Nova Cannabis (FRA:2LK) Interest Expense : €-3.2 Mil (TTM As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Nova Cannabis Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nova Cannabis's interest expense for the three months ended in Mar. 2024 was € -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-3.2 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. Nova Cannabis's Operating Income for the three months ended in Mar. 2024 was € 1.3 Mil. Nova Cannabis's Interest Expense for the three months ended in Mar. 2024 was € -0.8 Mil. Nova Cannabis's Interest Coverage for the quarter that ended in Mar. 2024 was 1.63. 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.

Nova Cannabis Interest Expense Historical Data

The historical data trend for Nova 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.

* Premium members only.

Nova Cannabis Interest Expense Chart

Nova Cannabis Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.47

-1.22

-2.12

-2.76

-3.17

Nova Cannabis Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-0.75	-0.79	-0.84	-0.81	-0.80

Nova 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-3.2 Mil.

Nova Cannabis (FRA:2LK) 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.

Nova Cannabis's Interest Expense for the three months ended in Mar. 2024 was €-0.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was €1.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €28.0 Mil.

Nova Cannabis'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	*	1.296	/	-0.795
	=	1.63

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

Nova Cannabis (FRA:2LK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nova Cannabis Inc (FRA:2LK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NVACF:USA NOVC:Canada

Address

101, 17220 Stony Plain Road NW, Edmonton, AB, CAN, T5S 1K6

Website

https://www.novacannabisstore.com

Nova Cannabis Inc is engaged in the operation of retail cannabis stores in Canada. It operates approximately 88 retail cannabis stores in Alberta, 16 in Ontario, and one in Saskatchewan. Some of its brands are Value Buds and Sweet Tree Cannabis Co. The company's products include Dried flowers, Pre-rolls, Candy and Cartridges, among others.

Nova Cannabis (FRA:2LK) Headlines

No Headlines