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GreenGro Technologies (GreenGro Technologies) Interest Coverage : No Debt (1) (As of Mar. 2004)


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What is GreenGro Technologies 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. GreenGro Technologies's Operating Income for the three months ended in Mar. 2004 was $-0.02 Mil. GreenGro Technologies's Interest Expense for the three months ended in Mar. 2004 was $0.00 Mil. GreenGro Technologies has no debt. The higher the ratio, the stronger the company's financial strength is.

(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 GreenGro Technologies's Interest Coverage or its related term are showing as below:


GRNH's Interest Coverage is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 10.1
* 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.


GreenGro Technologies Interest Coverage Historical Data

The historical data trend for GreenGro Technologies'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.

GreenGro Technologies Interest Coverage Chart

GreenGro Technologies Annual Data
Trend Dec96 Dec97 Dec98 Jun99 Jun00 Jun01 Jun02
Interest Coverage
Get a 7-Day Free Trial No Debt No Debt N/A N/A N/A

GreenGro Technologies Quarterly Data
Jun99 Sep99 Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of GreenGro Technologies's Interest Coverage

For the Farm & Heavy Construction Machinery subindustry, GreenGro Technologies'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.


GreenGro Technologies's Interest Coverage Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, GreenGro Technologies's Interest Coverage distribution charts can be found below:

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



GreenGro Technologies 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.

GreenGro Technologies's Interest Coverage for the fiscal year that ended in Jun. 2002 is calculated as

Here, for the fiscal year that ended in Jun. 2002, GreenGro Technologies's Interest Expense was $0.00 Mil. Its Operating Income was $-13.60 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.06 Mil.

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

GreenGro Technologies's Interest Coverage for the quarter that ended in Mar. 2004 is calculated as

Here, for the three months ended in Mar. 2004, GreenGro Technologies's Interest Expense was $0.00 Mil. Its Operating Income was $-0.02 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

GreenGro Technologies 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.


GreenGro Technologies  (OTCPK:GRNH) 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 .


GreenGro Technologies Interest Coverage Related Terms

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


GreenGro Technologies (GreenGro Technologies) Business Description

Traded in Other Exchanges
N/A
Address
68374 Keiley Road, Cathedral City, CA, USA, 92234
GreenGro Technologies Inc specializes in indoor and outdoor agricultural science systems for the consumer and commercial farming markets. It manufactures and sells eco-friendly vertical cultivation systems and facilities design. In addition, it also provides design, construction, and GreenGro Technologies, Inc. provides manufacturing and sales of green, eco-friendly, sustainable vertical cultivation systems, and facilities design. Its products and services are targeted at consumers and industrial farming operations. Its products and services are designed to provide all of these customers solutions to achieve maximum efficiency, whether that be a balcony garden or industrial cultivator.

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