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Mobile Lads (Mobile Lads) Interest Coverage : No Debt (1) (As of Jul. 2016)


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What is Mobile Lads 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. Mobile Lads's Operating Income for the three months ended in Jul. 2016 was $-0.64 Mil. Mobile Lads's Interest Expense for the three months ended in Jul. 2016 was $0.00 Mil. Mobile Lads 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 Mobile Lads's Interest Coverage or its related term are showing as below:


MOBO's Interest Coverage is not ranked *
in the Hardware industry.
Industry Median: 12.61
* 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.


Mobile Lads Interest Coverage Historical Data

The historical data trend for Mobile Lads'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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Mobile Lads Interest Coverage Chart

Mobile Lads Annual Data
Trend Apr13 Apr14 Apr15
Interest Coverage
No Debt No Debt No Debt

Mobile Lads Quarterly Data
Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16
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 No Debt No Debt - - No Debt

Competitive Comparison of Mobile Lads's Interest Coverage

For the Consumer Electronics subindustry, Mobile Lads'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.


Mobile Lads's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Mobile Lads's Interest Coverage distribution charts can be found below:

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



Mobile Lads 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.

Mobile Lads's Interest Coverage for the fiscal year that ended in Apr. 2015 is calculated as

Here, for the fiscal year that ended in Apr. 2015, Mobile Lads's Interest Expense was $0.00 Mil. Its Operating Income was $-0.29 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Mobile Lads had no debt (1).

Mobile Lads's Interest Coverage for the quarter that ended in Jul. 2016 is calculated as

Here, for the three months ended in Jul. 2016, Mobile Lads's Interest Expense was $0.00 Mil. Its Operating Income was $-0.64 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Mobile Lads 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.


Mobile Lads  (OTCPK:MOBO) 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 .


Mobile Lads Interest Coverage Related Terms

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


Mobile Lads (Mobile Lads) Business Description

Traded in Other Exchanges
N/A
Address
2616 Willow Wren Drive, North Las Vegas, NV, USA, 89084
Mobile Lads Corp provides consumers with a suite of products and services covering hardware and software solutions. Through its manufacturing and business partners, Mobile Lads is able to supply superior-quality smartphones and other mobile devices and services to businesses and their consumer base. Because of the relationships with its partners, the company creates residual income streams through the sale of benefits and services, including insurance and MasterCard issuance, and international money remittance.