Goodness Growth Holdings (STU:0ZF0) Interest Expense : €-30.35 Mil (TTM As of Mar. 2024)

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What is Goodness Growth Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Goodness Growth Holdings's interest expense for the three months ended in Mar. 2024 was € -8.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-30.35 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. Goodness Growth Holdings's Operating Income for the three months ended in Mar. 2024 was € 4.38 Mil. Goodness Growth Holdings's Interest Expense for the three months ended in Mar. 2024 was € -8.03 Mil. Goodness Growth Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 0.55. 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.

Goodness Growth Holdings Interest Expense Historical Data

The historical data trend for Goodness Growth 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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Goodness Growth Holdings Interest Expense Chart

Goodness Growth Holdings Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-4.01

-4.19

-9.36

-21.33

-28.67

Goodness Growth Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-6.66	-7.15	-7.42	-7.76	-8.03

Goodness Growth 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-30.35 Mil.

Goodness Growth Holdings (STU:0ZF0) 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.

Goodness Growth Holdings's Interest Expense for the three months ended in Mar. 2024 was €-8.03 Mil. Its Operating Income for the three months ended in Mar. 2024 was €4.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €26.72 Mil.

Goodness Growth Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	4.378	/	-8.025
	=	0.55

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Goodness Growth Holdings Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Goodness Growth Holdings (STU:0ZF0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Goodness Growth Holdings Inc (STU:0ZF0) » Definitions » Interest Expense

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GDNSF:USA GDNS:Canada

Address

885 West Georgia Street, Suite 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.goodnessgrowth.com

Goodness Growth Holdings Inc is a cannabis company whose mission is to provide safe access, quality products and value to its customers while supporting its local communities through active participation and restorative justice programs. It operates in one business segment, namely the Cannabis segment that cultivates, processes, and distributes medical and adult-use cannabis products in a variety of formats, as well as related accessories in Maryland, Minnesota, New Mexico, New York, and formerly Arizona, and Ohio.

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