Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Interest Expense : $-0.41 Mil (TTM As of May. 2020)

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What is Ventura Cannabis and Wellness Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ventura Cannabis and Wellness's interest expense for the three months ended in May. 2020 was $ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2020 was $-0.41 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. Ventura Cannabis and Wellness's Operating Income for the three months ended in May. 2020 was $ -0.12 Mil. Ventura Cannabis and Wellness's Interest Expense for the three months ended in May. 2020 was $ -0.07 Mil. Ventura Cannabis and Wellness 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.

Ventura Cannabis and Wellness Interest Expense Historical Data

The historical data trend for Ventura Cannabis and Wellness'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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Ventura Cannabis and Wellness Interest Expense Chart

Ventura Cannabis and Wellness Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Nov14

Nov15

Feb17

Feb18

Feb19

Feb20

Interest Expense

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-0.02

-0.38

-0.54

-0.27

-0.55

Ventura Cannabis and Wellness Quarterly Data
	May15	Aug15	Nov15	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20
Interest Expense	Get a 7-Day Free Trial															-0.12	-0.24	-0.21	0.11	-0.07

Ventura Cannabis and Wellness 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 May. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.41 Mil.

Ventura Cannabis and Wellness (OTCPK:CVHIF) 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.

Ventura Cannabis and Wellness's Interest Expense for the three months ended in May. 2020 was $-0.07 Mil. Its Operating Income for the three months ended in May. 2020 was $-0.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2020 was $2.95 Mil.

Ventura Cannabis and Wellness's Interest Coverage for the quarter that ended in May. 2020 is calculated as

Ventura Cannabis and Wellness did not have earnings to cover the interest expense.

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

Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ventura Cannabis and Wellness Corp (OTCPK:CVHIF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 W. 6th St, Suite 1415, Los Angeles, CA, USA, 90017

Website

http://www.venturacanna.com

Ventura Cannabis and Wellness Corp is a vertically integrated, California-based products cannabis company. The company is currently building out its distribution channel through revenue-sharing agreements with owner-operator of cannabis dispensaries to ensure it's products get premium shelf space. The Company plans to target four segments in the U.S. cannabis and CBD market with products suited to their needs: senior citizens, upwardly mobile middle-aged female professionals, upwardly mobile middle-aged male professionals and individuals suffering from addiction. These segments desire discrete and well-designed products as well as the accurate dosage of THC.