MVRK (Maverick Lifestyle) Interest Expense: $-0.32 Mil (TTM As of Sep. 2024)


What is Maverick Lifestyle Interest Expense?

Maverick Lifestyle MVRK Interest Expense is $-0.32 Mil as of Sep. 2024.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Maverick Lifestyle's interest expense for the three months ended in Sep. 2024 was $ -0.18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.32 Mil.

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. Maverick Lifestyle's Operating Income for the three months ended in Sep. 2024 was $ -0.26 Mil. Maverick Lifestyle's Interest Expense for the three months ended in Sep. 2024 was $ -0.18 Mil. Maverick Lifestyle did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Maverick Lifestyle  (NAS:MVRK) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Maverick Lifestyle's Interest Expense for the three months ended in Sep. 2024 was $-0.18 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $8.05 Mil.

Maverick Lifestyle's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Maverick Lifestyle 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.

Maverick Lifestyle Interest Expense Historical Data

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The historical data trend for Maverick Lifestyle's Interest Expense 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.

Maverick Lifestyle Interest Expense Chart

Maverick Lifestyle Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Expense
0.00 -0.73 -0.88 -0.74

Maverick Lifestyle Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.16 -0.22 -0.14 0.00 -0.18

Maverick Lifestyle Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.32 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-0.32 Mil mean?
Maverick Lifestyle (MVRK) has a Interest Expense of $-0.32 Mil as of Sep. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Maverick Lifestyle and its competitors.
Is Maverick Lifestyle's Interest Expense too high?
Maverick Lifestyle's current Interest Expense is $-0.32 Mil.
How does Maverick Lifestyle's Interest Expense compare to ?
Maverick Lifestyle's Interest Expense of $-0.32 Mil can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Tobacco Products company?
A good Interest Expense depends on the Tobacco Products industry context. However, Interest Expense 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 Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Maverick Lifestyle and its competitors. Maverick Lifestyle's current Interest Expense is $-0.32 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maverick Lifestyle stock overvalued right now?
Maverick Lifestyle (MVRK) has a current Interest Expense of $-0.32 Mil. The current Interest Expense is $-0.32 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Maverick Lifestyle (MVRK), the current Interest Expense is $-0.32 Mil as of Sep. 2024. 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.

Maverick Lifestyle Business Description

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Address 7427 NC Highway 58 South, Stantonsburg, NC, USA, 27883
Maverick Lifestyle Inc is a Hemp Canna-Infused Products Company primarily engaged in the manufacturing, branding, marketing, distribution and sales of products infused with hemp-derived cannabinoids (including but not limited to delta-8-THC, delta-9-THC, delta-10-THC, HHC, CBD, CBG and CBN) such as pre-rolled hemp joints and hemp cigarettes, hemp cigarillos, blunts, disposable live resin vapes, gummies and unique edibles. It is also engaged in the development of high speed rolling manufacturing technology specifically designed for the hemp and cannabis industry, such as converting high speed tobacco rolling machines to roll stickier products such as delta-8-THC, HHC infused hemp, packing machines to automatically package rolled products into consumer packaging ready for the shelf.