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Greenway Greenhouse Cannabis (XCNQ:GWAY) Interest Expense : C$-1.02 Mil (TTM As of Sep. 2024)


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What is Greenway Greenhouse Cannabis Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Greenway Greenhouse Cannabis's interest expense for the three months ended in Sep. 2024 was C$ -0.27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was C$-1.02 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. Greenway Greenhouse Cannabis's Operating Income for the three months ended in Sep. 2024 was C$ -0.77 Mil. Greenway Greenhouse Cannabis's Interest Expense for the three months ended in Sep. 2024 was C$ -0.27 Mil. Greenway Greenhouse Cannabis 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.

Greenway Greenhouse Cannabis Interest Expense Historical Data

The historical data trend for Greenway Greenhouse Cannabis'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.

Greenway Greenhouse Cannabis Interest Expense Chart

Greenway Greenhouse Cannabis Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Interest Expense
-0.24 -0.85 -0.88 -0.84

Greenway Greenhouse Cannabis Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -0.19 -0.27 -0.20 -0.27 -0.27

Greenway Greenhouse Cannabis 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.02 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.

Greenway Greenhouse Cannabis  (XCNQ:GWAY) 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.

Greenway Greenhouse Cannabis's Interest Expense for the three months ended in Sep. 2024 was C$-0.27 Mil. Its Operating Income for the three months ended in Sep. 2024 was C$-0.77 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was C$15.52 Mil.

Greenway Greenhouse Cannabis's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Greenway Greenhouse Cannabis 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.

Greenway Greenhouse Cannabis Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenway Greenhouse Cannabis Corp (XCNQ:GWAY) » Definitions » Interest Expense
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Traded in Other Exchanges
GWAYF:USA
Address
1478 Seacliff Drive, Kingsville, ON, CAN, N9Y 2M2
Website
https://www.greenway.ca
Greenway Greenhouse Cannabis Corp is licensed to cultivate, process and sell to ensures harvests always consist of the highest quality cannabis strains with resinous flowers, trichomes, and rich cannabinoid profiles. The Company's nursery facility is located in Kingsville, Ontario, and its flowering and processing facility is located in Leamington, Ontario. The business model is to supply bulk packaged, high quality cannabis to the Canadian, cannabis industry at prices that ultimately provide a value proposition to the consumers. Greenway has three divisions with various locations; Greenway Nursery, Greenway Cultivation and future plans for Greenway Farmgate Retail Store.
Executives
Darren Joseph Peddle Director

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