Ascend Wellness Holdings (XCNQ:AAWH.U) Interest Expense : $-37.0 Mil (TTM As of Dec. 2023)

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What is Ascend Wellness Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ascend Wellness Holdings's interest expense for the three months ended in Dec. 2023 was $ -8.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-37.0 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. Ascend Wellness Holdings's Operating Income for the three months ended in Dec. 2023 was $ 0.6 Mil. Ascend Wellness Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -8.6 Mil. Ascend Wellness Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 0.07. 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.

Ascend Wellness Holdings Interest Expense Historical Data

The historical data trend for Ascend Wellness Holdings'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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Ascend Wellness Holdings Interest Expense Chart

Ascend Wellness Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-6.48

-12.99

-57.35

-30.26

-36.98

Ascend Wellness Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial												-8.73	-8.98	-10.48	-8.96	-8.57

Ascend Wellness Holdings 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-37.0 Mil.

Ascend Wellness Holdings (XCNQ:AAWH.U) 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.

Ascend Wellness Holdings's Interest Expense for the three months ended in Dec. 2023 was $-8.6 Mil. Its Operating Income for the three months ended in Dec. 2023 was $0.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $558.7 Mil.

Ascend Wellness Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.564	/	-8.565
	=	0.07

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

Ascend Wellness Holdings (XCNQ:AAWH.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ascend Wellness Holdings Inc (XCNQ:AAWH.U) » Definitions » Interest Expense

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Traded in Other Exchanges

AAWH:USA

Address

1411 Broadway, 16th Floor, New York, NY, USA, 10018

Website

https://www.awholdings.com

Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited license markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and third-party licensed cannabis retail stores. It generates maximum revenue from the retail product segment.

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