AGTK (Agritek Holdings) Interest Expense: $-2.58 Mil (TTM As of Dec. 2019)

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What is Agritek Holdings Interest Expense?

Agritek Holdings AGTK Interest Expense is $-2.58 Mil as of Dec. 2019.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Agritek Holdings's interest expense for the three months ended in Dec. 2019 was $ -0.56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2019 was $-2.58 Mil.

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. Agritek Holdings's Operating Income for the three months ended in Dec. 2019 was $ -1.46 Mil. Agritek Holdings's Interest Expense for the three months ended in Dec. 2019 was $ -0.56 Mil. Agritek Holdings did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Agritek Holdings  (OTCPK:AGTK) Interest Expense Explanation

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. The higher, the better.

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

Agritek Holdings's Interest Expense for the three months ended in Dec. 2019 was $-0.56 Mil. Its Operating Income for the three months ended in Dec. 2019 was $-1.46 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2019 was $0.08 Mil.

Agritek Holdings's Interest Coverage for the quarter that ended in Dec. 2019 is calculated as

Agritek Holdings did not have earnings to cover the interest expense.

* 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.

Agritek Holdings Interest Expense Historical Data

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The historical data trend for Agritek Holdings's Interest Expense 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.

Agritek Holdings Interest Expense Chart

Agritek Holdings Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.49 -0.05 -1.87 -2.72 -2.82

Agritek Holdings Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Interest Expense 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 -0.87 -0.03 -0.36 -1.62 -0.56

Agritek Holdings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.58 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-2.58 Mil mean?
Agritek Holdings (AGTK) has a Interest Expense of $-2.58 Mil as of Dec. 2019. Interest Expense is the amount a company pays on its long-term debt. View historical data on Agritek Holdings and its competitors.
Is Agritek Holdings' Interest Expense too high?
Agritek Holdings' current Interest Expense is $-2.58 Mil.
How does Agritek Holdings' Interest Expense compare to DPWW and PACQF?
Agritek Holdings' Interest Expense of $-2.58 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Real Estate company?
A good Interest Expense depends on the Real Estate industry context. However, Interest Expense 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 Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Agritek Holdings and its competitors. Agritek Holdings's current Interest Expense is $-2.58 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agritek Holdings stock overvalued right now?
Agritek Holdings (AGTK) has a current Interest Expense of $-2.58 Mil. The current Interest Expense is $-2.58 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Agritek Holdings (AGTK), the current Interest Expense is $-2.58 Mil as of Dec. 2019. 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.

Agritek Holdings Business Description

Address 777 Brickell Avenue, Suite 500, Miami, FL, USA, 33131
Agritek Holdings Inc is a U.S based fully integrated, active investor and operator in the legal cannabis sector. The company acquires and leases real estate, then leases or sub-leases the real estate to licensed marijuana operators. It is focused on three high-value segments of the cannabis market, including real estate investment, intellectual property brands; and infrastructure, with operations in three states: Colorado, Washington State, and California as well as Canada and Puerto Rico. The firm invests its capital through real estate holdings, licensing agreements, royalties, and equity in acquisition operations.