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Lever Global (Lever Global) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Lever Global 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. Lever Global's Operating Income for the three months ended in Mar. 2024 was $-0.25 Mil. Lever Global's Interest Expense for the three months ended in Mar. 2024 was $-0.01 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


LVER's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 29.29
* 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.

Lever Global Interest Coverage Historical Data

The historical data trend for Lever Global'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.

Lever Global Interest Coverage Chart

Lever Global Annual Data
Trend Dec22 Dec23
Interest Coverage
No Debt -

Lever Global Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial - - - - -

Competitive Comparison of Lever Global's Interest Coverage

For the Software - Application subindustry, Lever Global'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.

Lever Global's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Lever Global's Interest Coverage distribution charts can be found below:

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


Lever Global 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.

Lever Global'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, Lever Global's Interest Expense was $-0.06 Mil. Its Operating Income was $-1.75 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Lever Global did not have earnings to cover the interest expense.

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

Here, for the three months ended in Mar. 2024, Lever Global's Interest Expense was $-0.01 Mil. Its Operating Income was $-0.25 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Lever Global 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.

Lever Global  (OTCPK:LVER) 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 .

Lever Global Interest Coverage Related Terms

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

Lever Global (Lever Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Lever Global Corp (OTCPK:LVER) » Definitions » Interest Coverage
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Traded in Other Exchanges
N/A
Address
Level 11, 9255 West Sunset Boulevard, West Hollywood, CA, USA, 90069
Website
Lever Global Corp is a fintech-driven consumer liabilities and debt management company. Its App allows the subscribers to analyze their existing student loans and recommend programs the US Department of Education offers after the initial assessment and processes enrolments into these programs. The App provides a list of qualified federal programs. The subscribers can digitally enroll in these programs by uploading or self-declaring their W-2, wage, or tax statements through the App.