VGFCQ (The Very Good Food Co) Interest Expense: $-3.58 Mil (TTM As of Sep. 2022)


VGFCQ The Very Good Food Co Inc VGFCQ
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What is The Very Good Food Co Interest Expense?

The Very Good Food Co VGFCQ -99.98% 12 Interest Expense is $-3.58 Mil as of Sep. 2022. GuruFocus rates VGFCQ with a GF Score™ of 12/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Very Good Food Co's interest expense for the three months ended in Sep. 2022 was $ -0.68 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was $-3.58 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. The Very Good Food Co's Operating Income for the three months ended in Sep. 2022 was $ -5.16 Mil. The Very Good Food Co's Interest Expense for the three months ended in Sep. 2022 was $ -0.68 Mil. The Very Good Food Co 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.

The Very Good Food Co  (OTCPK:VGFCQ) 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.

The Very Good Food Co's Interest Expense for the three months ended in Sep. 2022 was $-0.68 Mil. Its Operating Income for the three months ended in Sep. 2022 was $-5.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was $9.54 Mil.

The Very Good Food Co's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

The Very Good Food Co 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.

The Very Good Food Co Interest Expense Historical Data

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The historical data trend for The Very Good Food Co'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.

The Very Good Food Co Interest Expense Chart

The Very Good Food Co Annual Data
Trend Dec19 Dec20 Dec21
Interest Expense
-0.13 -0.40 -2.36

The Very Good Food Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 -0.86 -0.91 -1.03 -0.97 -0.68
VGFCQ
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The Very Good Food Co Inc VGFCQ
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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The Very Good Food Co 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.58 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-3.58 Mil mean?
The Very Good Food Co (VGFCQ) has a Interest Expense of $-3.58 Mil as of Sep. 2022. Interest Expense is the amount a company pays on its long-term debt. View historical data on The Very Good Food Co and its competitors.
Is The Very Good Food Co's Interest Expense too high?
The Very Good Food Co's current Interest Expense is $-3.58 Mil. Overall, The Very Good Food Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Very Good Food Co's Interest Expense compare to KHC and GIS?
The Very Good Food Co's Interest Expense of $-3.58 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Consumer Packaged Goods company?
A good Interest Expense depends on the Consumer Packaged Goods industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on The Very Good Food Co and its competitors. The Very Good Food Co's current Interest Expense is $-3.58 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Very Good Food Co stock overvalued right now?
The Very Good Food Co (VGFCQ) has a current Interest Expense of $-3.58 Mil. The current Interest Expense is $-3.58 Mil. The Very Good Food Co's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For The Very Good Food Co (VGFCQ), the current Interest Expense is $-3.58 Mil as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Very Good Food Co Business Description

Address 2748 Rupert Street, Vancouver, BC, CAN, M4W 3P4
The Very Good Food Co Inc operates in the food industry. The company is a food technology company that designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives.
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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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