PREC (Prestige Cars International) Interest Coverage: No Debt (1) (As of Sep. 2023)


What is Prestige Cars International Interest Coverage?

Prestige Cars International PREC Interest Coverage is No Debt (1) as of Sep. 2023.

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. Prestige Cars International's Operating Income for the six months ended in Sep. 2023 was $0.00 Mil. Prestige Cars International's Interest Expense for the six months ended in Sep. 2023 was $0.00 Mil. Prestige Cars International 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 Prestige Cars International's Interest Coverage or its related term are showing as below:


PREC's Interest Coverage is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.295
* 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.

Prestige Cars International  (OTCPK:PREC) 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 .

Prestige Cars International Interest Coverage Related Terms

Prestige Cars International Interest Coverage Historical Data

* Premium members only.

The historical data trend for Prestige Cars International'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.

Prestige Cars International Interest Coverage Chart

Prestige Cars International Annual Data
Trend
Interest Coverage

Prestige Cars International Semi-Annual Data
Sep22 Sep23
Interest Coverage No Debt No Debt

PREC vs NCNCF, ZAPPF, OMTK: Interest Coverage Comparison

For the Auto & Truck Dealerships subindustry, Prestige Cars International'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.

Prestige Cars International Interest Coverage vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Prestige Cars International's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Prestige Cars International's Interest Coverage falls into.


Prestige Cars International 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.

Prestige Cars International's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Prestige Cars International's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Prestige Cars International had no debt (1).

Prestige Cars International's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Prestige Cars International's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Prestige Cars International 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Prestige Cars International (PREC) has a Interest Coverage of No Debt (1) as of Sep. 2023. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Prestige Cars International and its competitors.
Is Prestige Cars International's Interest Coverage too high?
Prestige Cars International's current Interest Coverage is No Debt (1).
How does Prestige Cars International's Interest Coverage compare to NCNCF and ZAPPF?
Prestige Cars International's Interest Coverage of No Debt (1) can be compared against companies in the Vehicles & Parts industry. The industry median Interest Coverage is 8.30. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.30, based on 1,066 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Prestige Cars International and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Prestige Cars International's current Interest Coverage is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prestige Cars International stock overvalued right now?
Prestige Cars International (PREC) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Prestige Cars International (PREC), the current Interest Coverage is No Debt (1) as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Prestige Cars International Business Description

Address 1013 West Sunrise boulevard, Fort Lauderdale, FL, USA, 33311
Prestige Cars International Inc is engaged in restoring, buying, maintaining, selling and servicing High-End luxury European vehicles new and used and their parts world wide. The business of the company is conducted through its showroom and via the internet. The Company specializes in current and vintage Rolls Royce, Bentley, Mercedes Benz, BMW, Porsche, Jaguar, Ferrari, Aston Martin and Land Rovers. The Company services both the B2B and B2C automotive space.