NMHI (Nature's Miracle Holding) Interest Expense : $-1.88 Mil (TTM As of Sep. 2024)

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What is Nature's Miracle Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nature's Miracle Holding's interest expense for the three months ended in Sep. 2024 was $ -0.74 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.88 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. Nature's Miracle Holding's Operating Income for the three months ended in Sep. 2024 was $ -2.00 Mil. Nature's Miracle Holding's Interest Expense for the three months ended in Sep. 2024 was $ -0.74 Mil. Nature's Miracle Holding 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.

Nature's Miracle Holding Interest Expense Historical Data

The historical data trend for Nature's Miracle Holding'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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Nature's Miracle Holding Interest Expense Chart

Nature's Miracle Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.74

-0.85

Nature's Miracle Holding Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial									-0.13	-0.35	-0.30	-0.49	-0.74

Nature's Miracle Holding 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.88 Mil.

Nature's Miracle Holding (OTCPK:NMHI) 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.

Nature's Miracle Holding's Interest Expense for the three months ended in Sep. 2024 was $-0.74 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-2.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $5.99 Mil.

Nature's Miracle Holding's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Nature's Miracle Holding did not have earnings to cover the interest expense.

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

Nature's Miracle Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nature's Miracle Holding Inc (OTCPK:NMHI) » Definitions » Interest Expense

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Address

858 North Central Avenue, Upland, CA, USA, 91786

Website

https://www.nature-miracle.com

Nature's Miracle Holding Inc is a growing agriculture technology company providing Controlled Environment Agriculture (CEA) hardware products to growers in the CEA industry setting in North America. It provides hardware to design, build, and operate various indoor growing settings, including greenhouse and indoor growing spaces. Its products include Horticultural Lighting, Irrigation System, Power Distribution Systems, Climate Control Systems, Disinfection Systems, and Materials And Equipment.