LQR House (LQR House) Interest Coverage : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is LQR House 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. LQR House's Operating Income for the three months ended in Mar. 2024 was $-2.47 Mil. LQR House's Interest Expense for the three months ended in Mar. 2024 was $0.00 Mil. LQR House 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 LQR House's Interest Coverage or its related term are showing as below:

LQR's Interest Coverage is not ranked ^*
in the Beverages - Alcoholic industry.
Industry Median: 8.16
* 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.

LQR House Interest Coverage Historical Data

The historical data trend for LQR House'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.

LQR House Interest Coverage Chart

LQR House Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

No Debt

LQR House Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial						No Debt	N/A	-	N/A	No Debt

Competitive Comparison of LQR House's Interest Coverage

For the Beverages - Wineries & Distilleries subindustry, LQR House'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.

LQR House's Interest Coverage Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, LQR House's Interest Coverage distribution charts can be found below:

* The bar in red indicates where LQR House's Interest Coverage falls into.

LQR House 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.

LQR House's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, LQR House's Interest Expense was $-0.17 Mil. Its Operating Income was $-13.70 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

LQR House did not have earnings to cover the interest expense.

LQR House's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, LQR House's Interest Expense was $0.00 Mil. Its Operating Income was $-2.47 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

LQR House had no debt ⁽¹⁾.

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

LQR House (NAS:LQR) 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 .

LQR House Interest Coverage Related Terms

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

LQR House (LQR House) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » LQR House Inc (NAS:LQR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

6800 Indian Creek Drive, Suite 1E, Miami Beach, FL, USA, 33141

Website

https://www.lqrhouse.com

LQR House Inc intends to become the full-service digital marketing and brand development face of the alcoholic beverage space. It also intends to integrate the supply, sales, and marketing facets of the alcoholic beverage space into one easy-to-use platform and become the one-stop shop for everything related to alcohol. The company's primary business includes the development of premium limited-batch spirit brands, establishing an exclusive wine club, and marketing internal and external brands through an exclusive agreement with a U.S.-based e-commerce portal. It believes that the marketing and brand management services it provides to its wholly owned and third-party clients will increase brand recognition thereof, and drive sales thereof through its e-commerce platform partner.

Executives

Sean Dollinger	director, 10 percent owner, officer: Chief Executive Officer	6800 INDIAN CREEK DRIVE, SUITE 1E, MIAMI BEACH FL 33141
Gary L Herman	director	720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019
James C. Huber	director	127 FLORENCE DRIVE, JUPITER FL 33458
Kbros, Llc	10 percent owner	23658 SAN VICENTE ROAD, RAMONA CA 92065
Guy Dollinger	director	283 RUE PICASSO, DOLLARD-DES-ORMEAUX A8 H9A 3K2
Jaclyn Hoffman	officer: Chief Marketing Officer	166 2ND AVENUE, APT 2A, NEW YORK NY 10003
Kumar Abhishek	officer: Chief Financial Officer	25/3A, RAIL VIHAR, SECTOR 56, GURGAON K7 122002
Darren Collins	director	22 RIVERVIEW ROAD, ALLISTON A6 L9M 1R2
Alexandra Hoffman	director	6800 INDIAN CREEK DRIVE, APT 101, MIAMI BEACH FL 33141
James P. O'brien	director	3000-360 MAIN STREET, WINNIPEG A2 R3C 4G1