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Canopy Growth Interest Coverage

: N/A (As of Dec. 2019)
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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. Canopy Growth's Operating Income for the three months ended in Dec. 2019 was $-127.8 Mil. Canopy Growth's Interest Expense for the three months ended in Dec. 2019 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. 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.


Canopy Growth Interest Coverage Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Canopy Growth Annual Data
Jul10 Jul11 Jul12 Jul13 Dec14 Mar16 Mar17 Mar18 Mar19
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 0.00 0.00 0.00 0.00

Canopy Growth Quarterly Data
Dec14 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Interest Coverage 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 Premium Member Only Premium Member Only Premium Member Only N/A N/A 0.00 0.00 N/A

Competitive Comparison
* 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.


Canopy Growth Interest Coverage Distribution

* The bar in red indicates where Canopy Growth's Interest Coverage falls into.



Canopy Growth 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.


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

Canopy Growth's Interest Coverage for the fiscal year that ended in Mar. 2019 is calculated as

Here, for the fiscal year that ended in Mar. 2019, Canopy Growth's Interest Expense was $-1.5 Mil. Its Operating Income was $-414.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $629.9 Mil.

Canopy Growth did not have earnings to cover the interest expense.

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

Here, for the three months ended in Dec. 2019, Canopy Growth's Interest Expense was $0.0 Mil. Its Operating Income was $-127.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $407.1 Mil.

GuruFocus does not calculate Canopy Growth's interest coverage with the available data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

The higher the ratio, the stronger the company's Financial Strength is.


Canopy Growth  (NYSE:CGC) 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 .


Canopy Growth Interest Coverage Related Terms


Canopy Growth Interest Coverage Headlines

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