American Green (American Green) Interest Coverage : 0 (At Loss) (As of Jun. 2023)

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What is American Green 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 Green's Operating Income for the six months ended in Jun. 2023 was $-0.47 Mil. American Green's Interest Expense for the six months ended in Jun. 2023 was $-1.73 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 Green's Interest Coverage or its related term are showing as below:

ERBB's Interest Coverage is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 11.83
* 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 Green Interest Coverage Historical Data

The historical data trend for American Green'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 Green Interest Coverage Chart

American Green Annual Data

Trend

Jun22

Jun23

Interest Coverage

American Green Semi-Annual Data
	Jun22	Jun23
Interest Coverage	-	-

Competitive Comparison of American Green's Interest Coverage

For the Drug Manufacturers - Specialty & Generic subindustry, American Green'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 Green's Interest Coverage Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, American Green's Interest Coverage distribution charts can be found below:

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

American Green 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 Green's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, American Green's Interest Expense was $-1.73 Mil. Its Operating Income was $-0.47 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.47 Mil.

American Green did not have earnings to cover the interest expense.

American Green's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, American Green's Interest Expense was $-1.73 Mil. Its Operating Income was $-0.47 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.47 Mil.

American Green did not have earnings to cover the interest expense.

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

American Green (OTCPK:ERBB) 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 Green Interest Coverage Related Terms

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

American Green (American Green) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » American Green Inc (OTCPK:ERBB) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 N Gould Street, Suite R, Sheridan, WY, USA, 82801

Website

https://www.americangreen.com

American Green Inc is a technology company in the medical cannabis industry. It is involved in the business of developing a cultivation facility in Phoenix Arizona for medical marijuana and also owns proprietary dispensing machines and all rights to a line of health supplements.