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ShiftPixy (ShiftPixy) Interest Coverage : N/A (As of Feb. 2024)


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What is ShiftPixy 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. ShiftPixy's Operating Income for the three months ended in Feb. 2024 was $-4.70 Mil. ShiftPixy's Interest Expense for the three months ended in Feb. 2024 was $0.00 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 ShiftPixy's Interest Coverage or its related term are showing as below:


PIXY's Interest Coverage is not ranked *
in the Business Services industry.
Industry Median: 13.48
* 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.


ShiftPixy Interest Coverage Historical Data

The historical data trend for ShiftPixy'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.

ShiftPixy Interest Coverage Chart

ShiftPixy Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only - - - - N/A

ShiftPixy Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - N/A N/A N/A

Competitive Comparison of ShiftPixy's Interest Coverage

For the Staffing & Employment Services subindustry, ShiftPixy'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.


ShiftPixy's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ShiftPixy's Interest Coverage distribution charts can be found below:

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



ShiftPixy 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.

ShiftPixy's Interest Coverage for the fiscal year that ended in Aug. 2023 is calculated as

Here, for the fiscal year that ended in Aug. 2023, ShiftPixy's Interest Expense was $0.00 Mil. Its Operating Income was $-30.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.79 Mil.

GuruFocus does not calculate ShiftPixy's interest coverage with the available data.

ShiftPixy's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Here, for the three months ended in Feb. 2024, ShiftPixy's Interest Expense was $0.00 Mil. Its Operating Income was $-4.70 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.32 Mil.

GuruFocus does not calculate ShiftPixy's interest coverage with the available data.

* 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.


ShiftPixy  (NAS:PIXY) 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 .


ShiftPixy Interest Coverage Related Terms

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


ShiftPixy (ShiftPixy) Business Description

Traded in Other Exchanges
N/A
Address
4101 NW 25th Street, Miami, FL, USA, 33131
ShiftPixy Inc provides a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and connect with a ready-for-hire workforce. ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing economy. Geographically it operates in California and Washington and drives key revenue from Californian religion. Its primary operating business metric is gross billings, consisting of the clients' fully burdened payroll costs.
Executives
Douglas Beck officer: Chief Financial Officer C/O IBIO, INC., 9 INNOVATION WAY, SUITE 100, NEWARK DE 19711
Kenneth Weir Weaver director 901 RIVERSIDE DRIVE, OLD HICKORY TN 37138
Manuel Rivera officer: Treasurer and Acting CFO C/O SHIFTPIXY, INC., 501 BRICKELL KEY DRIVE, SUITE 300, MIAMI FL 33131
Domonic J. Carney officer: Chief Financial Officer 9400 TOLEDO WAY, IRVINE CA 92618
Robert S. Gans officer: Secretary & Corporate Counsel C/O SHIFTPIXY, INC., 1 VENTURE, SUITE 150, IRVINE CA 92618
Scott W Absher director, 10 percent owner, officer: Chief Executive Officer 4101 NW 25TH STREET, MIAMI FL 33142
Amanda Murphy director C/O SHIFTPIXY, INC., 1 VENTURE, SUITE 150, IRVINE CA 92618
Christopher Sebes director 1 VENTURE, SUITE 150, IRVINE CA 92618
John Stephen Holmes 10 percent owner 1 VENTURE, SUITE 150, IRVINE CA 92618
Kirk M Flagg officer: Chief Compliance Officer 1 VENTURE, SUITE 150, IRVINE CA 92618
Whitney James White director 1991 BROADWAY, APT 26/27C, NEW YORK NY 10023
Sean Christopher Higgins director 42 OAKRIDGE CRES, GUELPH A6 N1L 1J3
Mark A Absher director 18101 VON KARMAN AVE, STE 330, IRVINE CA 96212
Stephen Paul Desantis officer: CFO 1 SCARLET MAPLE DRIVE, LADERA RANCH CA 92694