Grapefruit USA (Grapefruit USA) Interest Expense : $-0.26 Mil (TTM As of Sep. 2023)

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What is Grapefruit USA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grapefruit USA's interest expense for the three months ended in Sep. 2023 was $ -0.26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.26 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. Grapefruit USA's Operating Income for the three months ended in Sep. 2023 was $ -0.16 Mil. Grapefruit USA's Interest Expense for the three months ended in Sep. 2023 was $ -0.26 Mil. Grapefruit USA 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.

Grapefruit USA Interest Expense Historical Data

The historical data trend for Grapefruit USA'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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Grapefruit USA Interest Expense Chart

Grapefruit USA Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-1.17

-0.68

-0.57

-2.10

-1.69

Grapefruit USA Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.43	-0.30	-0.48	-0.37	-0.26

Grapefruit USA 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 $-0.26 Mil.

Grapefruit USA (OTCPK:GPFT) 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.

Grapefruit USA's Interest Expense for the three months ended in Sep. 2023 was $-0.26 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.00 Mil.

Grapefruit USA's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Grapefruit USA did not have earnings to cover the interest expense.

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

Grapefruit USA (Grapefruit USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Grapefruit USA Inc (OTCPK:GPFT) » Definitions » Interest Expense

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Address

10866 Wilshire Boulevard, Suite 225, Los Angeles, CA, USA, 90024

Website

https://grapefruitblvd.com

Grapefruit USA Inc manufactures and distributes cannabis-based products. Its extraction lab produces high-quality distillate or Honey Oil from trim that Grapefruit sources through its Distribution arm. The company is a premier licensed Distributor of all things cannabis throughout the State of California. It serves licensed Medicinal and Recreational Dispensaries. Its patented product is Hourglass Cream. Grapefruit owns and operates a California-licensed cannabis extraction laboratory and wholesale distribution facility in the Coachillin' Canna-Business Park near Palm Springs, California.

Executives

Bradley J Yourist	director, 10 percent owner, officer: Chairman and CEO	10866 WILSHIRE BLVD, #225, LOS ANGELES CA 90024
Daniel J. Yourist	director, 10 percent owner, officer: Board of Directors and COO	10866 WILSHIRE BLVD, SUITE 225, LOS ANGELES CA 90024
Dane Medley	director, officer: CEO/Chairman	10553 CAMARILLO STREET, TOLUCA LAKE CA 91602
Emilio Xavier Aguilera	director, officer: Chief Financial Officer	16827 HALSEY STREET, GRANADA HILLS CA 91344
Dean Janes	officer: CHIEF EXECUTIVE OFFICER	3200 W. VALHALLA DRIVE, BURBANK CA 91505
Christopher Sohn	director, officer: President and COO	3200 W. VALHALLA DRIVE, BURBANK CA 91505
Xavier Aguilera	director, officer: CFO/Treasurer,Exec.V.P.& Secy	3200 W. VALHALLA DRIVE, BURBANK CA 91505
Michele Janes	officer: Vice President of Admin.	3200 W. VALHALLA DRIVE, BURBANK CA 91505