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Adastra Holdings (XCNQ:XTRX) Interest Expense : C$-0.97 Mil (TTM As of Sep. 2024)


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What is Adastra Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Adastra Holdings's interest expense for the three months ended in Sep. 2024 was C$ -0.28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was C$-0.97 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. Adastra Holdings's Operating Income for the three months ended in Sep. 2024 was C$ 0.35 Mil. Adastra Holdings's Interest Expense for the three months ended in Sep. 2024 was C$ -0.28 Mil. Adastra Holdings's Interest Coverage for the quarter that ended in Sep. 2024 was 1.25. 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.

Adastra Holdings Interest Expense Historical Data

The historical data trend for Adastra 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.

* Premium members only.

Adastra Holdings Interest Expense Chart

Adastra Holdings Annual Data
Trend Apr19 Dec20 Dec21 Dec22 Dec23
Interest Expense
- -0.46 -0.28 -0.34 -1.04

Adastra Holdings Quarterly Data
Oct18 Oct19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 Premium Member Only Premium Member Only Premium Member Only -0.32 -0.26 -0.35 -0.34 -0.28

Adastra 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.97 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.

Adastra Holdings  (XCNQ:XTRX) 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.

Adastra Holdings's Interest Expense for the three months ended in Sep. 2024 was C$-0.28 Mil. Its Operating Income for the three months ended in Sep. 2024 was C$0.35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was C$0.13 Mil.

Adastra Holdings's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*0.345/-0.277
=1.25

* 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.

Adastra Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Adastra Holdings Ltd (XCNQ:XTRX) » Definitions » Interest Expense
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Traded in Other Exchanges
XTXXF:USA D2E0:Germany
Address
275th Street, Suite 5451, Langley, BC, CAN, V4W 3X8
Website
https://www.adastraholdings.ca
Adastra Holdings Ltd is an extraction and processing solutions company. It aims to develop and deploy large-scale cannabis and hemp extraction technologies and provide turnkey processing solutions to help licensed standard and micro-cultivators maximize the value of every harvest. The company has two operating segments comprised of manufacturing and non-manufacturing operations. The manufacturing operations include the manufacturing, sale, and distribution of cannabis-related products, and the non-manufacturing operations include PerceiveMD.
Executives
Lachlan Clyde Mcleod Senior Officer
Michael Forbes Director, Senior Officer
Donald Dinsmore Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

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