Acreage Holdings (XCNQ:ACRG.A.U) Interest Expense : $-34.2 Mil (TTM As of Sep. 2023)

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What is Acreage Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Acreage Holdings's interest expense for the three months ended in Sep. 2023 was $ -9.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-34.2 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. Acreage Holdings's Operating Income for the three months ended in Sep. 2023 was $ -2.5 Mil. Acreage Holdings's Interest Expense for the three months ended in Sep. 2023 was $ -9.2 Mil. Acreage 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.

Acreage Holdings Interest Expense Historical Data

The historical data trend for Acreage 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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Acreage Holdings Interest Expense Chart

Acreage Holdings Annual Data

Trend

Aug17

Aug18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.04

-1.19

-15.85

-19.96

-24.04

Acreage Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-5.69	-8.05	-8.07	-8.87	-9.21

Acreage 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-34.2 Mil.

Acreage Holdings (XCNQ:ACRG.A.U) 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.

Acreage Holdings's Interest Expense for the three months ended in Sep. 2023 was $-9.2 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-2.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $249.7 Mil.

Acreage Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Acreage Holdings did not have earnings to cover the interest expense.

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

Acreage Holdings (XCNQ:ACRG.A.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Acreage Holdings Inc (XCNQ:ACRG.A.U) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ACRHF:USA ACRDF:USA 0VZ1:Germany ACRG.B.U:Canada

Address

450 Lexington Avenue, Suite 3308, New York, NY, USA, 10163

Website

https://www.acreageholdings.com

Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing, and retailing cannabis. The Company derives its revenues from its retail dispensary business, where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest, West, and South. The Company operates under one operating segment, which is: the production and sale of cannabis products.

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