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Adamas One (Adamas One) Interest Coverage : 0 (At Loss) (As of Jun. 2023)


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What is Adamas One 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. Adamas One's Operating Income for the three months ended in Jun. 2023 was $-4.48 Mil. Adamas One's Interest Expense for the three months ended in Jun. 2023 was $-0.06 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 Adamas One's Interest Coverage or its related term are showing as below:


JEWL's Interest Coverage is not ranked *
in the Retail - Cyclical industry.
Industry Median: 7.57
* 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.


Adamas One Interest Coverage Historical Data

The historical data trend for Adamas One'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.

Adamas One Interest Coverage Chart

Adamas One Annual Data
Trend Sep20 Sep21 Sep22
Interest Coverage
- - -

Adamas One Quarterly Data
Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Adamas One's Interest Coverage

For the Luxury Goods subindustry, Adamas One'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.


Adamas One's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Adamas One's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Adamas One's Interest Coverage falls into.



Adamas One 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.

Adamas One's Interest Coverage for the fiscal year that ended in Sep. 2022 is calculated as

Here, for the fiscal year that ended in Sep. 2022, Adamas One's Interest Expense was $-2.13 Mil. Its Operating Income was $-8.94 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Adamas One did not have earnings to cover the interest expense.

Adamas One's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Adamas One's Interest Expense was $-0.06 Mil. Its Operating Income was $-4.48 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.19 Mil.

Adamas One 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.


Adamas One  (NAS:JEWL) 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 .


Adamas One Interest Coverage Related Terms

Thank you for viewing the detailed overview of Adamas One's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Adamas One (Adamas One) Business Description

Traded in Other Exchanges
N/A
Address
17767 N. Perimeter Drive, Suite B115, Scottsdale, AZ, USA, 85255
Adamas One Corp is a high-tech diamond company that uses its proprietary technology to produce high-quality, single-crystal diamonds and diamond materials through a CVD process, which it refers to as Diamond Technology. It operates as a Lab-Grown Diamond manufacturer that produces single-crystal diamonds for gemstone and industrial applications. The company produces chemical vapor deposition (CVD) gem-sized Lab-Grown Diamond crystals using processes pioneered by Apollo Diamond. The company's controlled manufacturing processes enable it to produce High-Quality, High Purity, High Volume, single-crystal colorless, near-colorless, and fancy-colored diamonds to suit a variety of industrial and gemstone applications.
Executives
John Grdina director, officer: President and CEO 8340 E. RAINTREE DR. UNIT D, SCOTTSDALE AZ 85260
Gerald A Mcguire officer: Chief Operating Officer SCIO DIAMOND TECHNOLOGY CORPORATION, 411 UNIVERSITY RIDGE, STE D, GREENVILLE SC 29601
Alan B. Menkes director 1160 DAIRY ASHFORD RD, STE 160, HOUSTON TX 77079
Paul Vassilakos director 180 MADISON AVENUE, 17TH FLOOR, NEW YORK NY 10016
Thierry J Chaunu director 17767 NORTH PERIMETER DRIVE, SUITE B115, SCOTTSDALE AZ 85255
George C Chien director 17767 NORTH PERIMETER DRIVE, SUITE B115, SCOTTSDALE AZ 85225
Steven Staehr officer: Chief Financial Officer 9449 SCIENCE CENTER DRIVE, NEW HOPE MN 55428
Pubco, Llc 10 percent owner 10645 N. TATUM BLVD., PHOENIX AZ 85028