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COVA Acquisition (COVA Acquisition) FCF Yield % : 0.00 (As of May. 28, 2024)


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What is COVA Acquisition FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, COVA Acquisition's Trailing 12-Month Free Cash Flow is $-1.27 Mil, and Market Cap is $395.63 Mil. Therefore, COVA Acquisition's FCF Yield % for today is 0.00%.

The historical rank and industry rank for COVA Acquisition's FCF Yield % or its related term are showing as below:


COVA's FCF Yield % is not ranked *
in the Diversified Financial Services industry.
Industry Median: -1.63
* Ranked among companies with meaningful FCF Yield % only.

COVA Acquisition's FCF Margin % for the quarter that ended in Sep. 2022 was 0.00%.


COVA Acquisition FCF Yield % Historical Data

The historical data trend for COVA Acquisition's FCF Yield % 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.

* Premium members only.

COVA Acquisition FCF Yield % Chart

COVA Acquisition Annual Data
Trend Dec20 Dec21
FCF Yield %
- -0.59

COVA Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
FCF Yield % Get a 7-Day Free Trial -0.09 -0.34 -0.01 - -1.02

Competitive Comparison of COVA Acquisition's FCF Yield %

For the Shell Companies subindustry, COVA Acquisition's FCF Yield %, along with its competitors' market caps and FCF Yield % 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.


COVA Acquisition's FCF Yield % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, COVA Acquisition's FCF Yield % distribution charts can be found below:

* The bar in red indicates where COVA Acquisition's FCF Yield % falls into.



COVA Acquisition FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

COVA Acquisition's FCF Yield % for the fiscal year that ended in Dec. 2021 is calculated as

FCF Yield %=Free Cash Flow / Market Cap
=-2.171 / 366
=-0.59%

COVA Acquisition's annualized FCF Yield % for the quarter that ended in Sep. 2022 is calculated as

FCF Yield %=Free Cash Flow * Annualized Factor / Market Cap
=-0.954 * 4 / 372.9375
=-1.02%

* 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.


COVA Acquisition FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.


COVA Acquisition FCF Yield % Related Terms

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COVA Acquisition (COVA Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
530 Bush Street, Suite 703, San Francisco, CA, USA, 94108
COVA Acquisition Corp is a blank check company.
Executives
Jun Hong Heng director, 10 percent owner, officer: Chairman, CEO and CFO C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Dhillon Karanveer K.v. director, officer: President C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Cova Acquisition Sponsor Llc 10 percent owner C/O COVA ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Pandu Sjahrir director C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Alvin Sariaatmadja director C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Jack Smith director C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108

COVA Acquisition (COVA Acquisition) Headlines