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Games & Esports Experience Acquisition (Games & Esports Experience Acquisition) Interest Coverage : No Debt (1) (As of Dec. 2022)


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What is Games & Esports Experience 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. Games & Esports Experience Acquisition's Operating Income for the three months ended in Dec. 2022 was $-0.95 Mil. Games & Esports Experience Acquisition's Interest Expense for the three months ended in Dec. 2022 was $0.00 Mil. Games & Esports Experience Acquisition has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Games & Esports Experience Acquisition Corp has no debt.

(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 Games & Esports Experience Acquisition's Interest Coverage or its related term are showing as below:

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


GEEXU's Interest Coverage is not ranked
in the Diversified Financial Services industry.
Industry Median: No Debt vs GEEXU: 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.


Games & Esports Experience Acquisition Interest Coverage Historical Data

The historical data trend for Games & Esports Experience 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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Games & Esports Experience Acquisition Interest Coverage Chart

Games & Esports Experience Acquisition Annual Data
Trend Dec21 Dec22
Interest Coverage
No Debt No Debt

Games & Esports Experience Acquisition Quarterly Data
Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Interest Coverage Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Games & Esports Experience Acquisition's Interest Coverage

For the Shell Companies subindustry, Games & Esports Experience 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.


Games & Esports Experience Acquisition's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Games & Esports Experience Acquisition's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Games & Esports Experience Acquisition's Interest Coverage falls into.



Games & Esports Experience 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.

Games & Esports Experience 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, Games & Esports Experience Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-1.81 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Games & Esports Experience Acquisition had no debt (1).

Games & Esports Experience Acquisition's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the three months ended in Dec. 2022, Games & Esports Experience Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-0.95 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Games & Esports Experience 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.


Games & Esports Experience Acquisition  (NAS:GEEXU) 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 .


Games & Esports Experience Acquisition Interest Coverage Related Terms

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


Games & Esports Experience Acquisition (Games & Esports Experience Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
7381 La Tijera Blvd., P.O. Box 452118, Los Angeles, CA, USA, 90045
Games & Esports Experience Acquisition Corp is a newly incorporated blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Games & Esports Experience Acquisition (Games & Esports Experience Acquisition) Headlines