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American International Holdings (American International Holdings) Interest Coverage : 0 (At Loss) (As of Mar. 2023)


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What is American International Holdings 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. American International Holdings's Operating Income for the three months ended in Mar. 2023 was $-0.16 Mil. American International Holdings's Interest Expense for the three months ended in Mar. 2023 was $-0.12 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 American International Holdings's Interest Coverage or its related term are showing as below:


AMIH's Interest Coverage is not ranked *
in the Personal Services industry.
Industry Median: 10.24
* 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.


American International Holdings Interest Coverage Historical Data

The historical data trend for American International Holdings'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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American International Holdings Interest Coverage Chart

American International Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
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American International Holdings Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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Competitive Comparison of American International Holdings's Interest Coverage

For the Personal Services subindustry, American International Holdings'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.


American International Holdings's Interest Coverage Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, American International Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where American International Holdings's Interest Coverage falls into.



American International Holdings 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.

American International Holdings's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, American International Holdings's Interest Expense was $-2.90 Mil. Its Operating Income was $-2.43 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.03 Mil.

American International Holdings did not have earnings to cover the interest expense.

American International Holdings's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the three months ended in Mar. 2023, American International Holdings's Interest Expense was $-0.12 Mil. Its Operating Income was $-0.16 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

American International Holdings 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.


American International Holdings  (OTCPK:AMIH) 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 .


American International Holdings Interest Coverage Related Terms

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


American International Holdings (American International Holdings) Business Description

Traded in Other Exchanges
N/A
Address
205S Bailey Street, Electra, TX, USA, 76360
American International Holdings Corp is a diversified holding company. The firm is engaged in acquiring, managing and operating health, wellness and medical spa/treatment facilities across the United States and abroad.
Executives
Michael David Mclaren director, 10 percent owner, officer: Chief Executive Officer 205 S BAILEY STREET, ELECTRA TX 76360
Gary Giles director 2632 TORREY PINE DRIVE, FORT WORTH TX 76109
Marble Trital Inc. 10 percent owner 90 STATE STREET, SUITE 700, OFFICE 40, ALBANY NY 12207
Kenny Myers director 5101 ADDISON CIRCLE,, UNIT 401,, ADDISON TX 75001
Lorraine Pamela D'alessio director 8200 WILSHIRE BLVD, BEVERLY HILLS, CALIFORNIA CA 90211
Peter Casey Jensen director 1052 MONTE CRISTO, PHOENIX AZ 85022
Jacob D. Cohen director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER 2101 GLENDALE DRIVE, PLANO TX 75023
Luis Alan Hernandez director, 10 percent owner, officer: CHIEF MARKETING OFFICER 11222 RICHMOND AVENUE SUITE 195, HOUSTON TX 77082
Esteban Alexander director, 10 percent owner, officer: CHIEF OPERATING OFFICER 11222 RICHMOND AVENUE, SUITE 195, HOUSTON TX 77082
Daniel Dror officer: Chairman & CEO 601 HANSON RD, KEMAH TX 77565-2701
Stump John W Iii other: Director 601 CIEN RD, SUITE 235, KEMAH TX 77565-3077
Sherry Lynne Couturier officer: VP & CFO 601 CIEN STREET, STE. 235, KEMAH TX 77565
American International Industries Inc 10 percent owner 601 CIEN ST, SUITE 235, KEMAH TX 77565-2701
Gary D Woerz officer: President and CFO 601 CIEN RD, SUITE 235, KEMAH TX 77565