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GreenFirst Forest Products (TSX:GFP) Interest Expense : C$-2.4 Mil (TTM As of Mar. 2024)


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What is GreenFirst Forest Products Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GreenFirst Forest Products's interest expense for the three months ended in Mar. 2024 was C$ -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-2.4 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. GreenFirst Forest Products's Operating Income for the three months ended in Mar. 2024 was C$ -7.4 Mil. GreenFirst Forest Products's Interest Expense for the three months ended in Mar. 2024 was C$ -0.8 Mil. GreenFirst Forest Products 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.

GreenFirst Forest Products Interest Expense Historical Data

The historical data trend for GreenFirst Forest Products'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.

* Premium members only.

GreenFirst Forest Products Interest Expense Chart

GreenFirst Forest Products Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.03 -4.72 -10.54 -2.79

GreenFirst Forest Products 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 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 -1.10 -0.51 -0.74 -0.44 -0.76

GreenFirst Forest Products 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 C$-2.4 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.

GreenFirst Forest Products  (TSX:GFP) 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.

GreenFirst Forest Products's Interest Expense for the three months ended in Mar. 2024 was C$-0.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-7.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$48.6 Mil.

GreenFirst Forest Products's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

GreenFirst Forest Products 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.

GreenFirst Forest Products (TSX:GFP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » GreenFirst Forest Products Inc (TSX:GFP) » Definitions » Interest Expense
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Traded in Other Exchanges
ICLTF:USA IMT:Germany
Address
401 The West Mall, Suite 1000, Vancouver, BC, CAN, M9C 5J5
Website
https://www.greenfirst.ca
GreenFirst Forest Products Inc is a forest-first business, focused on sustainable forest management and lumber production. The Company operates through two business segments: forest products and paper products. Through its forest products segment, the Company produces and markets a wide range of forest products for use in residential and commercial construction, including SPF lumber, wood chips, and by-products. The Paper Products segment manufactures and sells paper-grade products used in printing newspapers, promotional materials, food service bags, and other related paper products.
Executives
Michael Clark Mitchell Director

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