MJ Harvest (MJ Harvest) Interest Expense : $-2.57 Mil (TTM As of Feb. 2023)

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What is MJ Harvest Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MJ Harvest's interest expense for the three months ended in Feb. 2023 was $ -0.95 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2023 was $-2.57 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. MJ Harvest's Operating Income for the three months ended in Feb. 2023 was $ -0.56 Mil. MJ Harvest's Interest Expense for the three months ended in Feb. 2023 was $ -0.95 Mil. MJ Harvest 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.

MJ Harvest Interest Expense Historical Data

The historical data trend for MJ Harvest'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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MJ Harvest Interest Expense Chart

MJ Harvest Annual Data

Trend

May19

May20

May21

May22

Interest Expense

-0.38

-0.78

MJ Harvest Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Interest Expense	Get a 7-Day Free Trial													-0.03	-0.13	-0.61	-0.87	-0.95

MJ Harvest 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 Feb. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.57 Mil.

MJ Harvest (OTCPK:MJHI) 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.

MJ Harvest's Interest Expense for the three months ended in Feb. 2023 was $-0.95 Mil. Its Operating Income for the three months ended in Feb. 2023 was $-0.56 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2023 was $3.01 Mil.

MJ Harvest's Interest Coverage for the quarter that ended in Feb. 2023 is calculated as

MJ Harvest did not have earnings to cover the interest expense.

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

MJ Harvest (MJ Harvest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MJ Harvest Inc (OTCPK:MJHI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

9205 West Russell Road, Suite 240, Las Vegas, NV, USA, 89139

Website

https://www.mjharvestinc.com

MJ Harvest Inc cultivates, harvests, manufactures, and sells cannabis products. It also acquires and markets products and technologies that are designed to benefit growers and processors in the horticultural and agricultural industries.

Executives

David Tobias	director	PO BOX 1602, MESQUITE NV 89024
Jerry Cornwell	director, 10 percent owner	14424 SE 78TH WAY, NEW CASTLE WA 98059
Brad E Herr	officer: CFO	5413 S SAYBROOK LANE, SPOKANE WA 99223
Patrick Bilton	director, 10 percent owner, officer: Chief Executive Officer	9205 W RUSSELL ROAD, SUITE 240, LAS VEGAS NV 89139