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Medical Cannabis Payment Solutions (Medical Cannabis Payment Solutions) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Medical Cannabis Payment Solutions 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. Medical Cannabis Payment Solutions's Operating Income for the three months ended in . 20 was $0.00 Mil. Medical Cannabis Payment Solutions's Interest Expense for the three months ended in . 20 was $0.00 Mil. did not have earnings to cover the interest expense. 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 Medical Cannabis Payment Solutions's Interest Coverage or its related term are showing as below:


REFG's Interest Coverage is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 9.145
* 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.


Medical Cannabis Payment Solutions Interest Coverage Historical Data

The historical data trend for Medical Cannabis Payment Solutions'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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Medical Cannabis Payment Solutions Interest Coverage Chart

Medical Cannabis Payment Solutions Annual Data
Trend
Interest Coverage

Medical Cannabis Payment Solutions Quarterly Data
Interest Coverage

Competitive Comparison of Medical Cannabis Payment Solutions's Interest Coverage

For the Health Information Services subindustry, Medical Cannabis Payment Solutions'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.


Medical Cannabis Payment Solutions's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Medical Cannabis Payment Solutions's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Medical Cannabis Payment Solutions's Interest Coverage falls into.



Medical Cannabis Payment Solutions 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.

Medical Cannabis Payment Solutions's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Medical Cannabis Payment Solutions's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Medical Cannabis Payment Solutions had no debt (1).

Medical Cannabis Payment Solutions's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the three months ended in . 20, Medical Cannabis Payment Solutions's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Medical Cannabis Payment Solutions 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.


Medical Cannabis Payment Solutions  (OTCPK:REFG) 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 .


Medical Cannabis Payment Solutions Interest Coverage Related Terms

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Medical Cannabis Payment Solutions (Medical Cannabis Payment Solutions) Business Description

Traded in Other Exchanges
N/A
Address
5940 S. Rainbow Blvd., Las Vegas, NV, USA, 89118
Medical Cannabis Payment Solutions Inc is a United States-based company. Along with its subsidiaries, the firm is engaged in the development of ancillary services for the medical marijuana industry. The company offers a software product named Go that is a proprietary merchant processing system designed to serve the monetary demands of the state-legalized cannabis market and offers electronic payment, eCommerce features, solves cash handling issues and gives immediate access to funds.