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AKAN (Akanda) Interest Expense : $-0.29 Mil (TTM As of Jun. 2024)


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What is Akanda Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Akanda's interest expense for the six months ended in Jun. 2024 was $ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-0.29 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. Akanda's Operating Income for the six months ended in Jun. 2024 was $ -2.35 Mil. Akanda's Interest Expense for the six months ended in Jun. 2024 was $ -0.08 Mil. Akanda 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.


Akanda Interest Expense Historical Data

The historical data trend for Akanda'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.

* Premium members only.

Akanda Interest Expense Chart

Akanda Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
-0.49 -0.65 -0.01 -0.12 -0.26

Akanda Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial -0.04 -0.08 -0.05 -0.21 -0.08

Akanda 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.29 Mil.

* 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.


Akanda  (NAS:AKAN) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Akanda's Interest Expense for the six months ended in Jun. 2024 was $-0.08 Mil. Its Operating Income for the six months ended in Jun. 2024 was $-2.35 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $0.00 Mil.

Akanda's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Akanda did not have earnings to cover the interest expense.

* 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.


Akanda Business Description

Traded in Other Exchanges
Address
1A, 1B Learoyd Road, New Romney, GBR, TN28 8XU
Akanda Corp is a cannabis cultivation, manufacturing, and distribution company. The Company has three reportable segments: Cultivation, Distribution, and Corporate. Cultivating activities comprise the cultivation segment made up of the medical cannabis cultivation operations at RPK/Holigen in Portugal, and medical cannabis cultivation activities. Distributing activities relate to the distribution of medical cannabis by Canmart Ltd in the United Kingdom. Corporate activities entail head office costs and other general corporate expenses related to the administration of the broader group.

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