MedMen Enterprises (MedMen Enterprises) Interest Expense : $-39.1 Mil (TTM As of Mar. 2023)

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What is MedMen Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MedMen Enterprises's interest expense for the three months ended in Mar. 2023 was $ -11.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-39.1 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. MedMen Enterprises's Operating Income for the three months ended in Mar. 2023 was $ -10.3 Mil. MedMen Enterprises's Interest Expense for the three months ended in Mar. 2023 was $ -11.6 Mil. MedMen Enterprises 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.

MedMen Enterprises Interest Expense Historical Data

The historical data trend for MedMen Enterprises'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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MedMen Enterprises Interest Expense Chart

MedMen Enterprises Annual Data

Trend

Oct13

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Jun22

Interest Expense

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-16.12

-20.69

-38.94

-52.75

-43.07

MedMen Enterprises Quarterly Data
	Apr18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-9.14	-4.63	-11.64	-11.23	-11.64

MedMen Enterprises 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-39.1 Mil.

MedMen Enterprises (OTCPK:MMNFQ) 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.

MedMen Enterprises's Interest Expense for the three months ended in Mar. 2023 was $-11.6 Mil. Its Operating Income for the three months ended in Mar. 2023 was $-10.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $67.4 Mil.

MedMen Enterprises's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

MedMen Enterprises did not have earnings to cover the interest expense.

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

MedMen Enterprises (MedMen Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MedMen Enterprises Inc (OTCPK:MMNFQ) » Definitions » Interest Expense

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0JS:Germany MMEN:Canada

Address

10115 Jefferson Boulevard, Culver City, CA, USA, 90232

Website

https://www.medmen.com

MedMen Enterprises Inc formerly known as Ladera Ventures Corp is the preeminent cannabis company with multiple assets and operations in California, Nevada, and New York, which combined account for nearly half of North America's addressable legal market. The company owns and operates licensed cannabis facilities in cultivation, manufacturing, and retail.