VEEE (Twin Vee PowerCats Co) Interest Coverage : 0 (At Loss) (As of Mar. 2025)

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What is Twin Vee PowerCats Co 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. Twin Vee PowerCats Co's Operating Income for the three months ended in Mar. 2025 was $-1.62 Mil. Twin Vee PowerCats Co's Interest Expense for the three months ended in Mar. 2025 was $-0.04 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 Twin Vee PowerCats Co's Interest Coverage or its related term are showing as below:

VEEE's Interest Coverage is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 8.055
* 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.

Twin Vee PowerCats Co Interest Coverage Historical Data

The historical data trend for Twin Vee PowerCats Co'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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Twin Vee PowerCats Co Interest Coverage Chart

Twin Vee PowerCats Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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4.03

Twin Vee PowerCats Co 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															-	-	-	-	-

Competitive Comparison of Twin Vee PowerCats Co's Interest Coverage

For the Recreational Vehicles subindustry, Twin Vee PowerCats Co'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.

Twin Vee PowerCats Co's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Twin Vee PowerCats Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Twin Vee PowerCats Co's Interest Coverage falls into.

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Twin Vee PowerCats Co 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.

Twin Vee PowerCats Co's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Twin Vee PowerCats Co's Interest Expense was $-0.22 Mil. Its Operating Income was $-12.76 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.92 Mil.

Twin Vee PowerCats Co did not have earnings to cover the interest expense.

Twin Vee PowerCats Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Twin Vee PowerCats Co's Interest Expense was $-0.04 Mil. Its Operating Income was $-1.62 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.87 Mil.

Twin Vee PowerCats Co did not have earnings to cover the interest expense.

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

Twin Vee PowerCats Co (NAS:VEEE) 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 .

Twin Vee PowerCats Co Interest Coverage Related Terms

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

Twin Vee PowerCats Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Twin Vee PowerCats Co (NAS:VEEE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 South US Highway 1, Fort Pierce, FL, USA, 34982

Website

https://www.twinvee.com

Twin Vee PowerCats Co is a designer, manufacturer, and marketer of recreational and commercial power boats to use for fishing, diving and water skiing, and commercial activities including transportation, eco-tours, fishing, and diving expeditions. The company offers various boat models, including Twin Vee 400 GFX2 CC, Twin Vee 280 GFX2 CC, and Twin Vee 260 Center Console STX, among others. Its products are marketed under two brands, Twin Vee for its catamarans, or dual-hull vessels, and Aquasport for its V-hull boats. The company sells its boats through a network of independent boat dealers across North America, the Caribbean, and Central America who resell the boats to the end user, Twin Vee customers.

Executives

Joseph C Visconti	director, 10 percent owner, officer: CEO and President	525 SOUTH FLAGLER DRIVE #400, WEST PALM BEACH FL 33401
Kevin Schuyler	director	1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Bard D. Rockenbach	director	3101 S. US-1, FT. PIERCE FL 34982
Carrie L. Gunnerson	officer: Chief Financial Officer	5556 HIGHWAY 9, ARMSTRONG IA 50514
Steven A Shallcross	director	C/O ELYS GAME TECHNOLOGY CORP., 130 ADELAIDE STREET WEST, SUITE 701, TORONTO A6 M5H2K4
Twin Vee Powercats, Inc.	10 percent owner	3101 SOUTH US HIGHWAY 1, FT PIERCE FL 34982
Neil Ross	director	3101 S. US-1, FT. PIERCE FL 34982
Donna Barnett	officer: Chief Financial Officer	3101 S. US-1, FT. PIERCE FL 34982
Preston Yarborough	director, officer: Vice President	3101 S. US-1, FT. PIERCE FL 34981
James Henry Melvin	director	3101 S. US-1, FT. PIERCE FL 34982
Daniel Norton	officer: Chief Engineer	3101 S. US-1, FT. PIERCE FL 34982