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Green Rise Foods (TSXV:GRF) Interest Expense : C$-2.74 Mil (TTM As of Dec. 2024)


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What is Green Rise Foods Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Green Rise Foods's interest expense for the three months ended in Dec. 2024 was C$ -0.56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was C$-2.74 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. Green Rise Foods's Operating Income for the three months ended in Dec. 2024 was C$ -4.26 Mil. Green Rise Foods's Interest Expense for the three months ended in Dec. 2024 was C$ -0.56 Mil. Green Rise Foods 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.

Green Rise Foods Interest Expense Historical Data

The historical data trend for Green Rise Foods'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.

Green Rise Foods Interest Expense Chart

Green Rise Foods Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial -0.90 -1.16 -1.67 -2.38 -2.74

Green Rise Foods Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -1.19 -0.34 -0.75 -1.10 -0.56

Green Rise Foods 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.74 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.

Green Rise Foods  (TSXV:GRF) 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.

Green Rise Foods's Interest Expense for the three months ended in Dec. 2024 was C$-0.56 Mil. Its Operating Income for the three months ended in Dec. 2024 was C$-4.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was C$40.79 Mil.

Green Rise Foods's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Green Rise Foods 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Green Rise Foods Inc interest coverage is 1.04, which is low.

Green Rise Foods Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Green Rise Foods Inc (TSXV:GRF) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
47 Colborne Street, Suite 301, Toronto, ON, CAN, M5E1P8
Website
https://www.greenrisefoods.ca
Green Rise Foods Inc is a grower of fresh produce. The company takes pride in providing high-quality, consistent, and reliable products to meet the growing consumer demand for locally-grown fresh produce. It seeks to optimize its operations to generate improved product quality and shelf life, expand profit margins, and provide investors with meaningful and growing returns. The seasonal operation consists of the growing, packaging, and sale of produce to the majority of its customers.
Executives
Enrico Lorenzo Paolone 10% Security Holder, Director, Senior Officer
George Hatzoglou Senior Officer
Stanley A. Thomas Director