Green Thumb Industries (XCNQ:GTII) Interest Expense : C$-26 Mil (TTM As of Dec. 2023)

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What is Green Thumb Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Green Thumb Industries's interest expense for the three months ended in Dec. 2023 was C$ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-26 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 Thumb Industries's Operating Income for the three months ended in Dec. 2023 was C$ 68 Mil. Green Thumb Industries's Interest Expense for the three months ended in Dec. 2023 was C$ -10 Mil. Green Thumb Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 6.50. 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 Thumb Industries Interest Expense Historical Data

The historical data trend for Green Thumb Industries'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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Green Thumb Industries Interest Expense Chart

Green Thumb Industries Annual Data

Trend

Feb14

Feb15

Feb16

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Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-17.99

-23.91

-28.13

-28.80

-25.59

Green Thumb Industries Quarterly Data
	Mar19	Jun19	Sep19	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															-6.91	-5.22	-3.81	-6.28	-10.40

Green Thumb Industries 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 C$-26 Mil.

Green Thumb Industries (XCNQ:GTII) 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.

Green Thumb Industries's Interest Expense for the three months ended in Dec. 2023 was C$-10 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$68 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$745 Mil.

Green Thumb Industries'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	*	67.536	/	-10.396
	=	6.50

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

Green Thumb Industries (XCNQ:GTII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Thumb Industries Inc (XCNQ:GTII) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GTBIF:USA R9U2:Germany

Address

325 West Huron Street, Suite 700, Chicago, IL, USA, 60654

Website

https://www.gtigrows.com

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 15 states and operates roughly 87 cannabis stores under the brand Rise. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to U.S. federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles and RYTHM.