SEP Acquisition (SEP Acquisition) Interest Expense : $-0.33 Mil (TTM As of Mar. 2024)

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What is SEP Acquisition Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SEP Acquisition's interest expense for the three months ended in Mar. 2024 was $ -0.25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.33 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. SEP Acquisition's Operating Income for the three months ended in Mar. 2024 was $ -1.21 Mil. SEP Acquisition's Interest Expense for the three months ended in Mar. 2024 was $ -0.25 Mil. SEP 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.

SEP Acquisition Interest Expense Historical Data

The historical data trend for SEP 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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SEP Acquisition Interest Expense Chart

SEP Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.10

SEP Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial								-0.01	-0.01	-0.03	-0.04	-0.25

SEP 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.33 Mil.

SEP Acquisition (NAS:SEPA) 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.

SEP Acquisition's Interest Expense for the three months ended in Mar. 2024 was $-0.25 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-1.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

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

SEP Acquisition did not have earnings to cover the interest expense.

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

SEP Acquisition (SEP Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SEP Acquisition Corp (NAS:SEPA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3737 Buffalo Speedway, Suite 1750, Houston, TX, USA, 77098

Website

https://www.seplp.com

SEP Acquisition Corp is a blank check company. It is formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Marshall Blair Garrou	director, 10 percent owner	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
David L. Magdol	director	1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Mia Mends	director	5254 BIRDWOOD ROAD, HOUSTON TX 77096
Jay Gardner	director	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Mercury Sponsor Group I Llc	10 percent owner	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Robert Andrew White	director, 10 percent owner, officer: President and CEO	3737 BUFFALO SPEEDWAY, HOUSTON TX 77098
Winston Gilpin	officer: CFO and Secretary	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Carolyn Rodz	director	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Christine Cardenas	officer: VP and Chief Strategy Officer	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098

SEP Acquisition (SEP Acquisition) Headlines

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