Trident Brands (Trident Brands) Interest Expense : $-0.97 Mil (TTM As of May. 2022)

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What is Trident Brands Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trident Brands's interest expense for the three months ended in May. 2022 was $ -0.23 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2022 was $-0.97 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. Trident Brands's Operating Income for the three months ended in May. 2022 was $ -0.55 Mil. Trident Brands's Interest Expense for the three months ended in May. 2022 was $ -0.23 Mil. Trident Brands 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.

Trident Brands Interest Expense Historical Data

The historical data trend for Trident Brands'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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Trident Brands Interest Expense Chart

Trident Brands Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Interest Expense

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-1.52

-2.18

-4.37

-4.30

-0.80

Trident Brands Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Interest Expense	Get a 7-Day Free Trial															-0.20	-0.20	-0.20	-0.34	-0.23

Trident Brands 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 May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.97 Mil.

Trident Brands (OTCPK:TDNT) 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.

Trident Brands's Interest Expense for the three months ended in May. 2022 was $-0.23 Mil. Its Operating Income for the three months ended in May. 2022 was $-0.55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2022 was $22.30 Mil.

Trident Brands's Interest Coverage for the quarter that ended in May. 2022 is calculated as

Trident Brands did not have earnings to cover the interest expense.

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

Trident Brands (Trident Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Trident Brands Inc (OTCPK:TDNT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

433 Plaza Real, Suite 275, Boca Raton, FL, USA, 33432

Website

http://www.tridentbrands.com

Trident Brands Inc is a consumer product company. It is focused on the development of high growth branded and private label consumer products and ingredients within the nutritional supplement, life sciences and food and beverage categories. It offers consumer products, including nutritional products and supplements under the Everlast and Brain Armor brands. The company's brands are focused on supplements and nutritional product, and heart and brain health categories. In addition, the firm also offers various banking facilities. Geographically business activity is functioned through the region of the US and derives most of the revenue from the sale of products.

Executives

Michael Jordan Friedman	director, officer: CEO, President	280 MADISON AVENUE, SUITE 1005, NEW YORK NY 10016
Richard D. Russell	director	3201 W BAY VISTA AVE, TAMPA FL 33611
Mark R Holcombe	director, 10 percent owner, officer: Chairman of the Board of Dir.	CAVES VILLAGE, WEST BAY STREET, NASSAU, NEW PROVIDENCE C5 CB-12043
Peter Salvo	officer: Controller	19 COPPERHILL COURT, HAMILTON A6 L9C 0C2
Fengate Trident Lp	10 percent owner	2275 UPPER MIDDLE ROAD EAST, SUITE 700, OAKVILLE A6 L6H 0C3
Fengate Trident Gp Inc.	10 percent owner	2275 UPPER MIDDLE ROAD EAST, SUITE 700, OAKVILLE A6 L6H 0C3
Fengate Capital Management Ltd.	10 percent owner	2275 UPPER MIDDLE ROAD EAST, SUITE 700, OAKVILLE A6 L6H 0C3
Anthony Pallante	10 percent owner	16-1375 SOUTHDOWN RD, STE 250, MISSISSAUGA A6 L5J 2Z1
St Paul Capital Ltd	10 percent owner	COLUMBUS CENTRE, PO BOX 2283, ROAD TOWN, TORTOLA D8 00000
Donald Macphee	director, other: Chaiman of the Audit Committee	2417 - 9 OLD CARRIAGE ROAD, MISSISSAUGA A6 L5C 1Y6
Lpf (mctech) Investment Corp.	10 percent owner	1315 NORTH SERVICE RD. EAST, 6TH FLOOR, OAKVILLE A6 L6H 1A7
Scott Chapman	director	14 GARDEN RD., MONTREAL WEST A8 H4X 1B4
Michael Browne	officer: President, CFO, Treasurer, Sec	4635 SOMERSET CT, BROOKFIELD WI 53045