MTL Cannabis (STU:J4E) Interest Expense : €-1.58 Mil (TTM As of Sep. 2023)

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What is MTL Cannabis Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MTL Cannabis's interest expense for the three months ended in Sep. 2023 was € -1.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was €-1.58 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. MTL Cannabis's Operating Income for the three months ended in Sep. 2023 was € 0.51 Mil. MTL Cannabis's Interest Expense for the three months ended in Sep. 2023 was € -1.03 Mil. MTL Cannabis's Interest Coverage for the quarter that ended in Sep. 2023 was 0.49. 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.

MTL Cannabis Interest Expense Historical Data

The historical data trend for MTL Cannabis'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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MTL Cannabis Interest Expense Chart

MTL Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Interest Expense

-0.73

-0.91

-1.31

MTL Cannabis Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial			-0.42	-	-0.55	-1.03	-

MTL Cannabis 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 €-1.58 Mil.

MTL Cannabis (STU:J4E) 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.

MTL Cannabis's Interest Expense for the three months ended in Sep. 2023 was €-1.03 Mil. Its Operating Income for the three months ended in Sep. 2023 was €0.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was €14.00 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	0.509	/	-1.03
	=	0.49

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

MTL Cannabis (STU:J4E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » MTL Cannabis Corp (STU:J4E) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

J4E:Germany MTLC:Canada

Address

1773 Bayly Street, Pickering, ON, CAN, L1W 2Y7

Website

https://www.mtlcannabis.ca

MTL Cannabis Corp is a flower-first company built for the modern street, MTL Cannabis uses proprietary hydroponic growing methodologies supported by handcrafted techniques to produce products that are truly crafted for the masses. The company focuses on craft quality cannabis products, including lines of dried flower, pre-rolls and hash marketed under the MTL Cannabis, Low Key by MTL and R'belle brands for the Canadian market through nine distribution arrangements with various provincial cannabis distributors. It has also developed a number of export channels for bulk and unbranded GACP quality cannabis.

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