Avricore Health (Avricore Health) Interest Expense : $-0.00 Mil (TTM As of Dec. 2023)

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What is Avricore Health Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avricore Health's interest expense for the three months ended in Dec. 2023 was $ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.00 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. Avricore Health's Operating Income for the three months ended in Dec. 2023 was $ 0.05 Mil. Avricore Health's Interest Expense for the three months ended in Dec. 2023 was $ -0.00 Mil. Avricore Health's Interest Coverage for the quarter that ended in Dec. 2023 was 52.00. 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.

Avricore Health Interest Expense Historical Data

The historical data trend for Avricore Health'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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Avricore Health Interest Expense Chart

Avricore Health Annual Data

Trend

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Dec23

Interest Expense

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-0.12

-0.03

Avricore Health Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Avricore Health 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 $-0.00 Mil.

Avricore Health (OTCPK:AVCRF) 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.

Avricore Health's Interest Expense for the three months ended in Dec. 2023 was $-0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was $0.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.00 Mil.

Avricore Health'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	*	0.052	/	-0.001
	=	52.00

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

Avricore Health (Avricore Health) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Avricore Health Inc (OTCPK:AVCRF) » Definitions » Interest Expense

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8VP1:Germany AVCR:Canada

Address

1120 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.avricorehealth.com

Avricore Health Inc is a Canada based company. The company is involved in the business of health data and point-of-care technologies. The Company has only one segment, being the HealthTab - Point of Care Business in Canada. The Company's revenues are generated from operating leases of the POCT system and sale of testing panels.