Urban-gro (Urban-gro) Interest Expense : $-0.30 Mil (TTM As of Mar. 2024)

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What is Urban-gro Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Urban-gro's interest expense for the three months ended in Mar. 2024 was $ -0.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.30 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. Urban-gro's Operating Income for the three months ended in Mar. 2024 was $ -2.06 Mil. Urban-gro's Interest Expense for the three months ended in Mar. 2024 was $ -0.10 Mil. Urban-gro 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.

Urban-gro Interest Expense Historical Data

The historical data trend for Urban-gro'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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Urban-gro Interest Expense Chart

Urban-gro Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.04

-1.50

-0.97

-0.06

-0.27

Urban-gro 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															-0.07	-0.05	-0.04	-0.11	-0.10

Urban-gro 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 $-0.30 Mil.

Urban-gro (NAS:UGRO) 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.

Urban-gro's Interest Expense for the three months ended in Mar. 2024 was $-0.10 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-2.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1.29 Mil.

Urban-gro's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Urban-gro did not have earnings to cover the interest expense.

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

Urban-gro (Urban-gro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Urban-gro Inc (NAS:UGRO) » Definitions » Interest Expense

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Traded in Other Exchanges

8P6:Germany

Address

1751 Panorama Point, Unit G, Lafayette, CO, USA, 80026

Website

https://www.urban-gro.com

Urban-gro Inc is a integrated professional services and construction design-build firm . we offer fully integrated architectural, engineering and cultivation systems integration company for commercial cannabis and food-focused Controlled Environment Agriculture (CEA) facilities. With experience in hundreds of CEA facilities spanning millions of square feet across the globe, the firm engineer, design, and integrate complex environmental equipment systems into high-performance facilities. Once operational, urban-gro's gro-care Managed Services Platform leverages the company's expertise to reduce downtime, provide continuity, and drive facility optimization.

Executives

Lewis Wilks	director	555 SEVENTEENTH STREET, 7TH FLOOR, DENVER CO 80202
Bradley John Nattrass	director, officer: Chief Executive Officer	5115 FOXGLOVE TRAIL, BROOMFIELD CO 80023
Jason T Archer	officer: Chief Operating Officer	883 CARBONATE LANE, ERIE CO 80516
Jim Dennedy	director, officer: President and COO	5269 W. 62ND AVENUE, ARVADA CO 80003
Sonia Lo	director	1751 PANORAMA POINT, UNIT G, LAFAYETTE CO 80026
Anita D Britt	director	3000 NW 107TH AVENUE, MIAMI FL 33172
David Hsu	director	1751 PANORAMA POINT, SUITE G, LAFAYETTE CO 80026
James Robert Lowe	director	5132 QUITMAN STREET, DENVER CO 80212
Richard Alan Akright	officer: Interim CFO	6549 S. BLACKHAWK WAY, AURORA CO 80016
Lance Galey	director	3940 CHIPPEWA DR, BOULDER CO 80303
James H. Dennedy	director	61 ROYAL BIRKDALE, SPRINGBORO OH 45066
George R Pullar	director	1750 PANORAMA POINT, UNIT 6, LAYFETTE CO 80026
Gutierrez Arias De La Parra Octavio	director, officer: Secretary	2537 PROSPECT COURT, BROOMFIELD CO 80023