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Green Thumb Industries (XCNQ:GTII) Interest Coverage : 8.05 (As of Sep. 2024)


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What is Green Thumb Industries Interest Coverage?

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 by its Interest Expense. Green Thumb Industries's Operating Income for the three months ended in Sep. 2024 was C$58 Mil. Green Thumb Industries's Interest Expense for the three months ended in Sep. 2024 was C$-7 Mil. Green Thumb Industries's interest coverage for the quarter that ended in Sep. 2024 was 8.05. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Green Thumb Industries's Interest Coverage or its related term are showing as below:

XCNQ:GTII' s Interest Coverage Range Over the Past 10 Years
Min: 5.68   Med: 9.83   Max: No Debt
Current: 8.21


XCNQ:GTII's Interest Coverage is ranked worse than
60.45% of 660 companies
in the Drug Manufacturers industry
Industry Median: 13.625 vs XCNQ:GTII: 8.21

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 Thumb Industries Interest Coverage Historical Data

The historical data trend for Green Thumb Industries's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Green Thumb Industries Interest Coverage Chart

Green Thumb Industries Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 5.68 9.78 9.88 9.68

Green Thumb Industries Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.57 6.50 9.41 9.03 8.05

Competitive Comparison of Green Thumb Industries's Interest Coverage

For the Drug Manufacturers - Specialty & Generic subindustry, Green Thumb Industries's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Green Thumb Industries's Interest Coverage Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Green Thumb Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Green Thumb Industries's Interest Coverage falls into.



Green Thumb Industries Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


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 Thumb Industries's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Green Thumb Industries's Interest Expense was C$-26 Mil. Its Operating Income was C$248 Mil. And its Long-Term Debt & Capital Lease Obligation was C$745 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*247.702/-25.588
=9.68

Green Thumb Industries's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Green Thumb Industries's Interest Expense was C$-7 Mil. Its Operating Income was C$58 Mil. And its Long-Term Debt & Capital Lease Obligation was C$687 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*57.738/-7.174
=8.05

* 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.

The higher the ratio, the stronger the company's Financial Strength is.


Green Thumb Industries  (XCNQ:GTII) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Green Thumb Industries Interest Coverage Related Terms

Thank you for viewing the detailed overview of Green Thumb Industries's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Green Thumb Industries Business Description

Traded in Other Exchanges
Address
325 West Huron Street, Suite 700, Chicago, IL, USA, 60654
Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 14 states and operates 97 cannabis stores under the brand Rise. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to US federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RYTHM.

Green Thumb Industries Headlines

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