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Coliseum Acquisition (Coliseum Acquisition) Interest Coverage : No Debt (1) (As of Dec. 2023)


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What is Coliseum 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. Coliseum Acquisition's Operating Income for the three months ended in Dec. 2023 was $-0.72 Mil. Coliseum Acquisition's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Coliseum 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 Coliseum Acquisition's Interest Coverage or its related term are showing as below:

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


MITA's Interest Coverage is ranked better than
99.77% of 428 companies
in the Diversified Financial Services industry
Industry Median: No Debt vs MITA: 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.


Coliseum Acquisition Interest Coverage Historical Data

The historical data trend for Coliseum 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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Coliseum Acquisition Interest Coverage Chart

Coliseum Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
No Debt No Debt No Debt

Coliseum Acquisition Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Coliseum Acquisition's Interest Coverage

For the Shell Companies subindustry, Coliseum 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.


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

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

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



Coliseum 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.

Coliseum 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, Coliseum Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-1.93 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Coliseum Acquisition had no debt (1).

Coliseum Acquisition's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Coliseum Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-0.72 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Coliseum 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.


Coliseum Acquisition  (NAS:MITA) 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 .


Coliseum Acquisition Interest Coverage Related Terms

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


Coliseum Acquisition (Coliseum Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
80 Pine Street, Suite 3202, New York, NY, USA, 10005
Coliseum Acquisition Corp is a blank check company.
Executives
Walter E Skowronski director 6903 ROCKLEDGE DRIVE, BETHESDA MD 20817
Roland Rapp director 27442 PORTOLA PARKWAY, SUITE 200, FOOTHILL RANCH CA 92610
Charles Wert officer: Chief Executive Officer 200 PARK AVENUE, NEW YORK NY 10166
Kenneth Rivers director C/O COLISEUM ACQUISITION CORP., 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Oanh Truong officer: Chief Financial Officer C/O COLISEUM ACQUISITION CORP., 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Harry L. You director, 10 percent owner, officer: See Remarks EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Andrew R Heyer director 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
James Lanzone director 3000 CLEARVIEW WAY, SAN MATEO CA 94402
Coliseum Acquisition Sponsor Llc 10 percent owner 80 PINE STREET SUITE 3202, NEW YORK NY 10005
Daniel Haimovic director, 10 percent owner, officer: Co-Chief Executive Officer 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Andrew Fishkoff officer: COO / General Counsel 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Jason Beren officer: Chief Financial Officer 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Romitha Mally director 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Ezra Kucharz director 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Jason W. Stein director, 10 percent owner, officer: Co-Chief Executive Officer 80 PINE STREET, SUITE 3202, NEW YORK NY 10005