AMMJ (American Cannabis Co) Interest Coverage : 0 (At Loss) (As of Jun. 2024)

View and export this data going back to . Start your Free Trial

What is American Cannabis Co 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 Cannabis Co's Operating Income for the three months ended in Jun. 2024 was $-0.56 Mil. American Cannabis Co's Interest Expense for the three months ended in Jun. 2024 was $-0.08 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 Cannabis Co's Interest Coverage or its related term are showing as below:

AMMJ's Interest Coverage is not ranked ^*
in the Tobacco Products industry.
Industry Median: 10.01
* 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 Cannabis Co Interest Coverage Historical Data

The historical data trend for American Cannabis Co'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.

American Cannabis Co Interest Coverage Chart

American Cannabis Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

No Debt

American Cannabis Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Coverage	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of American Cannabis Co's Interest Coverage

For the Tobacco subindustry, American Cannabis Co'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 Cannabis Co's Interest Coverage Distribution in the Tobacco Products Industry

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

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

Save Embed

;

Save Embed

;

American Cannabis Co 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 Cannabis Co'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, American Cannabis Co's Interest Expense was $-0.11 Mil. Its Operating Income was $-2.50 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.66 Mil.

American Cannabis Co did not have earnings to cover the interest expense.

American Cannabis Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, American Cannabis Co's Interest Expense was $-0.08 Mil. Its Operating Income was $-0.56 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.56 Mil.

American Cannabis Co did not have earnings to cover the interest expense.

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

American Cannabis Co (OTCPK:AMMJ) 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 Cannabis Co Interest Coverage Related Terms

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

American Cannabis Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » American Cannabis Co Inc (OTCPK:AMMJ) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1004 Tejon Street, Colorado Springs, CO, USA, 80903

Website

https://www.americancannabisconsulting.com

American Cannabis Co Inc is engaged in the cannabis industry that features end-to-end solutions for businesses operating in the regulated cannabis industry in states and countries where cannabis is regulated and/or has been decriminalized for medical use and/or legalized for recreational use. It provides advisory and consulting services specific to this industry, designs industry-specific products and facilities, and manages a strategic group partnership that offers both exclusive and non-exclusive customer products commonly used in the industry. It is a licensed operator of two medical cannabis dispensaries and a cannabis cultivation facility in Colorado Springs, CO.

Executives

Tyler A Schloesser	officer: Chief Operations Officer	9874 WEST LA SALLE PLACE, LAKEWOOD CO 80227
Ellis Lamar Smith	director, 10 percent owner, officer: Cheif Development Officer	2590 WALNUT ST, DENVER CO 80205
Hollister Corey James Ariel	director, 10 percent owner, officer: Chief Executive Officer	5316 RUSTIC AVE, FIRESTONE CO 80504
David Michael Godfrey	officer: Principal Accounting Officer	5690 LOGAN STREET, DENVER CO 80237
Jon Workman	officer: Vice President	2600 RAY DEAN ROAD, TUCKER AR 72168
Michael Schwanbeck	officer: Chief Financial Officer	555 E. 19TH AVENUE, #2421, DENVER CO 80203
Tad M Mailander	director	4811 49TH STREET, SAN DIEGO CA 92115
Terry Lynn Buffalo	director, officer: CEO	3063 BRIGHTON BLVD, #918, DENVER CO 80216
Jesus Quintero	officer: Former CFO	16860 SOUTHWEST 1ST STREET, PEMBROKE PINES FL 33027
Michael A Novielli	director, 10 percent owner	100 MILL PLAIN ROAD, 3RD FLOOR, DANBURY CT 06811
Anthony J Baroud	director, 10 percent owner, officer: Chief Technology Officer	211 EAST CIRCLE AVE, PROSPECT HEIGHTS IL 60070
Themistocles Psomiadis	director, officer: Chief Executive Officer	1420 MIDTOWN AVE, APT 407, MOUNT PLEASANT SC 29464
Villas Boas Andrea Bezerra Arruda	10 percent owner	ALAMEDA UAPIXANA, 278, SAO PAULO D5 04085-030
Douglas Leighton	director	312 STUART ST, BOSTON MA 02116
Donald Brucker	director, 10 percent owner, officer: VP Research & Development	110 WEST C STREET, SUITE 1300, SAN DIEGO CA 92101