Gold Flora (Gold Flora) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Gold Flora 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. Gold Flora's Operating Income for the three months ended in Dec. 2023 was $-7.38 Mil. Gold Flora's Interest Expense for the three months ended in Dec. 2023 was $-3.26 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 Gold Flora's Interest Coverage or its related term are showing as below:

GRAM's Interest Coverage is not ranked ^*
in the Tobacco Products industry.
Industry Median: 12.84
* 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.

Gold Flora Interest Coverage Historical Data

The historical data trend for Gold Flora'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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Gold Flora Interest Coverage Chart

Gold Flora Annual Data

Trend

Dec22

Dec23

Interest Coverage

Gold Flora Quarterly Data
	Sep22	Dec22	Sep23	Dec23
Interest Coverage	-	-	-	-

Competitive Comparison of Gold Flora's Interest Coverage

For the Tobacco subindustry, Gold Flora'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.

Gold Flora's Interest Coverage Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Gold Flora's Interest Coverage distribution charts can be found below:

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

Gold Flora 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.

Gold Flora'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, Gold Flora's Interest Expense was $-19.64 Mil. Its Operating Income was $-31.30 Mil. And its Long-Term Debt & Capital Lease Obligation was $140.67 Mil.

Gold Flora did not have earnings to cover the interest expense.

Gold Flora's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Gold Flora's Interest Expense was $-3.26 Mil. Its Operating Income was $-7.38 Mil. And its Long-Term Debt & Capital Lease Obligation was $140.67 Mil.

Gold Flora did not have earnings to cover the interest expense.

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

Gold Flora (OTCPK:GRAM) 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 .

Gold Flora Interest Coverage Related Terms

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

Gold Flora (Gold Flora) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Gold Flora Corp (OTCPK:GRAM) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

GRAM:Canada

Address

3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626

Website

https://www.goldflora.com

Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.

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