interest Coverage Chart

Direct Selling Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
No Debt No Debt No Debt

Direct Selling Acquisition Quarterly Data
May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Direct Selling Acquisition's Interest Coverage

For the Shell Companies subindustry, Direct Selling 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.


Direct Selling Acquisition's Interest Coverage Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Direct Selling Acquisition's Interest Coverage falls into.



Direct Selling 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.

Direct Selling 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, Direct Selling Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-4.69 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Direct Selling Acquisition had no debt (1).

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

Here, for the three months ended in Mar. 2024, Direct Selling Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-1.72 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Direct Selling Acquisition 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.


Direct Selling Acquisition  (OTCPK:DSAQ) 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 .


Direct Selling Acquisition Interest Coverage Related Terms

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


Direct Selling Acquisition (Direct Selling Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
5800 Democracy Drive, Plano, TX, USA, 75024
Direct Selling Acquisition Corp is a blank check company.
Executives
Himanshu Gulati 10 percent owner 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Antara Capital Lp 10 percent owner 55 HUDSON YARDS, 47TH FLOOR, NEW YORK NY 10001
Antara Capital Master Fund Lp 10 percent owner 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Antara Capital Fund Gp Llc 10 percent owner 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Antara Capital Gp Llc 10 percent owner 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Antara Capital Total Return Spac Master Fund Lp 10 percent owner 55 HUDSON YARDS, 47TH FLOOR, SUITE C, NEW YORK NY 10001
Antara Capital Total Return Spac Fund Gp Llc 10 percent owner 55 HUDSON YARDS, 47TH FLOOR, SUITE C, NEW YORK NY 10001
Wayne Lee Moorehead director, officer: Chief Strategy Officer 123 EAST 200 NORTH, ALPINE UT 84004
Addison John A. Jr. director 3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Dave Wentz director, officer: Chief Executive Officer 308 W 300, S #203, SALT LAKE CITY UT 84101
Bradford Richardson director 3838 WEST PARKWAY BLVD, SALT LAKE CITY UT 84120
Travis Ogden director C/O DIRECT SELLING ACQUISITION CORP., 5800 DEMOCRACY DRIVE, PLANO TX 75024
Mike Lohner director, officer: Chief Financial Officer C/O DIRECT SELLING ACQUISITION CORP., 5800 DEMOCRACY DRIVE, PLANO TX 75024
Heather Chastain director C/O DIRECT SELLING ACQUISITION CORP., 5800 DEMOCRACY DRIVE, PLANO TX 75024
Dsac Partners Llc 10 percent owner C/O DIRECT SELLING ACQUISITION CORP., 5800 DEMOCRACY DRIVE, PLANO TX 75024