Heritage Cannabis Holding (Heritage Cannabis Holding) Interest Coverage : 0 (At Loss) (As of Oct. 2023)

Heritage Cannabis Holding Interest Coverage Chart

Heritage Cannabis Holding Annual Data
	Trend	Oct14	Oct15	Oct16	Oct17	Oct18	Oct19	Oct20	Oct21	Oct22	Oct23
Interest Coverage		Get a 7-Day Free Trial					N/A	-	-	-	-

Heritage Cannabis Holding Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Interest Coverage	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Heritage Cannabis Holding's Interest Coverage

For the Drug Manufacturers - Specialty & Generic subindustry, Heritage Cannabis Holding'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.

Heritage Cannabis Holding's Interest Coverage Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Heritage Cannabis Holding's Interest Coverage falls into.

Heritage Cannabis Holding 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Heritage Cannabis Holding's Interest Coverage for the fiscal year that ended in Oct. 2023 is calculated as

Here, for the fiscal year that ended in Oct. 2023, Heritage Cannabis Holding's Interest Expense was $-1.39 Mil. Its Operating Income was $-5.88 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.69 Mil.

Heritage Cannabis Holding's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Here, for the three months ended in Oct. 2023, Heritage Cannabis Holding's Interest Expense was $-0.60 Mil. Its Operating Income was $-1.97 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.69 Mil.

* 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.

Heritage Cannabis Holding  (OTCPK:HERTF) 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 .

Heritage Cannabis Holding Interest Coverage Related Terms

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Heritage Cannabis Holding (Heritage Cannabis Holding) Business Description