TerrAscend (TSX:TSND) Interest Expense : C$-47.3 Mil (TTM As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is TerrAscend Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TerrAscend's interest expense for the three months ended in Dec. 2023 was C$ -12.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-47.3 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. TerrAscend's Operating Income for the three months ended in Dec. 2023 was C$ 15.5 Mil. TerrAscend's Interest Expense for the three months ended in Dec. 2023 was C$ -12.2 Mil. TerrAscend's Interest Coverage for the quarter that ended in Dec. 2023 was 1.28. 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.

TerrAscend Interest Expense Historical Data

The historical data trend for TerrAscend'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.

TerrAscend Interest Expense Chart

TerrAscend Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-5.39

-9.01

-31.99

-53.06

-47.10

TerrAscend 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															-18.07	-10.78	-10.58	-13.81	-12.16

TerrAscend 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 C$-47.3 Mil.

TerrAscend (TSX:TSND) 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.

TerrAscend's Interest Expense for the three months ended in Dec. 2023 was C$-12.2 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$15.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$153.9 Mil.

TerrAscend'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	*	15.542	/	-12.162
	=	1.28

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

TerrAscend (TSX:TSND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TerrAscend Corp (TSX:TSND) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TSNDF:USA TED:Germany

Address

3610 Mavis Road, Mississauga, ON, CAN, L5C 1W2

Website

https://www.terrascend.com

TerrAscend Corp is a company focused on creating and delivering quality cannabis products and services that meet the evolving needs of patients. It also provides education and support programs to physicians and patients through healthcare professionals. It has one operating segment, being cultivation, production, and sale of cannabis products, with subsidiaries located in Canada and the United States.

Executives

Jason Wild

10% Security Holder, Director

TerrAscend (TSX:TSND) Headlines

No Headlines