MMNFQ (MedMen Enterprises) Interest Expense: $-39.1 Mil (TTM As of Mar. 2023)


What is MedMen Enterprises Interest Expense?

MedMen Enterprises MMNFQ -90.00% Interest Expense is $-39.1 Mil as of Mar. 2023.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MedMen Enterprises's interest expense for the three months ended in Mar. 2023 was $ -11.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-39.1 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. MedMen Enterprises's Operating Income for the three months ended in Mar. 2023 was $ -10.3 Mil. MedMen Enterprises's Interest Expense for the three months ended in Mar. 2023 was $ -11.6 Mil. MedMen Enterprises 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.

MedMen Enterprises  (OTCPK:MMNFQ) 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.

MedMen Enterprises's Interest Expense for the three months ended in Mar. 2023 was $-11.6 Mil. Its Operating Income for the three months ended in Mar. 2023 was $-10.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $67.4 Mil.

MedMen Enterprises's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

MedMen Enterprises 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.

MedMen Enterprises Interest Expense Historical Data

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The historical data trend for MedMen Enterprises'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.

MedMen Enterprises Interest Expense Chart

MedMen Enterprises Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.12 -20.69 -38.94 -52.75 -43.07

MedMen Enterprises Quarterly Data
Apr18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -9.14 -4.63 -11.64 -11.23 -11.64

MedMen Enterprises 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-39.1 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 $-39.1 Mil mean?
MedMen Enterprises (MMNFQ) has a Interest Expense of $-39.1 Mil as of Mar. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on MedMen Enterprises and its competitors.
Is MedMen Enterprises' Interest Expense too high?
MedMen Enterprises' current Interest Expense is $-39.1 Mil.
How does MedMen Enterprises' Interest Expense compare to ZTS and VTRS?
MedMen Enterprises' Interest Expense of $-39.1 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 MedMen Enterprises and its competitors. MedMen Enterprises's current Interest Expense is $-39.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MedMen Enterprises stock overvalued right now?
MedMen Enterprises (MMNFQ) has a current Interest Expense of $-39.1 Mil. The current Interest Expense is $-39.1 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 MedMen Enterprises (MMNFQ), the current Interest Expense is $-39.1 Mil as of Mar. 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.

MedMen Enterprises Business Description

Address 8740 S Sepulveda Boulevard, Suite 105, Los Angeles, CA, USA, 90045
MedMen Enterprises Inc is a American cannabis company dedicated to improving life with Cannabis for All. With operations across the United States in California, Nevada, Illinois, Arizona, Massachusetts, and New York, the company has MedMen and LuxLyte brands offering cannabis in consumer-preferred product forms for medical and recreational use. It produces and curates the consumer product assortment for retail operations in its local communities, and drives consumer loyalty with service and engaging in-store experience, combined with reward, delivery, and e-commerce programs.