Agritek Holdings (Agritek Holdings) Interest Expense : $-2.58 Mil (TTM As of Dec. 2019)

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What is Agritek Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Agritek Holdings's interest expense for the three months ended in Dec. 2019 was $ -0.56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2019 was $-2.58 Mil.

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. Agritek Holdings's Operating Income for the three months ended in Dec. 2019 was $ -1.46 Mil. Agritek Holdings's Interest Expense for the three months ended in Dec. 2019 was $ -0.56 Mil. Agritek Holdings did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Agritek Holdings Interest Expense Historical Data

The historical data trend for Agritek Holdings's Interest Expense 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.

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Agritek Holdings Interest Expense Chart

Agritek Holdings Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Expense

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-0.49

-0.05

-1.87

-2.72

-2.82

Agritek Holdings Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Interest Expense	Get a 7-Day Free Trial															-0.87	-0.03	-0.36	-1.62	-0.56

Agritek Holdings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.58 Mil.

Agritek Holdings (OTCPK:AGTK) Interest Expense Explanation

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

Agritek Holdings's Interest Expense for the three months ended in Dec. 2019 was $-0.56 Mil. Its Operating Income for the three months ended in Dec. 2019 was $-1.46 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2019 was $0.08 Mil.

Agritek Holdings's Interest Coverage for the quarter that ended in Dec. 2019 is calculated as

Agritek Holdings did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Agritek Holdings (Agritek Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Agritek Holdings Inc (OTCPK:AGTK) » Definitions » Interest Expense

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Address

777 Brickell Avenue, Suite 500, Miami, FL, USA, 33131

Website

http://www.agritekholdings.com

Agritek Holdings Inc is a U.S based fully integrated, active investor and operator in the legal cannabis sector. The company acquires and leases real estate, then leases or sub-leases the real estate to licensed marijuana operators. It is focused on three high-value segments of the cannabis market, including real estate investment, intellectual property brands; and infrastructure, with operations in three states: Colorado, Washington State, and California as well as Canada and Puerto Rico. The firm invests its capital through real estate holdings, licensing agreements, royalties, and equity in acquisition operations.

Executives

Barry Michael Friedman	director, 10 percent owner, officer: CEO, Secretary	319 CLEMATIS STREET, SUITE 1008, WEST PALM BEACH FL 33401
Barry S Hollander	director, officer: CFO	319 CLEMATIS ST, SUITE 812, WEST PALM BEACH FL 33401
Vasan Thatham	other: Former Officer	C/O FRONTLINE COMMUNICATIONS CORP, 1 BLUE HILL PLAZA, PO BOX 1548, PEARLE RIVER NY 10965
Cole Hatchard Stephen J	director, officer: CEO	C/O FRONTLINE COMMUNICATIONS CORP, ONE BLUE HILL PLAZA, PO BOX 1548, PEARLE RIVER NY 10965
Miguel Madero	director