Findev (TSXV:FDI) Interest Expense : C$0.00 Mil (TTM As of Dec. 2023)

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What is Findev Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Findev's interest expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$0.00 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. Findev's Operating Income for the three months ended in Dec. 2023 was C$ 0.84 Mil. Findev's Interest Expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. Findev has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Findev Interest Expense Historical Data

The historical data trend for Findev'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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Findev Interest Expense Chart

Findev Annual Data

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Interest Expense

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Findev Quarterly Data
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Findev 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Findev (TSXV:FDI) 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.

Findev's Interest Expense for the three months ended in Dec. 2023 was C$0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$0.84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

Findev's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Findev had no long-term debt ⁽¹⁾.

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

Good Sign:

Findev Inc has no debt.

Findev (TSXV:FDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Findev Inc (TSXV:FDI) » Definitions » Interest Expense

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TNSGF:USA

Address

10 Wanless Avenue, Suite 200, Toronto, ON, CAN, M4N 1V6

Website

https://www.findev.ca

Findev Inc is a real estate financing company that lends money to real estate projects that are identified as uniquely positioned to generate above-average returns in a two to three-year timeframe. It focuses on lending to residential and retail development projects within the Greater Toronto Area. It focuses on real estate projects that include condominiums, purpose-built rentals, townhouses, low-rise/subdivisions, and retail developments.

Executives

Anthony Heller

Director

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