Integrated Cannabis Solutions (Integrated Cannabis Solutions) Interest Expense : $-0.06 Mil (TTM As of Sep. 2022)

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What is Integrated Cannabis Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Integrated Cannabis Solutions's interest expense for the three months ended in Sep. 2022 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was $-0.06 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. Integrated Cannabis Solutions's Operating Income for the three months ended in Sep. 2022 was $ -0.10 Mil. Integrated Cannabis Solutions's Interest Expense for the three months ended in Sep. 2022 was $ -0.02 Mil. Integrated Cannabis Solutions 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.

Integrated Cannabis Solutions Interest Expense Historical Data

The historical data trend for Integrated Cannabis Solutions'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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Integrated Cannabis Solutions Interest Expense Chart

Integrated Cannabis Solutions Annual Data

Trend

Dec20

Dec21

Interest Expense

-0.03

-0.05

Integrated Cannabis Solutions Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial					-0.01	-0.01	-0.01	-0.02	-0.02

Integrated Cannabis Solutions 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 $-0.06 Mil.

Integrated Cannabis Solutions (OTCPK:IGPK) 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.

Integrated Cannabis Solutions's Interest Expense for the three months ended in Sep. 2022 was $-0.02 Mil. Its Operating Income for the three months ended in Sep. 2022 was $-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was $0.00 Mil.

Integrated Cannabis Solutions's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Integrated Cannabis Solutions did not have earnings to cover the interest expense.

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

Integrated Cannabis Solutions (Integrated Cannabis Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Integrated Cannabis Solutions Inc (OTCPK:IGPK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1300 N. Florida Mango Road, Site 30, West Palm Beach, FL, USA, 33409

Website

https://www.igpk.org

Integrated Cannabis Solutions Inc is a developmental stage company actively engaged in evaluating investment opportunities for early-stage ventures at the crossroads of the rapidly growing fintech and medical/recreational marijuana industries.

Executives

Eugene Caiazzo

director, officer: CEO, President

1300 N FLORIDA MANGO RD., STE. 30, WEST PALM BEACH FL 33409