Vegano Foods (XCNQ:VAGN) Interest Coverage: No Debt (1) (As of Dec. 2023)

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What is Vegano Foods Interest Coverage?

Vegano Foods XCNQ:VAGN Interest Coverage is No Debt (1) as of Dec. 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. Vegano Foods's Operating Income for the three months ended in Dec. 2023 was C$-0.03 Mil. Vegano Foods's Interest Expense for the three months ended in Dec. 2023 was C$0.00 Mil. Vegano Foods 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 Vegano Foods's Interest Coverage or its related term are showing as below:


XCNQ:VAGN's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.44
* 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.

Vegano Foods  (XCNQ:VAGN) 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 .

Vegano Foods Interest Coverage Related Terms

Vegano Foods Interest Coverage Historical Data

* Premium members only.

The historical data trend for Vegano Foods'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.

Vegano Foods Interest Coverage Chart

Vegano Foods Annual Data
Trend Dec20
Interest Coverage
No Debt

Vegano Foods Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 No Debt No Debt

XCNQ:VAGN vs AJYG, SSMTF, RIBT: Interest Coverage Comparison

For the Packaged Foods subindustry, Vegano Foods'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.

Vegano Foods Interest Coverage vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vegano Foods's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vegano Foods's Interest Coverage falls into.


Vegano Foods 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.

Vegano Foods's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Vegano Foods's Interest Expense was C$0.00 Mil. Its Operating Income was C$0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Vegano Foods had no debt (1).

Vegano Foods's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Vegano Foods's Interest Expense was C$0.00 Mil. Its Operating Income was C$-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Vegano Foods 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?
Vegano Foods (XCNQ:VAGN) has a Interest Coverage of No Debt (1) as of Dec. 2023. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Vegano Foods and its competitors.
Is Vegano Foods' Interest Coverage too high?
Vegano Foods' current Interest Coverage is No Debt (1).
How does Vegano Foods' Interest Coverage compare to AJYG and SSMTF?
Vegano Foods' Interest Coverage of No Debt (1) can be compared against companies in the Consumer Packaged Goods industry. The industry median Interest Coverage is 8.44. 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 Consumer Packaged Goods company?
The median Interest Coverage among Consumer Packaged Goods companies is 8.44, based on 1,518 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 Vegano Foods and its competitors. For the Consumer Packaged Goods industry, the median Interest Coverage is 8.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vegano Foods'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 Vegano Foods stock overvalued right now?
Vegano Foods (XCNQ:VAGN) 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 Vegano Foods (XCNQ:VAGN), the current Interest Coverage is No Debt (1) as of Dec. 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.

Vegano Foods Business Description

Address 1040 West Georgia Street, Unit 415, Vancouver, BC, CAN, V6E 4H1
Vegano Foods Inc is plant-based food technology. The Company's principal activity relates to the sales and delivery of vegan meal kits to end customers. The company has built a technology platform to support the ordering and preparation of meal kits and proprietary branded food products, including sauces, proteins, and soups.