Christina Lake Cannabis (Christina Lake Cannabis) Interest Expense : $-0.79 Mil (TTM As of Nov. 2023)

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What is Christina Lake Cannabis Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Christina Lake Cannabis's interest expense for the three months ended in Nov. 2023 was $ -0.26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was $-0.79 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. Christina Lake Cannabis's Operating Income for the three months ended in Nov. 2023 was $ -1.70 Mil. Christina Lake Cannabis's Interest Expense for the three months ended in Nov. 2023 was $ -0.26 Mil. Christina Lake Cannabis 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.

Christina Lake Cannabis Interest Expense Historical Data

The historical data trend for Christina Lake Cannabis'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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Christina Lake Cannabis Interest Expense Chart

Christina Lake Cannabis Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Expense

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-0.44

-0.67

-0.57

-0.79

Christina Lake Cannabis Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Expense	Get a 7-Day Free Trial															-0.09	-0.18	-0.20	-0.16	-0.26

Christina Lake Cannabis 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.79 Mil.

Christina Lake Cannabis (OTCPK:CLCFF) 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.

Christina Lake Cannabis's Interest Expense for the three months ended in Nov. 2023 was $-0.26 Mil. Its Operating Income for the three months ended in Nov. 2023 was $-1.70 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was $3.28 Mil.

Christina Lake Cannabis's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Christina Lake Cannabis did not have earnings to cover the interest expense.

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

Christina Lake Cannabis (Christina Lake Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Christina Lake Cannabis Corp (OTCPK:CLCFF) » Definitions » Interest Expense

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CLB:Germany CLC:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.christinalakecannabis.com

Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flower, oil cannabinoids and hemp-based extracts and derivatives, serving domestic and international markets.