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Powered Brands (Powered Brands) Interest Coverage : No Debt (1) (As of Sep. 2022)


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What is Powered Brands 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. Powered Brands's Operating Income for the three months ended in Sep. 2022 was $-0.19 Mil. Powered Brands's Interest Expense for the three months ended in Sep. 2022 was $0.00 Mil. Powered Brands has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Powered Brands has no debt.

(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 Powered Brands's Interest Coverage or its related term are showing as below:

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


POWRU's Interest Coverage is not ranked
in the Diversified Financial Services industry.
Industry Median: No Debt vs POWRU: No Debt

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


Powered Brands Interest Coverage Historical Data

The historical data trend for Powered Brands'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.

* Premium members only.

Powered Brands Interest Coverage Chart

Powered Brands Annual Data
Trend Dec20 Dec21
Interest Coverage
No Debt No Debt

Powered Brands Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Interest Coverage Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Powered Brands's Interest Coverage

For the Shell Companies subindustry, Powered Brands'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.


Powered Brands's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Powered Brands's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Powered Brands's Interest Coverage falls into.



Powered Brands 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.

Powered Brands's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Powered Brands's Interest Expense was $0.00 Mil. Its Operating Income was $-1.24 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Powered Brands had no debt (1).

Powered Brands's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Here, for the three months ended in Sep. 2022, Powered Brands's Interest Expense was $0.00 Mil. Its Operating Income was $-0.19 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Powered Brands 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.


Powered Brands  (NAS:POWRU) 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 .


Powered Brands Interest Coverage Related Terms

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


Powered Brands (Powered Brands) Business Description

Traded in Other Exchanges
N/A
Address
292 Madison Avenue, Floor 8, New York, NY, USA, 10017
Powered Brands is a blank check company.
Executives
Neela Montgomery director C/O LOGITECH INTERNATIONAL S.A., LES CHATAGNIS, APPLES V8 1143
Mito Yamada director, officer: Chief Operating Officer C/O POWERED BRANDS, INC., 292 MADISON AVE., FL. 8, NEW YORK NY 10017
Dana R Settle director 2800 SANDHILL ROAD SUITE 250, MENIO PARK CA 94025
Katherine Power director, officer: Chief Executive Officer 1880 CENTURY PARK EAST, SUITE 1600, LOS ANGELES CA 90067
Management Pb 10 percent owner 1880 CENTURY PARK EAST, SUITE 1600, LOS ANGELES CA 90067
Karen Cate director 1880 CENTURY PARK EAST, SUITE 1600, LOS ANGELES CA 90067
Brianna Mobrem officer: Chief Financial Officer 1880 CENTURY PARK EAST, SUITE 1600, LOS ANGELES CA 90067

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