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Marijuana Company of America (Marijuana Company of America) Interest Coverage

: 0 (At Loss) (As of Sep. 2022)
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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 by its Interest Expense. Marijuana Company of America's Operating Income for the three months ended in Sep. 2022 was $-0.89 Mil. Marijuana Company of America's Interest Expense for the three months ended in Sep. 2022 was $-0.76 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Marijuana Company of America's Interest Coverage or its related term are showing as below:


MCOA's Interest Coverage is not ranked *
in the Drug Manufacturers industry.
Industry Median: 12.175
* 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.


Marijuana Company of America Interest Coverage Historical Data

The historical data trend for Marijuana Company of America'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.

* Premium members only.

Marijuana Company of America Annual Data
Trend Dec00 Dec01 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
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Marijuana Company of America Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 - - - - -

Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Marijuana Company of America'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.


Marijuana Company of America Interest Coverage Distribution

For the Drug Manufacturers industry and Healthcare sector, Marijuana Company of America's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Marijuana Company of America's Interest Coverage falls into.



Marijuana Company of America 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.

Marijuana Company of America's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Marijuana Company of America's Interest Expense was $-4.30 Mil. Its Operating Income was $-4.71 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Marijuana Company of America did not have earnings to cover the interest expense.

Marijuana Company of America's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Here, for the three months ended in Sep. 2022, Marijuana Company of America's Interest Expense was $-0.76 Mil. Its Operating Income was $-0.89 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Marijuana Company of America 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.


Marijuana Company of America  (OTCPK:MCOA) 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 .


Marijuana Company of America Interest Coverage Related Terms

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Marijuana Company of America (Marijuana Company of America) Business Description

Traded in Other Exchanges
N/A
Address
633 West 5th Street, Suite 2826, Los Angeles, CA, USA, 90071
Marijuana Company of America Inc is a marijuana marketing and distribution company. Through its subsidiary, the company delivers all the benefits of industrial hemp-derived cannabinoid products to the world through its unique marketing and distribution platform through cDistro. It also provides turn-key services to the legal cannabis and hemp industry, as well as, strategically investing in synergistic companies to develop a diverse portfolio of subsidiaries and joint ventures that create value for our shareholders.
Executives
Jesus Quintero director, 10 percent owner 16860 SOUTHWEST 1ST STREET, PEMBROKE PINES FL 33027
Themistocles Psomiadis director 1420 MIDTOWN AVE, APT 407, MOUNT PLEASANT SC 29464
Donald J Steinberg director, 10 percent owner, officer: President 3223 SUMAC ROAD, FALLBROOK CA 92028
Charles John Larsen director, 10 percent owner 333 WASHINGTON BLVD., #386, MARINA DEL REY CA 90292
Hymers Iii R. Leslie director, 10 percent owner, officer: Chief Financial Officer 520 S GRAND AVENUE, STE 320, LOS ANGELES CA 90071

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