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RIVF (Rivulet Entertainment) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Rivulet Entertainment 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. Rivulet Entertainment's Operating Income for the three months ended in Mar. 2024 was $-0.09 Mil. Rivulet Entertainment's Interest Expense for the three months ended in Mar. 2024 was $-0.00 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 Rivulet Entertainment's Interest Coverage or its related term are showing as below:


RIVF's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 26.06
* 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.


Rivulet Entertainment Interest Coverage Historical Data

The historical data trend for Rivulet Entertainment'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.

Rivulet Entertainment Interest Coverage Chart

Rivulet Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Rivulet Entertainment Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - No Debt

Competitive Comparison of Rivulet Entertainment's Interest Coverage

For the Software - Application subindustry, Rivulet Entertainment'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.


Rivulet Entertainment's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Rivulet Entertainment's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Rivulet Entertainment's Interest Coverage falls into.


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Rivulet Entertainment 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.

Rivulet Entertainment's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Rivulet Entertainment's Interest Expense was $-0.01 Mil. Its Operating Income was $-0.35 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Rivulet Entertainment did not have earnings to cover the interest expense.

Rivulet Entertainment's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Rivulet Entertainment's Interest Expense was $-0.00 Mil. Its Operating Income was $-0.09 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Rivulet Entertainment 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.


Rivulet Entertainment  (OTCPK:RIVF) 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 .


Rivulet Entertainment Interest Coverage Related Terms

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


Rivulet Entertainment Business Description

Traded in Other Exchanges
N/A
Address
7659 E. Wood Drive, Scottsdale, AZ, USA, 85260
Rivulet Entertainment Inc, formerly Advanced Voice Recognition Systems Inc is a software development company that is engaged in creating interface and application solutions for speech recognition technologies. It holds six issued patents and is also involved in patent monetization.
Executives
Blake Thorshov 10 percent owner 1112 SECOND STREET, LOS OSOS CA 93402
Michael Davis other: Consultant 1933 EAST MCDOWELL ROAD, PHOENIX AZ 85006
Joseph Miglietta other: Consultant 10353 EAST SUTTON, SCOTTSDALE AZ 85260
Douglas Holt other: Consultant 1465 EAST TIERRA STREET, GILBERT AZ 85297
Walter Geldenhuys director, 10 percent owner, officer: See Remarks 112 E SPRUCE STREET, MITCHELL SD 57301
Getty Don director 1273 POTTER GREENS DRIVE, EDMONTON A0 T5T 5Y8
Diane Jakowchuk officer: See Remarks 7659 EAST WOOD DRIVE, SCOTTSDALE AZ 85260
Lisa Robin Jacobson director, officer: Secretaty/Treasurer 9 REGAL WAY, SHERWOOD PARK A0 T8A 5N1
Stone Canyon Resources Inc. 10 percent owner 1530 - 9TH AVENUE SE, CALGARY A0 T2G 0T7
Christopher Yee director, 10 percent owner, officer: President #2 - 136 STONECREEK ROAD, CANMORE A0 T1W 3A5
Wally Yee director, 10 percent owner 9716 OAKHILL DRIVE S.W., CALGARY A0 T2V 3W5
Dave Burroughs director, 10 percent owner 11531-15 AVENUE, EDMONTON A0 T6J 7C9
Daniel R Koyich director, officer: Secretary / Treasurer 1451 ACADIA DRIVE S.E., CALGARY A0 T2J 5B1
Scott Koyich 10 percent owner 411 CLEARWATER LANDING SW, CALGARY A0 T3Z 3T8