Green Scientific Labs Holdings (XCNQ:GSL) Interest Expense : C$-0.31 Mil (TTM As of Mar. 2023)

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What is Green Scientific Labs Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Green Scientific Labs Holdings's interest expense for the three months ended in Mar. 2023 was C$ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was C$-0.31 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. Green Scientific Labs Holdings's Operating Income for the three months ended in Mar. 2023 was C$ -0.84 Mil. Green Scientific Labs Holdings's Interest Expense for the three months ended in Mar. 2023 was C$ -0.09 Mil. Green Scientific Labs Holdings 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.

Green Scientific Labs Holdings Interest Expense Historical Data

The historical data trend for Green Scientific Labs Holdings'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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Green Scientific Labs Holdings Interest Expense Chart

Green Scientific Labs Holdings Annual Data

Trend

Apr20

Apr21

Dec22

Interest Expense

-0.48

Green Scientific Labs Holdings Quarterly Data
	Jan20	Apr20	Jul20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial							-0.10	-0.23	-0.45	0.46	-0.09

Green Scientific Labs Holdings 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 C$-0.31 Mil.

Green Scientific Labs Holdings (XCNQ:GSL) 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.

Green Scientific Labs Holdings's Interest Expense for the three months ended in Mar. 2023 was C$-0.09 Mil. Its Operating Income for the three months ended in Mar. 2023 was C$-0.84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was C$2.27 Mil.

Green Scientific Labs Holdings's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Green Scientific Labs Holdings did not have earnings to cover the interest expense.

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

Green Scientific Labs Holdings (XCNQ:GSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Scientific Labs Holdings Inc (XCNQ:GSL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

4001 SW 47th Avenue, Suite 208, Davie, FL, USA, 33314

Website

https://www.greenscientificlabs.com

Green Scientific Labs Holdings Inc is a cannabis and hemp testing laboratory that operates a Certified Marijuana Testing Laboratory licensed testing lab facility. The Company provides analytical testing services including tests for cannabinoid content (potency), terpene content, water activity, moisture content, pesticides, residual solvents, heavy metals, filth and foreign material, and microbiological contaminants for state-licensed cannabis and hemp growers, product formulators, processors, distributors, and retailers. The Company operates in the Geographical regions of Florida and Arizona in the United States.