Canaf Investments (TSXV:CAF) Interest Expense : C$-0.01 Mil (TTM As of Jan. 2024)

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What is Canaf Investments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canaf Investments's interest expense for the three months ended in Jan. 2024 was C$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$-0.01 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. Canaf Investments's Operating Income for the three months ended in Jan. 2024 was C$ 0.48 Mil. Canaf Investments's Interest Expense for the three months ended in Jan. 2024 was C$ -0.00 Mil. Canaf Investments's Interest Coverage for the quarter that ended in Jan. 2024 was 160.33. 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.

Canaf Investments Interest Expense Historical Data

The historical data trend for Canaf Investments'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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Canaf Investments Interest Expense Chart

Canaf Investments Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Interest Expense

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-0.03

-0.02

-0.01

-0.04

-0.01

Canaf Investments Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Canaf Investments 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.01 Mil.

Canaf Investments (TSXV:CAF) 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.

Canaf Investments's Interest Expense for the three months ended in Jan. 2024 was C$-0.00 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$0.48 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$0.02 Mil.

Canaf Investments's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	0.481	/	-0.003
	=	160.33

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Canaf Investments Inc has enough cash to cover all of its debt. Its financial situation is stable.

Canaf Investments (TSXV:CAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Canaf Investments Inc (TSXV:CAF) » Definitions » Interest Expense

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CAFZF:USA

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.canafinvestments.com

Canaf Investments Inc is a Canadian company that owns and operates a coal processing plant in South Africa that processes coal and coal products into calcine, a coke substitute with high carbon content. The company, through its subsidiaries, produces calcined anthracite used in the manufacturing process of steel and manganese. The company operates in two reportable segments are Canada and South Africa, out of which the majority of revenue comes from South Africa.

Executives

Monita Faris

Director