Verano Holdings (Verano Holdings) Interest Expense : $-59.8 Mil (TTM As of Dec. 2023)

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What is Verano Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Verano Holdings's interest expense for the three months ended in Dec. 2023 was $ -14.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-59.8 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. Verano Holdings's Operating Income for the three months ended in Dec. 2023 was $ 31.9 Mil. Verano Holdings's Interest Expense for the three months ended in Dec. 2023 was $ -14.7 Mil. Verano Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 2.17. 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.

Verano Holdings Interest Expense Historical Data

The historical data trend for Verano 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.

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Verano Holdings Interest Expense Chart

Verano Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.01

-7.44

-24.27

-49.43

-59.79

Verano Holdings 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															-15.35	-15.91	-14.01	-15.17	-14.71

Verano 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-59.8 Mil.

Verano Holdings (OTCPK:VRNOF) 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.

Verano Holdings's Interest Expense for the three months ended in Dec. 2023 was $-14.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $31.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $481.0 Mil.

Verano Holdings'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	*	31.907	/	-14.709
	=	2.17

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

Verano Holdings (Verano Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Verano Holdings Corp (OTCPK:VRNOF) » Definitions » Interest Expense

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Traded in Other Exchanges

VRNO:Canada

Address

415 North Dearborn Street, 4th Floor, Chicago, IL, USA, 60654

Website

https://www.veranogrown.com

Verano Holdings Corp is a vertically integrated multi?state cannabis operator in the United States. The company derives its revenues from its wholesale business and its retail dispensary chains. The retail business includes the design, build-out and operation of branded dispensaries in both medical and adult-use markets. The company's consumer brands include Encore, Avexia, MÜV, Savvy, BITS and Verano. The company's retail dispensaries operate under brands including Zen Leaf and MÜV.