Fat Projects Acquisition (Fat Projects Acquisition) Interest Coverage : 0 (At Loss) (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Fat Projects 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. Fat Projects Acquisition's Operating Income for the three months ended in Jun. 2023 was $-0.48 Mil. Fat Projects Acquisition's Interest Expense for the three months ended in Jun. 2023 was $-0.31 Mil. did not have earnings to cover the interest expense. 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 Fat Projects Acquisition's Interest Coverage or its related term are showing as below:

FATP'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.

Fat Projects Acquisition Interest Coverage Historical Data

The historical data trend for Fat Projects 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.

Fat Projects Acquisition Interest Coverage Chart

Fat Projects Acquisition Annual Data

Trend

Dec21

Dec22

Interest Coverage

No Debt

Fat Projects Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Coverage	Get a 7-Day Free Trial				No Debt	No Debt	No Debt	-	-

Competitive Comparison of Fat Projects Acquisition's Interest Coverage

For the Shell Companies subindustry, Fat Projects 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.

Fat Projects Acquisition's Interest Coverage Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Fat Projects Acquisition's Interest Coverage falls into.

Fat Projects 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.

Fat Projects Acquisition's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Fat Projects Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-2.49 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Fat Projects Acquisition had no debt ⁽¹⁾.

Fat Projects Acquisition's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Fat Projects Acquisition's Interest Expense was $-0.31 Mil. Its Operating Income was $-0.48 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Fat Projects Acquisition did not have earnings to cover the interest expense.

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

Fat Projects Acquisition (NAS:FATP) 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 .

Fat Projects Acquisition Interest Coverage Related Terms

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

Fat Projects Acquisition (Fat Projects Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fat Projects Acquisition Corp (NAS:FATP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

27 Bukit Manis Road, Sentosa Golf Club, Singapore, SGP, 099892

Website

https://www.fatprojectscorp.com

Fat Projects Acquisition Corp is a blank check company.

Executives

David E Shaw	10 percent owner	120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
D. E. Shaw Valence Portfolios, L.l.c.	10 percent owner	120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.p.	10 percent owner	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.l.c.	10 percent owner	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
Aqr Capital Management Holdings, Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Fat Projects International Investments & Holdings Ltd	10 percent owner	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Aqr Capital Management Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Arbitrage Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Fat Projects Spac Pte. Ltd.	10 percent owner	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Stan Sugarman	director	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Tristan Lo	director, 10 percent owner, officer: Co-Chief Executive Officer	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Tina Wyer	director	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Nils Michaelis	officer: President, COO, Head of M&A	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892
Samir Addamine	director	27 BUKIT MANIS ROAD, SENTOSA GOLF CLUB, SINGAPORE U0 099892