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Fresh Vine Wine (Fresh Vine Wine) Interest Coverage : No Debt (1) (As of Dec. 2023)


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What is Fresh Vine Wine 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. Fresh Vine Wine's Operating Income for the three months ended in Dec. 2023 was $-2.05 Mil. Fresh Vine Wine's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Fresh Vine Wine has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Fresh Vine Wine Inc has no debt.

(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 Fresh Vine Wine's Interest Coverage or its related term are showing as below:

VINE' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


VINE's Interest Coverage is ranked better than
98.74% of 159 companies
in the Beverages - Alcoholic industry
Industry Median: 8.86 vs VINE: No Debt

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


Fresh Vine Wine Interest Coverage Historical Data

The historical data trend for Fresh Vine Wine'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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Fresh Vine Wine Interest Coverage Chart

Fresh Vine Wine Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
No Debt No Debt No Debt No Debt No Debt

Fresh Vine Wine Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Fresh Vine Wine's Interest Coverage

For the Beverages - Wineries & Distilleries subindustry, Fresh Vine Wine'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.


Fresh Vine Wine's Interest Coverage Distribution in the Beverages - Alcoholic Industry

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

* The bar in red indicates where Fresh Vine Wine's Interest Coverage falls into.



Fresh Vine Wine 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.

Fresh Vine Wine'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, Fresh Vine Wine's Interest Expense was $0.00 Mil. Its Operating Income was $-10.62 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Fresh Vine Wine had no debt (1).

Fresh Vine Wine's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Fresh Vine Wine's Interest Expense was $0.00 Mil. Its Operating Income was $-2.05 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Fresh Vine Wine had no debt (1).

* 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.


Fresh Vine Wine  (AMEX:VINE) 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 .


Fresh Vine Wine Interest Coverage Related Terms

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


Fresh Vine Wine (Fresh Vine Wine) Business Description

Traded in Other Exchanges
N/A
Address
11500 Wayzata Blvd, No.1147, Minnetonka, MN, USA, 55305
Fresh Vine Wine Inc is a producer of low carb, low calorie premium wines in the United States. The company's wine collection features a California Cabernet Sauvignon, Pinot Noir, Chardonnay, California Rose wine, and a Limited Reserve Napa Cabernet.
Executives
Css Llc/il 10 percent owner 175 WEST JACKSON BLVD, SUITE 440, CHICAGO IL 60604
Hitesh Dheri officer: CHIEF FINANCIAL OFFICER 11500 WAYZATA BLVD. #1147, MINNETONKA MN 55305
Keith J Johnson officer: Interim Chief Financial Ofcr 56 REDBAY ROAD, ELGIN SC 29045
Roger C. Cockroft officer: CHIEF EXECUTIVE OFFICER 11500 WAYZATA BLVD., SUITE 1147, MINNETONKA MN 55305
Damian Novak director, 10 percent owner, other: Executive Chairman 505 HIGHWAY 169 NORTH, SUITE 255, PLYMOUTH MN 55441
Michelle Hawkins director 1075 ATLAS PEAK RD, NAPA CA 94558
Janelle Denise Anderson director, officer: CEO 505 HIGHWAY 169 NORTH, SUITE 255, PLYMOUTH MN 55441
James F. Spellmire officer: Interim Chief Financial Office 9624 WYOMING TERRACE, BLOOMINGTON MN 55438
Ellen Scipta officer: CFO C/O INTRICON CORPORATION, 1260 RED FOX ROAD, ARDEN HILLS MN 55112
David Yacullo director 505 HIGHWAY 169 NORTH, SUITE 255, PLYMOUTH MN 55441
Nechio & Novak, Llc 10 percent owner 505 HIGHWAY 169 NORTH, SUITE 255, PLYMOUTH MN 55441
Brad Yacullo director 505 HIGHWAY 169 NORTH, SUITE 255, PLYMOUTH MN 55441
Rick Nechio director, 10 percent owner, officer: President 505 HIGHWAY 169 NORTH, SUITE 255, PLYMOUTH MN 55441
Elliot Savoie officer: Chief Financial Officer 505 HIGHWAY 169 NORTH, SUITE 255, PLYMOUTH MN 55441
Eric Doan director 505 HIGHWAY 169 NORTH, SUITE 255, PLYMOUTH MN 55441