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Affinity Beverage Group (Affinity Beverage Group) Interest Coverage : No Debt (1) (As of Sep. 2006)


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What is Affinity Beverage Group 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. Affinity Beverage Group's Operating Income for the three months ended in Sep. 2006 was $-0.01 Mil. Affinity Beverage Group's Interest Expense for the three months ended in Sep. 2006 was $0.00 Mil. Affinity Beverage Group has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Affinity Beverage Group's Interest Coverage or its related term are showing as below:


ABVG's Interest Coverage is not ranked *
in the Beverages - Non-Alcoholic industry.
Industry Median: 20.04
* 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.


Affinity Beverage Group Interest Coverage Historical Data

The historical data trend for Affinity Beverage Group'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.

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Affinity Beverage Group Interest Coverage Chart

Affinity Beverage Group Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05
Interest Coverage
Get a 7-Day Free Trial No Debt No Debt No Debt N/A No Debt

Affinity Beverage Group Quarterly Data
Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A No Debt No Debt No Debt No Debt

Competitive Comparison of Affinity Beverage Group's Interest Coverage

For the Beverages - Non-Alcoholic subindustry, Affinity Beverage Group'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.


Affinity Beverage Group's Interest Coverage Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Affinity Beverage Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Affinity Beverage Group's Interest Coverage falls into.



Affinity Beverage Group 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.

Affinity Beverage Group's Interest Coverage for the fiscal year that ended in Dec. 2005 is calculated as

Here, for the fiscal year that ended in Dec. 2005, Affinity Beverage Group's Interest Expense was $0.00 Mil. Its Operating Income was $-1.23 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Affinity Beverage Group had no debt (1).

Affinity Beverage Group's Interest Coverage for the quarter that ended in Sep. 2006 is calculated as

Here, for the three months ended in Sep. 2006, Affinity Beverage Group's Interest Expense was $0.00 Mil. Its Operating Income was $-0.01 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Affinity Beverage Group had no 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.


Affinity Beverage Group  (GREY:ABVG) 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 .


Affinity Beverage Group Interest Coverage Related Terms

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Affinity Beverage Group (Affinity Beverage Group) Business Description

Traded in Other Exchanges
N/A
Address
2360 Corporate Circle, Suite 400, Henderson, NV, USA, 89074
Affinity Beverage Group Inc is focused on branded consumer product acquisition opportunities in the health and wellness sector. The company primarily targets lifestyle brands, companies, and exclusive brand distribution rights focusing on traditional and non-traditional, healthy beverage options. It will also seek opportunities in young brands specializing in all natural/organic foods, bio-food, supplements and personal care products for strategic partnerships, distribution agreements, and potential acquisition.

Affinity Beverage Group (Affinity Beverage Group) Headlines

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