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99 Acquisition Group (99 Acquisition Group) Interest Expense : $ Mil (TTM As of Jun. 2023)


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What is 99 Acquisition Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. 99 Acquisition Group's interest expense for the three months ended in Jun. 2023 was $ 0.00 Mil. 99 Acquisition Group does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Jun. 2023.

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. 99 Acquisition Group's Operating Income for the three months ended in Jun. 2023 was $ 0.00 Mil. 99 Acquisition Group's Interest Expense for the three months ended in Jun. 2023 was $ 0.00 Mil. 99 Acquisition Group has no long-term debt (1). 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.

(1) Note: An indication of "no long-term 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.

99 Acquisition Group Interest Expense Historical Data

The historical data trend for 99 Acquisition Group'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.

* Premium members only.

99 Acquisition Group Interest Expense Chart

99 Acquisition Group Annual Data
Trend Dec22 Dec23
Interest Expense
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99 Acquisition Group Quarterly Data
Dec22 Jun23 Dec23
Interest Expense - - -

99 Acquisition Group Interest Expense Calculation

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

99 Acquisition Group  (NAS:NNAG) Interest Expense Explanation

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. The higher, the better.

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

99 Acquisition Group's Interest Expense for the three months ended in Jun. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Jun. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was $0.00 Mil.

99 Acquisition Group's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

99 Acquisition Group had no long-term 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. 99 Acquisition Group Inc has enough cash to cover all of its debt. Its financial situation is stable.

99 Acquisition Group (99 Acquisition Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 99 Acquisition Group Inc (NAS:NNAG) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
14 Noblewood Ct,, Gaithersburg, MD, USA, 20878
Website
https://www.99acquisitiongroup.com
99 Acquisition Group Inc is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.