The Lovesac Co (The Lovesac Co) Interest Coverage : N/A (As of Jan. 2024)

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What is The Lovesac 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. The Lovesac Co's Operating Income for the three months ended in Jan. 2024 was $40.4 Mil. The Lovesac Co's Interest Expense for the three months ended in Jan. 2024 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for The Lovesac Co's Interest Coverage or its related term are showing as below:

LOVE's Interest Coverage is not ranked ^*
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 8.72
* 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.

The Lovesac Co Interest Coverage Historical Data

The historical data trend for The Lovesac 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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The Lovesac Co Interest Coverage Chart

The Lovesac Co Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Coverage

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No Debt

222.09

226.69

315.95

N/A

The Lovesac Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Coverage	Get a 7-Day Free Trial															2,279.81	N/A	N/A	N/A	N/A

Competitive Comparison of The Lovesac Co's Interest Coverage

For the Furnishings, Fixtures & Appliances subindustry, The Lovesac 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.

The Lovesac Co's Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, The Lovesac Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where The Lovesac Co's Interest Coverage falls into.

The Lovesac 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.

The Lovesac Co's Interest Coverage for the fiscal year that ended in Jan. 2024 is calculated as

Here, for the fiscal year that ended in Jan. 2024, The Lovesac Co's Interest Expense was $0.0 Mil. Its Operating Income was $30.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $157.9 Mil.

GuruFocus does not calculate The Lovesac Co's interest coverage with the available data.

The Lovesac Co's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, The Lovesac Co's Interest Expense was $0.0 Mil. Its Operating Income was $40.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $157.9 Mil.

GuruFocus does not calculate The Lovesac Co's interest coverage with the available data.

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

The Lovesac Co (NAS:LOVE) 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 .

The Lovesac Co Interest Coverage Related Terms

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

The Lovesac Co (The Lovesac Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » The Lovesac Co (NAS:LOVE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Two Landmark Square, Suite 300, Stamford, CT, USA, 06901

Website

https://www.lovesac.com

The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs. It also offers other accessories such as sactional-specific drink holders, Footsac blankets, decorative pillows, fitted seat tables and ottoman. Its products are sold across the United States through its website or company-owned retail stores which are used in homes and offices. Majority of the firm's revenue gets derives from the sale of Sactionals.

Executives

Andrew R Heyer	director, 10 percent owner	501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
Shawn David Nelson	director, officer: Chief Executive Officer	2 LANDMARK SQUARE, SUITE 300, STAMFORD CT 06820
Satori Capital, Llc	10 percent owner	2501 N. HARWOOD ST., 20TH FLOOR, DALLAS TX 75201
Keith R. Siegner	officer: EVP and CFO	TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Vineet Mehra	director	330 HUDSON STREET, 13TH FLOOR, NEW YORK NY 10013
Sharon M Leite	director	100 PIER 1 PLACE, FT. WORTH TX 76102
Shirley Romig	director	TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Albert Jack Krause	director, officer: President and COO	2 LANDMARK SQUARE, SUITE 300, STAMFORD CT 06820
Walter Field Mclallen	director	1225 17TH AVE SOUTH, NASHVILLE TN 37212
Mary Fox	director	TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Mistral Equity Partners, Lp	10 percent owner	650 FIFTH AVENUE, 31ST FLOOR, New York NY 10019
Mistral Sac Holdings, Llc	10 percent owner	650 FIFTH AVENUE, FLOOR 10, NEW YORK NY 10019
Jared Rubin	director	4300 E. FIFTH AVE., COLUMBUS OH 43219
Sac Acquisition Llc	10 percent owner	700 CANAL STREET, 4TH FLOOR, STAMFORD CT 06902
Donna Dellomo	officer: Executive VP and CFO	35 SAWGRASS DRIVE, SUITE 2, BELLPORT NY 11713