OILFF (Nextleaf Solutions) Interest Coverage : 31.38 (As of Mar. 2025)

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What is Nextleaf Solutions 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. Nextleaf Solutions's Operating Income for the three months ended in Mar. 2025 was $0.25 Mil. Nextleaf Solutions's Interest Expense for the three months ended in Mar. 2025 was $-0.01 Mil. Nextleaf Solutions's interest coverage for the quarter that ended in Mar. 2025 was 31.38. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nextleaf Solutions Ltd interest coverage is 1.88, which is low.

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

OILFF' s Interest Coverage Range Over the Past 10 Years
Min: 1.88 Med: No Debt Max: No Debt
Current: 1.88

OILFF's Interest Coverage is ranked worse than
85.19% of 655 companies
in the Drug Manufacturers industry
Industry Median: 12.05 vs OILFF: 1.88

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

Nextleaf Solutions Interest Coverage Historical Data

The historical data trend for Nextleaf Solutions'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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Nextleaf Solutions Interest Coverage Chart

Nextleaf Solutions Annual Data

Trend

Mar17

Mar18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Interest Coverage

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Nextleaf Solutions Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial															-	-	-	26.33	31.38

Competitive Comparison of Nextleaf Solutions's Interest Coverage

For the Drug Manufacturers - Specialty & Generic subindustry, Nextleaf Solutions'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.

Nextleaf Solutions's Interest Coverage Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Nextleaf Solutions's Interest Coverage distribution charts can be found below:

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

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Nextleaf Solutions 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.

Nextleaf Solutions's Interest Coverage for the fiscal year that ended in Sep. 2024 is calculated as

Here, for the fiscal year that ended in Sep. 2024, Nextleaf Solutions's Interest Expense was $-0.04 Mil. Its Operating Income was $-1.08 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.23 Mil.

Nextleaf Solutions did not have earnings to cover the interest expense.

Nextleaf Solutions's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Nextleaf Solutions's Interest Expense was $-0.01 Mil. Its Operating Income was $0.25 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.18 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	0.251	/	-0.008
	=	31.38

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

Nextleaf Solutions (OTCPK:OILFF) 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 .

Nextleaf Solutions Interest Coverage Related Terms

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Nextleaf Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Nextleaf Solutions Ltd (OTCPK:OILFF) » Definitions » Interest Coverage

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OILS:Canada

Address

68 Schooner Street, Suite 3, Coquitlam, BC, CAN, V3B 7B1

Website

https://www.nextleafsolutions.com

Nextleaf Solutions Ltd is is a Canadian cannabis extractor and processor, with a focus on developing intellectual property for the extraction, distillation formulation, and delivery of cannabinoids. The Company has a single reportable segment being the provision of goods and services to the cannabis industry in Canada. All the Company's revenues are generated in Canada. Revenue from sale of goods and services includes sales of bulk distillate, branded (Glacial Gold) vape pens, oils, and softgels (branded extract products), and private label which includes toll processing and other services. Majority being from Branded extract products.