Castle Brands (Castle Brands) Interest Coverage : 0 (At Loss) (As of Jun. 2019)

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What is Castle Brands 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. Castle Brands's Operating Income for the three months ended in Jun. 2019 was $-0.03 Mil. Castle Brands's Interest Expense for the three months ended in Jun. 2019 was $-1.21 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 Castle Brands's Interest Coverage or its related term are showing as below:

ROX's Interest Coverage is not ranked ^*
in the Beverages - Alcoholic industry.
Industry Median: 8.83
* 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.

Castle Brands Interest Coverage Historical Data

The historical data trend for Castle Brands'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.

Castle Brands Interest Coverage Chart

Castle Brands Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Interest Coverage

Get a 7-Day Free Trial

0.92

1.43

1.11

0.80

Castle Brands Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Interest Coverage	Get a 7-Day Free Trial															0.65	0.95	-	2.34	-

Competitive Comparison of Castle Brands's Interest Coverage

For the Beverages - Wineries & Distilleries subindustry, Castle Brands'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.

Castle Brands's Interest Coverage Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Castle Brands's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Castle Brands's Interest Coverage falls into.

Castle Brands 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.

Castle Brands's Interest Coverage for the fiscal year that ended in Mar. 2019 is calculated as

Here, for the fiscal year that ended in Mar. 2019, Castle Brands's Interest Expense was $-4.59 Mil. Its Operating Income was $3.66 Mil. And its Long-Term Debt & Capital Lease Obligation was $47.03 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2019 )	/	Interest Expense (A: Mar. 2019 )
	=	-1	*	3.655	/	-4.591
	=	0.80

Castle Brands's Interest Coverage for the quarter that ended in Jun. 2019 is calculated as

Here, for the three months ended in Jun. 2019, Castle Brands's Interest Expense was $-1.21 Mil. Its Operating Income was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $46.84 Mil.

Castle Brands did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Castle Brands (AMEX:ROX) 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 .

Castle Brands Interest Coverage Related Terms

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

Castle Brands (Castle Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Castle Brands Inc (AMEX:ROX) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

122 East 42nd Street, Suite 5000, New York, NY, USA, 10168

Website

http://www.castlebrandsinc.com

Castle Brands Inc is a US based company engaged in developing and marketing premium and super premium brands in the beverage alcohol categories. Its product categories include rum, whiskey, liqueurs, vodka, tequila, wine, and other spirits, as well as ginger beer and ready-to-drink cocktails. Geographically business presence of the firm can be seen across the US and international market. The products are offered under Gosling's rum, Gosling's Stormy Ginger Beer, Jefferson's Bourbon, Jefferson's Reserve, Barrel Finished Cocktail, Jefferson's Presidential Select, Jefferson's Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Brady's Irish Cream, Boru vodka, Gozio amaretto in many other brands. Castle derives revenue from the sale of these beverages.

Executives

Frost Phillip Md Et Al	director, 10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Frost Gamma Investments Trust	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137
Richard M Krasno	director	C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 31337
Richard Lampen	director, officer: President and CEO	4400 BISCAYNE BLVD.; 10TH FLOOR, MIAMI FL 33137
Mark Zeitchick	director	GBI CAPITAL MANAGEMENT CORP, 1055 STEWART AVE, BETHPAGE NY 11714
Frost Nevada Investments Trust	10 percent owner	4400 BISCAYNE BOULEVARD, 15TH FLOOR, MIAMI FL 33137
Steven D Rubin	director	OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 33137
Henry C Beinstein	director	8 DOGWOOD LANE, LARCHMONT NY 10538-3418
Glenn L Halpryn	director	4400 BISCAYNE BOULEVARD, SUITE 950, MIAMI FL 33137
Harvey P Eisen	director	100 SOUTH BEDFORD ROAD, MT KISCO NY 10549
Vector Group Ltd	10 percent owner	4400 BISCAYNE BOULEVARD, 10TH FLOOR, MIAMI FL 33137
Robert J Flanagan	director	C/O SAGENT PHARMACEUTICALS, INC., 1901 NORTH ROSELLE ROAD, SUITE 700, SCHAUMBURG IL 60195
Seth Weinberg	officer: SVP, General Counsel&Secretary	C/O CASTLE BRANDS INC., 570 LEXINGTON AVENUE, NEW YORK NY 10022
Mellon Hbv Alternative Strategies Llc	10 percent owner	49 WEST MERRICK ROAD, SUITE 202, FREEPORT NY 11520