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SDCL EDGE Acquisition (SDCL EDGE Acquisition) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is SDCL EDGE 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. SDCL EDGE Acquisition's Operating Income for the three months ended in Mar. 2024 was $-5.18 Mil. SDCL EDGE Acquisition's Interest Expense for the three months ended in Mar. 2024 was $-0.01 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 SDCL EDGE Acquisition's Interest Coverage or its related term are showing as below:


SEDA'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.

SDCL EDGE Acquisition Interest Coverage Historical Data

The historical data trend for SDCL EDGE 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.

SDCL EDGE Acquisition Interest Coverage Chart

SDCL EDGE Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
No Debt No Debt -

SDCL EDGE Acquisition Quarterly Data
Feb21 Jun21 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 Premium Member Only No Debt No Debt No Debt No Debt -

Competitive Comparison of SDCL EDGE Acquisition's Interest Coverage

For the Shell Companies subindustry, SDCL EDGE 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.

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

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

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


SDCL EDGE 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.

SDCL EDGE 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, SDCL EDGE Acquisition's Interest Expense was $-0.00 Mil. Its Operating Income was $-8.01 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

SDCL EDGE Acquisition did not have earnings to cover the interest expense.

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

Here, for the three months ended in Mar. 2024, SDCL EDGE Acquisition's Interest Expense was $-0.01 Mil. Its Operating Income was $-5.18 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

SDCL EDGE 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.

SDCL EDGE Acquisition  (NYSE:SEDA) 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 .

SDCL EDGE Acquisition Interest Coverage Related Terms

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

SDCL EDGE Acquisition (SDCL EDGE Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SDCL EDGE Acquisition Corp (NYSE:SEDA) » Definitions » Interest Coverage
Comparable Companies
PRLH LOCC CDAQ BOCN SKGR PLAO APTM APCA MNTN JWSM PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
60 East 42nd Street, Suite 1100, New York, NY, USA, 10165
Website
https://www.sdcledge.com
SDCL EDGE Acquisition Corp is a blank check company.
Executives
Karl E. Olsoni director C/O SDCL EDGE ACQUISITION CORP, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Guy Hands 10 percent owner OLD BANK CHAMBERS, LA GRANDE RUE, ST MARTIN'S Y7 GY4 6RT
Seaside Holdings (nominee) Ltd 10 percent owner PO BOX 286, 2ND FLOOR, TRAFALGAR COURT, LES BANQUES, ST PETER PORT Y7 GY1 4LY
Sustainable Investors Fund, Lp 10 percent owner 250 UNIVERSITY AVENUE, SUITE 300, PALO ALTO CA 94301
Sif Partners, Llc 10 percent owner 250 UNIVERSITY AVE, SUITE 300, PALO ALTO CA 94301
Steven J Gilbert director 540 MADISON AVE, 40TH FL, NEW YORK NY 10022
William V. Kriegel director 330 MADISON AVENUE, 25TH FLOOR, NEW YORK NY 10017
Sdcl Edge Sponsor Llc 10 percent owner PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Sdcl Edge Acquisition Corp 10 percent owner PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Machado Fernandes Ana Maria director PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Michael Naylor director PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Lolita Jackson director PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Edward Wilson Davis officer: CFO PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Jonathan Maxwell director, 10 percent owner, officer: Co-Chief Executive Officer PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Michael Trattner Feldman officer: Co-CEO PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104