The Limestone Boat Co (The Limestone Boat Co) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is The Limestone Boat Co 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. The Limestone Boat Co's Operating Income for the three months ended in Dec. 2023 was $-0.47 Mil. The Limestone Boat Co's Interest Expense for the three months ended in Dec. 2023 was $-0.74 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 The Limestone Boat Co's Interest Coverage or its related term are showing as below:

LMSBF's Interest Coverage is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 7.88
* 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.

The Limestone Boat Co Interest Coverage Historical Data

The historical data trend for The Limestone Boat Co'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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The Limestone Boat Co Interest Coverage Chart

The Limestone Boat Co Annual Data

Trend

Dec20

Interest Coverage

The Limestone Boat Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of The Limestone Boat Co's Interest Coverage

For the Recreational Vehicles subindustry, The Limestone Boat Co'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.

The Limestone Boat Co's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, The Limestone Boat Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where The Limestone Boat Co's Interest Coverage falls into.

The Limestone Boat Co 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.

The Limestone Boat Co's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, The Limestone Boat Co's Interest Expense was $-0.01 Mil. Its Operating Income was $-1.25 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

The Limestone Boat Co did not have earnings to cover the interest expense.

The Limestone Boat Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, The Limestone Boat Co's Interest Expense was $-0.74 Mil. Its Operating Income was $-0.47 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.42 Mil.

The Limestone Boat Co did not have earnings to cover the interest expense.

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

The Limestone Boat Co (OTCPK:LMSBF) 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 .

The Limestone Boat Co Interest Coverage Related Terms

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The Limestone Boat Co (The Limestone Boat Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » The Limestone Boat Co Ltd (OTCPK:LMSBF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

BOAT:Canada

Address

64 Hurontario Street, Collingwood, ON, CAN, L9Y 2L6

Website

https://www.limestoneboatcompany.com

The Limestone Boat Co Ltd is an owner and builder of Aquasport Boat, Limestone Boat, and Boca Bay boat brands. The company is backed by a large, skilled labor force and dealer partners throughout the United States and the Canadian Great Lakes Region.