CBYI (Cal Bay International) Interest Coverage: No Debt (1) (As of Sep. 2006)


What is Cal Bay International Interest Coverage?

Cal Bay International CBYI -99.00% Interest Coverage is No Debt (1) as of Sep. 2006.

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. Cal Bay International's Operating Income for the three months ended in Sep. 2006 was $-0.91 Mil. Cal Bay International's Interest Expense for the three months ended in Sep. 2006 was $0.00 Mil. Cal Bay International 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 Cal Bay International's Interest Coverage or its related term are showing as below:


CBYI's Interest Coverage is not ranked *
in the Capital Markets industry.
Industry Median: 19.12
* 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.

Cal Bay International  (OTCPK:CBYI) 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 .

Cal Bay International Interest Coverage Related Terms

Cal Bay International Interest Coverage Historical Data

* Premium members only.

The historical data trend for Cal Bay International'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.

Cal Bay International Interest Coverage Chart

Cal Bay International Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05
Interest Coverage
No Debt N/A N/A N/A No Debt

Cal Bay International Quarterly Data
Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06
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 N/A No Debt

CBYI vs PPCQ, RSRT, IDVV: Interest Coverage Comparison

For the Capital Markets subindustry, Cal Bay International'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.

Cal Bay International Interest Coverage vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cal Bay International's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cal Bay International's Interest Coverage falls into.


Cal Bay International 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.

Cal Bay International's Interest Coverage for the fiscal year that ended in Dec. 2005 is calculated as

Here, for the fiscal year that ended in Dec. 2005, Cal Bay International's Interest Expense was $0.00 Mil. Its Operating Income was $-2.70 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Cal Bay International had no debt (1).

Cal Bay International's Interest Coverage for the quarter that ended in Sep. 2006 is calculated as

Here, for the three months ended in Sep. 2006, Cal Bay International's Interest Expense was $0.00 Mil. Its Operating Income was $-0.91 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Cal Bay International 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Cal Bay International (CBYI) has a Interest Coverage of No Debt (1) as of Sep. 2006. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Cal Bay International and its competitors.
Is Cal Bay International's Interest Coverage too high?
Cal Bay International's current Interest Coverage is No Debt (1).
How does Cal Bay International's Interest Coverage compare to PPCQ and RSRT?
Cal Bay International's Interest Coverage of No Debt (1) can be compared against companies in the Capital Markets industry. The industry median Interest Coverage is 19.12. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Capital Markets company?
The median Interest Coverage among Capital Markets companies is 19.12, based on 427 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Cal Bay International and its competitors. For the Capital Markets industry, the median Interest Coverage is 19.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cal Bay International's current Interest Coverage is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cal Bay International stock overvalued right now?
Cal Bay International (CBYI) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Cal Bay International (CBYI), the current Interest Coverage is No Debt (1) as of Sep. 2006. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cal Bay International Business Description

Address 1887 Whitney Mesa Drive, No. 2127, Henderson, NV, USA, 89014
Cal Bay International Inc acquired a Financial, merchant card processing system, CB Green Card, that allows the legal payment to the dispensary by patients using the CB Green card for purchases within the dispensaries. The majority of the transactions are on a cash only basis. The company's merchant processing system allows for the registered dispensaries to be able to accept and process the patients CB Green card and have the proceeds deposited to their financial institution, creating an alternative to holding large amounts of non depositable cash to the banks and at the same time creating a verifiable transaction of sales for state and Federal tax collection agencies. The company has also developed a formula specifically designed for enhancing the growth of marijuana plants.