GRIID Infrastructure (GRIID Infrastructure) Interest Expense : $-28.80 Mil (TTM As of Sep. 2023)

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What is GRIID Infrastructure Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GRIID Infrastructure's interest expense for the three months ended in Sep. 2023 was $ -8.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-28.80 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. GRIID Infrastructure's Operating Income for the three months ended in Sep. 2023 was $ -3.00 Mil. GRIID Infrastructure's Interest Expense for the three months ended in Sep. 2023 was $ -8.01 Mil. GRIID Infrastructure 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.

GRIID Infrastructure Interest Expense Historical Data

The historical data trend for GRIID Infrastructure'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.

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GRIID Infrastructure Interest Expense Chart

GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-4.23

-14.37

-34.00

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial			-2.62	-14.37	-6.42	-8.01	-

GRIID Infrastructure 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-28.80 Mil.

GRIID Infrastructure (NAS:GRDI) Interest Expense Explanation

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

GRIID Infrastructure's Interest Expense for the three months ended in Sep. 2023 was $-8.01 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-3.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $54.38 Mil.

GRIID Infrastructure's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

GRIID Infrastructure did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

GRIID Infrastructure (GRIID Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GRIID Infrastructure Inc (NAS:GRDI) » Definitions » Interest Expense

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Traded in Other Exchanges

GRDI:Canada

Address

2577 Duck Creek Road, Cincinnati, OH, USA, 45212

Website

Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (GRIID Infrastructure) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024