MJ Holdings (MJ Holdings) Interest Expense : $-0.09 Mil (TTM As of Sep. 2023)

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What is MJ Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MJ Holdings's interest expense for the three months ended in Sep. 2023 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.09 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. MJ Holdings's Operating Income for the three months ended in Sep. 2023 was $ -0.42 Mil. MJ Holdings's Interest Expense for the three months ended in Sep. 2023 was $ -0.02 Mil. MJ Holdings 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.

MJ Holdings Interest Expense Historical Data

The historical data trend for MJ Holdings'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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MJ Holdings Interest Expense Chart

MJ Holdings Annual Data

Trend

Dec13

Dec14

Dec15

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Dec18

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Dec20

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Dec22

Interest Expense

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-0.02

-0.13

-0.17

-0.11

-0.08

MJ Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.02	-0.02	-0.01	-0.03	-0.02

MJ Holdings 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 $-0.09 Mil.

MJ Holdings (OTCPK:MJNE) 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.

MJ Holdings's Interest Expense for the three months ended in Sep. 2023 was $-0.02 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.42 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.86 Mil.

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

MJ Holdings did not have earnings to cover the interest expense.

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

MJ Holdings (MJ Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MJ Holdings Inc (OTCPK:MJNE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

5730 Sky Pointe Dr., Suite 102, Las Vegas, NV, USA, 89130

Website

https://www.mjholdingsinc.com

MJ Holdings Inc engages in the provision of consulting and operating services to the regulated cannabis industry. It provides a full spectrum of infrastructure, cultivation management, production management, distribution consulting, and operating services to cultivation and production operators.

Executives

Paris Balaouras	director, 10 percent owner, officer: Chief Cultivation Officer	212 DESERT VIEW, LAS VEGAS NV 89107
David C. Dear	director	101 COLUMNS CIRCLE, SHELBY NC 28150
Bernard Thomas Moyle	officer: Chief Financial Officer	201 W NORTH RIVER DR. #100, SPOKANE WA 99201
Roger James Bloss	officer: Chief Executive Officer	201 W NORTH RIVER DR. #100, SPOKANE WA 99201
Terrence Mcgill Tierney	officer: President	245 E 54TH STREET, #9S, NEW YORK NY 10022
Rsgroberg Consulting Llc	officer: President	1256 PANINI DRIVE, ATTN: RICHARD GROBERG, HENDERSON NV 89052