The Planting Hope Co (TSXV:MYLK) Interest Expense : C$-0.90 Mil (TTM As of Sep. 2023)

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What is The Planting Hope Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Planting Hope Co's interest expense for the three months ended in Sep. 2023 was C$ -0.45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was C$-0.90 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. The Planting Hope Co's Operating Income for the three months ended in Sep. 2023 was C$ -3.22 Mil. The Planting Hope Co's Interest Expense for the three months ended in Sep. 2023 was C$ -0.45 Mil. The Planting Hope Co 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.

The Planting Hope Co Interest Expense Historical Data

The historical data trend for The Planting Hope Co'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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The Planting Hope Co Interest Expense Chart

The Planting Hope Co Annual Data

Trend

Dec21

Dec22

Interest Expense

-0.71

-2.07

The Planting Hope Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial					-0.49	-0.60	-0.45	-	-0.45

The Planting Hope Co 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.90 Mil.

The Planting Hope Co (TSXV:MYLK) 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.

The Planting Hope Co's Interest Expense for the three months ended in Sep. 2023 was C$-0.45 Mil. Its Operating Income for the three months ended in Sep. 2023 was C$-3.22 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was C$5.88 Mil.

The Planting Hope Co's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

The Planting Hope Co did not have earnings to cover the interest expense.

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

The Planting Hope Co (TSXV:MYLK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Planting Hope Co Inc (TSXV:MYLK) » Definitions » Interest Expense

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Traded in Other Exchanges

MYLKF:USA J94:Germany

Address

725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.plantinghopecompany.com

The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.

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