Cresco Labs (Cresco Labs) Interest Expense : $-63.7 Mil (TTM As of Mar. 2024)

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What is Cresco Labs Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cresco Labs's interest expense for the three months ended in Mar. 2024 was $ -14.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-63.7 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. Cresco Labs's Operating Income for the three months ended in Mar. 2024 was $ 29.2 Mil. Cresco Labs's Interest Expense for the three months ended in Mar. 2024 was $ -14.8 Mil. Cresco Labs's Interest Coverage for the quarter that ended in Mar. 2024 was 1.97. 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.

Cresco Labs Interest Expense Historical Data

The historical data trend for Cresco Labs'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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Cresco Labs Interest Expense Chart

Cresco Labs Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9.46

-32.64

-52.15

-58.52

-63.24

Cresco Labs Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-16.01	-19.63	-14.63	-14.61	-14.82

Cresco Labs 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-63.7 Mil.

Cresco Labs (OTCPK:CRLBF) 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.

Cresco Labs's Interest Expense for the three months ended in Mar. 2024 was $-14.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was $29.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $661.3 Mil.

Cresco Labs's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	29.163	/	-14.819
	=	1.97

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

Cresco Labs (Cresco Labs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cresco Labs Inc (OTCPK:CRLBF) » Definitions » Interest Expense

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6CQ:Germany CL:Canada

Address

400 W. Erie Street, Suite 110, Chicago, IL, USA, 60654

Website

https://www.crescolabs.com

Cresco Labs Inc is a vertically-integrated multi-state cannabis operator in the United States licensed to cultivate, manufacture and sell retail and medical cannabis products through Sunnyside, Cresco Labs' national dispensary brand and third-party retail stores. The Company operates in one segment, the cultivation, manufacturing, distribution and sale of cannabis.