Boxed (BOXWQ) Interest Coverage : N/A (As of Sep. 2022)

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What is Boxed 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. Boxed's Operating Income for the three months ended in Sep. 2022 was $-21.59 Mil. Boxed's Interest Expense for the three months ended in Sep. 2022 was $0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

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

BOXWQ's Interest Coverage is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 7.78
* 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.

Boxed Interest Coverage Historical Data

The historical data trend for Boxed'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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Boxed Interest Coverage Chart

Boxed Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Interest Coverage

No Debt

N/A

Boxed Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Coverage	Get a 7-Day Free Trial						No Debt	N/A	N/A	N/A	N/A

Competitive Comparison of Boxed's Interest Coverage

For the Internet Retail subindustry, Boxed'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.

Boxed's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Boxed's Interest Coverage distribution charts can be found below:

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

Boxed 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.

Boxed's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Boxed's Interest Expense was $0.00 Mil. Its Operating Income was $-49.04 Mil. And its Long-Term Debt & Capital Lease Obligation was $120.33 Mil.

GuruFocus does not calculate Boxed's interest coverage with the available data.

Boxed's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Here, for the three months ended in Sep. 2022, Boxed's Interest Expense was $0.00 Mil. Its Operating Income was $-21.59 Mil. And its Long-Term Debt & Capital Lease Obligation was $133.57 Mil.

GuruFocus does not calculate Boxed's interest coverage with the available data.

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

Boxed (OTCPK:BOXWQ) 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 .

Boxed Interest Coverage Related Terms

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

Boxed (BOXWQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Boxed Inc (OTCPK:BOXWQ) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

451 Broadway, Floor 2, New York, NY, USA, 10013

Website

https://www.boxed.com

Boxed Inc is an e-commerce platform selling bulk, high-repeat consumables to consumers and businesses. It offers wholesale products such as groceries, snacks, beverages, and household and cleaning products. It operates in two segments: Boxed Retail, which generates the majority revenue; and Boxed Software & Services. Retail segment engages in the sale of consumer products and goods in bulk sizes to consumers and businesses in the continental United States. Software & Services segment relates to its research, development, marketing, and production of our propriety software for sale to third parties.