TAAT Global Alternatives (TAAT Global Alternatives) Interest Expense : $-0.45 Mil (TTM As of Jul. 2023)

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What is TAAT Global Alternatives Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TAAT Global Alternatives's interest expense for the three months ended in Jul. 2023 was $ -0.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2023 was $-0.45 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. TAAT Global Alternatives's Operating Income for the three months ended in Jul. 2023 was $ -3.50 Mil. TAAT Global Alternatives's Interest Expense for the three months ended in Jul. 2023 was $ -0.13 Mil. TAAT Global Alternatives 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.

TAAT Global Alternatives Interest Expense Historical Data

The historical data trend for TAAT Global Alternatives'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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TAAT Global Alternatives Interest Expense Chart

TAAT Global Alternatives Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Interest Expense

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-0.01

-0.02

-0.12

-0.17

TAAT Global Alternatives Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Interest Expense	Get a 7-Day Free Trial															-0.06	-0.07	-0.11	-0.14	-0.13

TAAT Global Alternatives 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 Jul. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.45 Mil.

TAAT Global Alternatives (OTCPK:TOBAF) 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.

TAAT Global Alternatives's Interest Expense for the three months ended in Jul. 2023 was $-0.13 Mil. Its Operating Income for the three months ended in Jul. 2023 was $-3.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2023 was $2.08 Mil.

TAAT Global Alternatives's Interest Coverage for the quarter that ended in Jul. 2023 is calculated as

TAAT Global Alternatives did not have earnings to cover the interest expense.

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

TAAT Global Alternatives (TAAT Global Alternatives) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » TAAT Global Alternatives Inc (OTCPK:TOBAF) » Definitions » Interest Expense

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2TP0:Germany TAAT:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C1H2

Website

https://www.taatglobal.com

TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. The company generates the majority of its revenue from the tobacco products segment.