ParcelPal Logistics (ParcelPal Logistics) Interest Expense : $-0.14 Mil (TTM As of Sep. 2023)

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What is ParcelPal Logistics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ParcelPal Logistics's interest expense for the three months ended in Sep. 2023 was $ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.14 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. ParcelPal Logistics's Operating Income for the three months ended in Sep. 2023 was $ -0.41 Mil. ParcelPal Logistics's Interest Expense for the three months ended in Sep. 2023 was $ -0.04 Mil. ParcelPal Logistics 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.

ParcelPal Logistics Interest Expense Historical Data

The historical data trend for ParcelPal Logistics'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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ParcelPal Logistics Interest Expense Chart

ParcelPal Logistics Annual Data

Trend

Sep13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.04

-0.02

-0.25

-0.59

-0.36

ParcelPal Logistics Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.07	-0.07	-0.06	-0.04	-0.04

ParcelPal Logistics 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 $-0.14 Mil.

ParcelPal Logistics (OTCPK:PTNYF) 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.

ParcelPal Logistics's Interest Expense for the three months ended in Sep. 2023 was $-0.04 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.41 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.00 Mil.

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

ParcelPal Logistics did not have earnings to cover the interest expense.

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

ParcelPal Logistics (ParcelPal Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ParcelPal Logistics Inc (OTCPK:PTNYF) » Definitions » Interest Expense

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PT0A:Germany PKG:Canada

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.parcelpal.com

ParcelPal Logistics Inc is a Canadian-based company that specializes in last-mile delivery service and logistics solutions, providing businesses with a smart, reliable, and affordable delivery service powered by the company's licensed technology platform. It is a customer-driven, courier and logistics company connecting people and businesses through its network of couriers in major Canadian cities including Vancouver, Calgary, and Toronto, and now in the western region of the United States. Some of its verticals include pharmacy & health, meal kit deliveries, retail, groceries, and more.