GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Humble & Fume Inc (XCNQ:HMBL) » Definitions » Interest Coverage

Humble & Fume (XCNQ:HMBL) Interest Coverage : 0 (At Loss) (As of Jun. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Humble & Fume 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. Humble & Fume's Operating Income for the three months ended in Jun. 2023 was C$-7.73 Mil. Humble & Fume's Interest Expense for the three months ended in Jun. 2023 was C$-0.21 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 Humble & Fume's Interest Coverage or its related term are showing as below:


XCNQ:HMBL's Interest Coverage is not ranked *
in the Tobacco Products industry.
Industry Median: 15.82
* 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.


Humble & Fume Interest Coverage Historical Data

The historical data trend for Humble & Fume'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.

Humble & Fume Interest Coverage Chart

Humble & Fume Annual Data
Trend Jul19 Jun20 Jun21 Jun22 Jun23
Interest Coverage
No Debt - - - -

Humble & Fume Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
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 - - - - -

Competitive Comparison of Humble & Fume's Interest Coverage

For the Tobacco subindustry, Humble & Fume'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.


Humble & Fume's Interest Coverage Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Humble & Fume's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Humble & Fume's Interest Coverage falls into.



Humble & Fume 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.

Humble & Fume's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Humble & Fume's Interest Expense was C$-0.71 Mil. Its Operating Income was C$-23.33 Mil. And its Long-Term Debt & Capital Lease Obligation was C$4.55 Mil.

Humble & Fume did not have earnings to cover the interest expense.

Humble & Fume's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Humble & Fume's Interest Expense was C$-0.21 Mil. Its Operating Income was C$-7.73 Mil. And its Long-Term Debt & Capital Lease Obligation was C$4.55 Mil.

Humble & Fume 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.


Humble & Fume  (XCNQ:HMBL) 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 .


Humble & Fume Interest Coverage Related Terms

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


Humble & Fume (XCNQ:HMBL) Business Description

Traded in Other Exchanges
Address
1 Eva Road, Suite 416, Etobicoke, ON, CAN, M9C 4Z5
Humble & Fume Inc is a cannabis distribution solution providing customer-centric services and accessories. It is a fully integrated cannabis distribution solution for retailers, Canadian licensed cannabis producers, American multi-state operators, and cannabis customers. Its products include Amethyst Crystal Pipe, Invincipole Replacement Screens, Replacement Bowl Screens, Invincipole Aluminum & Steel Downstem, MouthPeace Filter Refill Display, MouthPeace Full Kit Display, Unbleached Pure Wood Cones, Blend Unbleached Pure Hemp & Flax Cones among others. The firm operates in the segment in two geographical locations: Canada and the USA of which it generates substantial revenue from the USA.
Executives
Shawn Lawrence Dym Director
Matthew Shalhoub 10% Security Holder, Director

Humble & Fume (XCNQ:HMBL) Headlines

From GuruFocus

HUMBL Announces $20 Million Equity Financing Agreement

By Value_Insider Value_Insider 12-14-2022

HUMBL� Announces Launch of Merchant Payments Via Major Credit Cards

By sperokesalga sperokesalga 04-12-2023