NewLake Capital Partners (NewLake Capital Partners) Interest Expense : $-0.37 Mil (TTM As of Mar. 2024)

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What is NewLake Capital Partners Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NewLake Capital Partners's interest expense for the three months ended in Mar. 2024 was $ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.37 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. NewLake Capital Partners's Operating Income for the three months ended in Mar. 2024 was $ 6.98 Mil. NewLake Capital Partners's Interest Expense for the three months ended in Mar. 2024 was $ -0.08 Mil. NewLake Capital Partners's Interest Coverage for the quarter that ended in Mar. 2024 was 84.06. 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.

NewLake Capital Partners Interest Expense Historical Data

The historical data trend for NewLake Capital Partners'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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NewLake Capital Partners Interest Expense Chart

NewLake Capital Partners Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.01

-0.27

-0.38

NewLake Capital Partners Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-0.09	-0.10	-0.10	-0.10	-0.08

NewLake Capital Partners 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 $-0.37 Mil.

NewLake Capital Partners (OTCPK:NLCP) 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.

NewLake Capital Partners's Interest Expense for the three months ended in Mar. 2024 was $-0.08 Mil. Its Operating Income for the three months ended in Mar. 2024 was $6.98 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

NewLake Capital Partners's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	6.977	/	-0.083
	=	84.06

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. NewLake Capital Partners Inc has enough cash to cover all of its debt. Its financial situation is stable.

NewLake Capital Partners (NewLake Capital Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NewLake Capital Partners Inc (OTCPK:NLCP) » Definitions » Interest Expense

Comparable Companies

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Traded in Other Exchanges

N/A

Address

50 Locust Avenue, First Floor, New Canaan, CT, USA, 06840

Website

https://www.newlake.com

NewLake Capital Partners Inc is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions, third-party purchases, and funding for build-to-suit projects.

Executives

David L. Weinstein	director, officer: Chief Executive Officer	62 BEACH STREET, APT. 5F, NEW YORK NY 10013
Peter A. Kadens	director	C/O KUSHCO HOLDINGS, INC., 6261 KATELLA AVE STE 250, CYPRESS CA 90630
Peter Wiser Martay	director	C/O NEWLAKE CAPITAL PARTNERS, INC., 300 575 LEXINGTON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Lisa Meyer	officer: CFO, Treasurer and Secretary	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Anthony Coniglio	director, officer: See Remarks	1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
Gordon F Dugan	director	50 ROCKEFELLER PLZ, 2ND FLOOR, NEW YORK NY 10020
Fredric S. Starker	officer: See Remarks	52 VANDERBILT AVENUE, SUITE 403, NEW YORK NY 10017
Alan Jeffrey Carr	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Joyce Johnson	director	8251 S LUELLA AVENUE, CHICAGO IL 60617