GPFT (Grapefruit USA) Interest Expense: $-0.26 Mil (TTM As of Sep. 2023)

What is Grapefruit USA Interest Expense?

Grapefruit USA GPFT -7.89% Interest Expense is $-0.26 Mil as of Sep. 2023.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grapefruit USA's interest expense for the three months ended in Sep. 2023 was $ -0.26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.26 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. Grapefruit USA's Operating Income for the three months ended in Sep. 2023 was $ -0.16 Mil. Grapefruit USA's Interest Expense for the three months ended in Sep. 2023 was $ -0.26 Mil. Grapefruit USA 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.

Grapefruit USA (OTCPK:GPFT) 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.

Grapefruit USA's Interest Expense for the three months ended in Sep. 2023 was $-0.26 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.00 Mil.

Grapefruit USA's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Grapefruit USA did not have earnings to cover the interest expense.

* 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.

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

Grapefruit USA Interest Expense Historical Data

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The historical data trend for Grapefruit USA's Interest Expense can be seen below:

Grapefruit USA Interest Expense Chart

Grapefruit USA Annual Data

Trend

Dec12

Dec13

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Dec17

Dec18

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Dec21

Interest Expense

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-1.17

-0.68

-0.57

-2.10

-1.69

Grapefruit USA Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.43	-0.30	-0.48	-0.37	-0.26

Grapefruit USA 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.26 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of $-0.26 Mil mean?

Grapefruit USA (GPFT) has a Interest Expense of $-0.26 Mil as of Sep. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on Grapefruit USA and its competitors.

Is Grapefruit USA's Interest Expense too high?

Grapefruit USA's current Interest Expense is $-0.26 Mil.

How does Grapefruit USA's Interest Expense compare to KAYS and KOAN?

Grapefruit USA's Interest Expense of $-0.26 Mil can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Interest Expense for a Drug Manufacturers company?

A good Interest Expense depends on the Drug Manufacturers industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Grapefruit USA and its competitors. Grapefruit USA's current Interest Expense is $-0.26 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Grapefruit USA stock overvalued right now?

Grapefruit USA (GPFT) has a current Interest Expense of $-0.26 Mil. The current Interest Expense is $-0.26 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For Grapefruit USA (GPFT), the current Interest Expense is $-0.26 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Grapefruit USA Business Description

Industry Healthcare Drug Manufacturers

Comparable Companies KAYS KOAN MJNE LRSV CSTF STMH KGKG CBDY CANB GCAN ZTS XTER:MRK TSE:4502 LSE:HLN NSE:SUNPHARMA TSE:4523 TSE:4507 XSWX:SDZ VTRS NBIX

Address 10850 Wilshire Boulevard, Suite 710, Los Angeles, CA, USA, 90024

Website https://www.grapefruitblvd.com

Grapefruit USA Inc currently has no operations. It is actively seeking a strategic merger partner with the goal of completing a business combination.