Global Hemp Group (STU:GHG0) Interest Expense : €-0.39 Mil (TTM As of Dec. 2023)

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What is Global Hemp Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Global Hemp Group's interest expense for the three months ended in Dec. 2023 was € -0.11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.39 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. Global Hemp Group's Operating Income for the three months ended in Dec. 2023 was € -0.04 Mil. Global Hemp Group's Interest Expense for the three months ended in Dec. 2023 was € -0.11 Mil. Global Hemp Group 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.

Global Hemp Group Interest Expense Historical Data

The historical data trend for Global Hemp Group'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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Global Hemp Group Interest Expense Chart

Global Hemp Group Annual Data

Trend

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Sep23

Interest Expense

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-0.12

-0.50

-0.37

Global Hemp Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.09	-0.09	-0.10	-0.10	-0.11

Global Hemp Group 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.39 Mil.

Global Hemp Group (STU:GHG0) 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.

Global Hemp Group's Interest Expense for the three months ended in Dec. 2023 was €-0.11 Mil. Its Operating Income for the three months ended in Dec. 2023 was €-0.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €0.50 Mil.

Global Hemp Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Global Hemp Group did not have earnings to cover the interest expense.

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

Global Hemp Group (STU:GHG0) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Global Hemp Group Inc (STU:GHG0) » Definitions » Interest Expense

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GBHPF:USA GHG:Canada

Address

1169 Mount Seymour Road, Suite 106, North Vancouver, Vancouver, BC, CAN, V7H 2Y4

Website

https://www.globalhempgroup.com

Global Hemp Group Inc is a Canadian company. It is focused on two key business segments - Industrial Hemp and Biopharma. The industrial Hemp division focuses on the environmental uses of hemp for construction and hemp for sustainable bio-energy sources, both contributing to a carbon-negative footprint, and the Health and Wellness Division is focused on the acquisition of exclusive patents and IP through licensing agreements.

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