Radient Technologies (Radient Technologies) Interest Expense : $-1.43 Mil (TTM As of Dec. 2022)

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What is Radient Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Radient Technologies's interest expense for the three months ended in Dec. 2022 was $ -0.43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was $-1.43 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. Radient Technologies's Operating Income for the three months ended in Dec. 2022 was $ -0.23 Mil. Radient Technologies's Interest Expense for the three months ended in Dec. 2022 was $ -0.43 Mil. Radient Technologies 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.

Radient Technologies Interest Expense Historical Data

The historical data trend for Radient Technologies'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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Radient Technologies Interest Expense Chart

Radient Technologies Annual Data

Trend

Dec13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Interest Expense

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-0.15

-0.33

-0.60

-2.07

-1.53

Radient Technologies Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Expense	Get a 7-Day Free Trial															-0.36	-0.37	-0.32	-0.31	-0.43

Radient Technologies 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.43 Mil.

Radient Technologies (OTCPK:RDDTF) 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.

Radient Technologies's Interest Expense for the three months ended in Dec. 2022 was $-0.43 Mil. Its Operating Income for the three months ended in Dec. 2022 was $-0.23 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2022 was $0.51 Mil.

Radient Technologies's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Radient Technologies did not have earnings to cover the interest expense.

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

Radient Technologies (Radient Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Radient Technologies Inc (OTCPK:RDDTF) » Definitions » Interest Expense

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Address

4035 101 St. NW, Edmonton, AB, CAN, T6E 0A4

Website

https://www.radientinc.com

Radient Technologies Inc is a Canadian company engaged in manufacturing cannabis derivatives, formulations, and products. It has developed its extraction process, Microwave Assisted Processing (MAP), which is used for producing a consistent product at industrial-scale quantities. It provides its customers and partners with white-label extracts, formulations, and finished products that contain a broad spectrum of cannabinoid and terpene profiles. While it operates in Canada and is building an additional facility in Germany. It operates in a single segment namely the production and sale of cannabis-related retail products.