CCA Industries (CCA Industries) Interest Coverage : 0 (At Loss) (As of Aug. 2023)

CCA Industries Interest Coverage Chart

CCA Industries Annual Data
	Trend	Nov09	Nov10	Nov11	Nov12	Nov13	Nov14	Nov15	Nov16	Nov17	Nov18
Interest Coverage		Get a 7-Day Free Trial					-	-	4.67	6.91	1.13

CCA Industries Quarterly Data
	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Aug22	Aug23
Interest Coverage	Get a 7-Day Free Trial															-	-	8.64	-	-

Competitive Comparison of CCA Industries's Interest Coverage

For the Household & Personal Products subindustry, CCA Industries'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.

CCA Industries's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, CCA Industries's Interest Coverage distribution charts can be found below:

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

CCA Industries 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

CCA Industries's Interest Coverage for the fiscal year that ended in Nov. 2018 is calculated as

Here, for the fiscal year that ended in Nov. 2018, CCA Industries's Interest Expense was $-0.49 Mil. Its Operating Income was $0.55 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.84 Mil.

CCA Industries's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Here, for the three months ended in Aug. 2023, CCA Industries's Interest Expense was $-0.05 Mil. Its Operating Income was $-0.46 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

* 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.

CCA Industries  (OTCPK:CAWW) 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 .

CCA Industries Interest Coverage Related Terms

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CCA Industries (CCA Industries) Business Description