NGHI (New Green Hemp) Interest Expense: $-0.22 Mil (TTM As of Mar. 2019)


What is New Green Hemp Interest Expense?

New Green Hemp NGHI Interest Expense is $-0.22 Mil as of Mar. 2019.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. New Green Hemp's interest expense for the three months ended in Mar. 2019 was $ -0.18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2019 was $-0.22 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. New Green Hemp's Operating Income for the three months ended in Mar. 2019 was $ -0.02 Mil. New Green Hemp's Interest Expense for the three months ended in Mar. 2019 was $ -0.18 Mil. New Green Hemp 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.

New Green Hemp  (OTCPK:NGHI) 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.

New Green Hemp's Interest Expense for the three months ended in Mar. 2019 was $-0.18 Mil. Its Operating Income for the three months ended in Mar. 2019 was $-0.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2019 was $0.35 Mil.

New Green Hemp's Interest Coverage for the quarter that ended in Mar. 2019 is calculated as

New Green Hemp 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.

New Green Hemp Interest Expense Historical Data

* Premium members only.

The historical data trend for New Green Hemp'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.

New Green Hemp Interest Expense Chart

New Green Hemp Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Interest Expense
Get a 7-Day Free Trial -0.02 -0.12 -0.47 -0.11 0.00

New Green Hemp Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 0.00 -0.04 -0.00 0.00 -0.18

New Green Hemp 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 Mar. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.22 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 $-0.22 Mil mean?
New Green Hemp (NGHI) has a Interest Expense of $-0.22 Mil as of Mar. 2019. Interest Expense is the amount a company pays on its long-term debt. View historical data on New Green Hemp and its competitors.
Is New Green Hemp's Interest Expense too high?
New Green Hemp's current Interest Expense is $-0.22 Mil.
How does New Green Hemp's Interest Expense compare to PKDSQ and FSNR?
New Green Hemp's Interest Expense of $-0.22 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Interest Expense depends on the Oil & Gas 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 New Green Hemp and its competitors. New Green Hemp's current Interest Expense is $-0.22 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Green Hemp stock overvalued right now?
New Green Hemp (NGHI) has a current Interest Expense of $-0.22 Mil. The current Interest Expense is $-0.22 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 New Green Hemp (NGHI), the current Interest Expense is $-0.22 Mil as of Mar. 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.

New Green Hemp Business Description

Industry EnergyOil & Gas
Address 4362 Mahan Drive, Tallahassee, FL, USA, 32308
New Green Hemp Incis focused on developing and acquiring businesses that fit into the disruptive business model of Developing, Scaling, and Financing (DSF) within synergistic industries and focused business groups.