CXXIF (C21 Investments) Interest Expense : $-0.61 Mil (TTM As of Dec. 2024)

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What is C21 Investments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. C21 Investments's interest expense for the three months ended in Dec. 2024 was $ -0.23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-0.61 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. C21 Investments's Operating Income for the three months ended in Dec. 2024 was $ 0.98 Mil. C21 Investments's Interest Expense for the three months ended in Dec. 2024 was $ -0.23 Mil. C21 Investments's Interest Coverage for the quarter that ended in Dec. 2024 was 4.23. 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.

C21 Investments Interest Expense Historical Data

The historical data trend for C21 Investments'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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C21 Investments Interest Expense Chart

C21 Investments Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Interest Expense

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-1.38

-4.30

-5.15

-1.31

-0.46

C21 Investments Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-	-	-0.14	-0.24	-0.23

C21 Investments 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.61 Mil.

C21 Investments (OTCPK:CXXIF) 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.

C21 Investments's Interest Expense for the three months ended in Dec. 2024 was $-0.23 Mil. Its Operating Income for the three months ended in Dec. 2024 was $0.98 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $10.90 Mil.

C21 Investments's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	0.978	/	-0.231
	=	4.23

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

C21 Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » C21 Investments Inc (OTCPK:CXXIF) » Definitions » Interest Expense

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CXXI:Canada

Address

601 West Cordova Street, Suite 170, Vancouver, BC, CAN, V6B 1G1

Website

https://www.cxxi.ca

C21 Investments Inc is a vertically integrated cannabis company that cultivates, processes, and distributes quality cannabis and hemp-derived consumer products in the United States. The Company owns Silver State Relief and Silver State Cultivation in Nevada, including legacy Oregon brands Phantom Farms, Hood Oil and Eco Firma Farms. These brands produce and distribute a broad range of THC and CBD products from cannabis flowers, pre-rolls, cannabis oil, vaporizer cartridges and edibles.