Adit Edtech Acquisition (Adit Edtech Acquisition) Interest Expense : $-0.02 Mil (TTM As of Sep. 2023)

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What is Adit Edtech Acquisition Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Adit Edtech Acquisition's interest expense for the three months ended in Sep. 2023 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.02 Mil.

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. Adit Edtech Acquisition's Operating Income for the three months ended in Sep. 2023 was $ -0.51 Mil. Adit Edtech Acquisition's Interest Expense for the three months ended in Sep. 2023 was $ -0.01 Mil. Adit Edtech Acquisition did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Adit Edtech Acquisition Interest Expense Historical Data

The historical data trend for Adit Edtech Acquisition's Interest Expense 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.

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Adit Edtech Acquisition Interest Expense Chart

Adit Edtech Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Interest Expense

Adit Edtech Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial							-	-	-	-0.01	-0.01

Adit Edtech Acquisition Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.02 Mil.

Adit Edtech Acquisition (AMEX:ADEX) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Adit Edtech Acquisition's Interest Expense for the three months ended in Sep. 2023 was $-0.01 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.00 Mil.

Adit Edtech Acquisition's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Adit Edtech Acquisition did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Adit Edtech Acquisition (Adit Edtech Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adit Edtech Acquisition Corp (AMEX:ADEX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1345 Avenue of the Americas, 33rd Floor, New York, NY, USA, 10105

Website

https://www.aditedtech.com

Adit Edtech Acquisition Corp is a blank check company.

Executives

Sharmila Kassam	director	4103 IDLEWILD ROAD, AUSTIN TX 78731
Elizabeth B. Porter	officer: See Remarks	44 FENNO RD, NEWTON MA 02459
David L. Shrier	director, officer: President and CEO	250 1ST AVE, UNIT 336, CHARLESTOWN MA 02129
Jacob Cohen	director	613 PLEASANT STREET, BELMONT MA 02478
Sheldon H. Levy	director	704 BALLIOL STREET, TORONTO Z4 M4S 1E7
John J. D'agostino	officer: See Remarks	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Adit Edtech Sponsor, Llc	10 percent owner	515 NORTH FLAGLER DRIVE, SUITE P-300, WEST PALM BEACH FL 33401
Eric L Munson	director	1100 SE ATLANTIC DRIVE, LANTANA FL 33462