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Maverick Lifestyle (Maverick Lifestyle) Interest Coverage : 0 (At Loss) (As of Jun. 2023)


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What is Maverick Lifestyle 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. Maverick Lifestyle's Operating Income for the three months ended in Jun. 2023 was $-0.37 Mil. Maverick Lifestyle's Interest Expense for the three months ended in Jun. 2023 was $-0.16 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 Maverick Lifestyle's Interest Coverage or its related term are showing as below:


MVRK's Interest Coverage is not ranked *
in the Tobacco Products industry.
Industry Median: 15.82
* 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.

Maverick Lifestyle Interest Coverage Historical Data

The historical data trend for Maverick Lifestyle'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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Maverick Lifestyle Interest Coverage Chart

Maverick Lifestyle Annual Data
Trend Dec20 Dec21 Dec22
Interest Coverage
N/A - -

Maverick Lifestyle Quarterly Data
Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Interest Coverage Get a 7-Day Free Trial - - N/A - -

Competitive Comparison of Maverick Lifestyle's Interest Coverage

For the Tobacco subindustry, Maverick Lifestyle'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.

Maverick Lifestyle's Interest Coverage Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Maverick Lifestyle's Interest Coverage distribution charts can be found below:

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


Maverick Lifestyle 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.

Maverick Lifestyle's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Maverick Lifestyle's Interest Expense was $-0.88 Mil. Its Operating Income was $-1.08 Mil. And its Long-Term Debt & Capital Lease Obligation was $8.05 Mil.

Maverick Lifestyle did not have earnings to cover the interest expense.

Maverick Lifestyle's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Maverick Lifestyle's Interest Expense was $-0.16 Mil. Its Operating Income was $-0.37 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.03 Mil.

Maverick Lifestyle did not have earnings to cover the interest expense.

* 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.

Maverick Lifestyle  (NAS:MVRK) 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 .

Maverick Lifestyle Interest Coverage Related Terms

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

Maverick Lifestyle (Maverick Lifestyle) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Maverick Lifestyle Inc (NAS:MVRK) » Definitions » Interest Coverage
Comparable Companies
Traded in Other Exchanges
N/A
Address
7427 NC Highway 58 South, Stantonsburg, NC, USA, 27883
Website
Maverick Lifestyle Inc is a Hemp Canna-Infused Products Company primarily engaged in the manufacturing, branding, marketing, distribution and sales of products infused with hemp-derived cannabinoids (including but not limited to delta-8-THC, delta-9-THC, delta-10-THC, HHC, CBD, CBG and CBN) such as pre-rolled hemp joints and hemp cigarettes, hemp cigarillos, blunts, disposable live resin vapes, gummies and unique edibles. It is also engaged in the development of high speed rolling manufacturing technology specifically designed for the hemp and cannabis industry, such as converting high speed tobacco rolling machines to roll stickier products such as delta-8-THC, HHC infused hemp, packing machines to automatically package rolled products into consumer packaging ready for the shelf.

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