Delta 9 Cannabis (Delta 9 Cannabis) Interest Expense : $-5.04 Mil (TTM As of Mar. 2024)

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What is Delta 9 Cannabis Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Delta 9 Cannabis's interest expense for the three months ended in Mar. 2024 was $ -1.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.04 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. Delta 9 Cannabis's Operating Income for the three months ended in Mar. 2024 was $ -2.17 Mil. Delta 9 Cannabis's Interest Expense for the three months ended in Mar. 2024 was $ -1.21 Mil. Delta 9 Cannabis 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.

Delta 9 Cannabis Interest Expense Historical Data

The historical data trend for Delta 9 Cannabis'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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Delta 9 Cannabis Interest Expense Chart

Delta 9 Cannabis Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.38

-2.50

-3.05

-4.86

-5.07

Delta 9 Cannabis Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1.22	-1.18	-1.16	-1.49	-1.21

Delta 9 Cannabis 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.04 Mil.

Delta 9 Cannabis (OTCPK:DLTNF) 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.

Delta 9 Cannabis's Interest Expense for the three months ended in Mar. 2024 was $-1.21 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-2.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $18.11 Mil.

Delta 9 Cannabis's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Delta 9 Cannabis did not have earnings to cover the interest expense.

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

Delta 9 Cannabis (Delta 9 Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Delta 9 Cannabis Inc (OTCPK:DLTNF) » Definitions » Interest Expense

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V5D1:Germany DN:Canada

Address

Osborne Village, P.O. Box 68096, Winnipeg, MB, CAN, R3L 2V9

Website

https://www.delta9.ca

Delta 9 Cannabis Inc is a cannabis company. It sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. The company's subsidiary, Delta 9 Bio-Tech Inc, is a licensed producer of medical and recreational cannabis and operates an 80,000-square-foot production facility in Winnipeg, Manitoba, Canada. The company owns and operates a chain of retail stores under the Delta 9 Cannabis store brand.