1933 Industries (1933 Industries) Interest Expense : $-1.33 Mil (TTM As of Jan. 2024)

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What is 1933 Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. 1933 Industries's interest expense for the three months ended in Jan. 2024 was $ -0.35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-1.33 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. 1933 Industries's Operating Income for the three months ended in Jan. 2024 was $ -0.19 Mil. 1933 Industries's Interest Expense for the three months ended in Jan. 2024 was $ -0.35 Mil. 1933 Industries 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.

1933 Industries Interest Expense Historical Data

The historical data trend for 1933 Industries'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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1933 Industries Interest Expense Chart

1933 Industries Annual Data

Trend

Dec14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Interest Expense

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-2.13

-2.74

-1.68

-1.36

-1.30

1933 Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.31	-0.31	-0.34	-0.33	-0.35

1933 Industries 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.33 Mil.

1933 Industries (OTCPK:TGIFF) 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.

1933 Industries's Interest Expense for the three months ended in Jan. 2024 was $-0.35 Mil. Its Operating Income for the three months ended in Jan. 2024 was $-0.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $11.86 Mil.

1933 Industries's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

1933 Industries did not have earnings to cover the interest expense.

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

1933 Industries (1933 Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » 1933 Industries Inc (OTCPK:TGIFF) » Definitions » Interest Expense

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TGIF:Canada

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.1933industries.com

1933 Industries Inc is a vertically integrated cannabis company. The company is focused on the cultivation and manufacturing of cannabis consumer-branded goods. The Company operates in three segments, referred to as AMA, Infused MFG, and Corporate. AMA is focused on the cultivation and sale of medical and adult-use cannabis products, and Infused MFG is focused on the manufacturing of hemp-derived CBD products. The majority of revenue is generated from the AMA segment. The operations of AMA and Infused MFG are located in the United States. All revenues are earned in the United States.