INLB (Item 9 Labs) Interest Expense: $-9.38 Mil (TTM As of Jun. 2023)


INLB Item 9 Labs Corp INLB
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What is Item 9 Labs Interest Expense?

Item 9 Labs INLB -99.00% 12 Interest Expense is $-9.38 Mil as of Jun. 2023. GuruFocus rates INLB with a GF Score™ of 12/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Item 9 Labs's interest expense for the three months ended in Jun. 2023 was $ -2.95 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-9.38 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. Item 9 Labs's Operating Income for the three months ended in Jun. 2023 was $ -2.80 Mil. Item 9 Labs's Interest Expense for the three months ended in Jun. 2023 was $ -2.95 Mil. Item 9 Labs 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.

Item 9 Labs  (OTCPK:INLB) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Item 9 Labs's Interest Expense for the three months ended in Jun. 2023 was $-2.95 Mil. Its Operating Income for the three months ended in Jun. 2023 was $-2.80 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was $0.15 Mil.

Item 9 Labs's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Item 9 Labs 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.

Item 9 Labs Interest Expense Historical Data

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The historical data trend for Item 9 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.

Item 9 Labs Interest Expense Chart

Item 9 Labs Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.00 -0.34 -6.96 -5.30 -6.42

Item 9 Labs Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.63 -2.48 -1.84 -2.11 -2.95
INLB
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Item 9 Labs Corp INLB
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Item 9 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.38 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-9.38 Mil mean?
Item 9 Labs (INLB) has a Interest Expense of $-9.38 Mil as of Jun. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on Item 9 Labs and its competitors.
Is Item 9 Labs' Interest Expense too high?
Item 9 Labs' current Interest Expense is $-9.38 Mil. Overall, Item 9 Labs has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Item 9 Labs' Interest Expense compare to NEPT and CENBF?
Item 9 Labs' Interest Expense of $-9.38 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 Item 9 Labs and its competitors. Item 9 Labs's current Interest Expense is $-9.38 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Item 9 Labs stock overvalued right now?
Item 9 Labs (INLB) has a current Interest Expense of $-9.38 Mil. The current Interest Expense is $-9.38 Mil. Item 9 Labs' overall GF Score™ is 12/100. 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 Item 9 Labs (INLB), the current Interest Expense is $-9.38 Mil as of Jun. 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.

Item 9 Labs Business Description

Address 2111 E. Highland Avenue, Suite B375, Phoenix, AZ, USA, 85016
Item 9 Labs Corp is a vertically integrated cannabis operator and dispensary franchisor delivering premium products from its large-scale cultivation and production facilities in the United States. The Item 9 Labs brand specializes in products and user experience across several cannabis categories. The company also offers a dispensary franchise model through the national Unity Rd. retail brand. Easing barriers to entry, the franchise provides an opportunity for both new and existing dispensary owners to leverage the knowledge, resources, and ongoing support needed to thrive in their state compliantly and successfully. It also brings industry practices to markets nationwide through distinctive retail experience, cultivation capabilities, and product innovation.
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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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