TrustBIX (TSXV:TBIX) Interest Expense : C$-0.12 Mil (TTM As of Mar. 2024)

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What is TrustBIX Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TrustBIX's interest expense for the three months ended in Mar. 2024 was C$ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.12 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. TrustBIX's Operating Income for the three months ended in Mar. 2024 was C$ -0.17 Mil. TrustBIX's Interest Expense for the three months ended in Mar. 2024 was C$ -0.03 Mil. TrustBIX 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.

TrustBIX Interest Expense Historical Data

The historical data trend for TrustBIX'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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TrustBIX Interest Expense Chart

TrustBIX Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.10

-0.02

-0.13

-0.12

TrustBIX Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.03	-0.03	-0.03	-0.03	-0.03

TrustBIX 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.12 Mil.

TrustBIX (TSXV:TBIX) 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.

TrustBIX's Interest Expense for the three months ended in Mar. 2024 was C$-0.03 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.57 Mil.

TrustBIX's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

TrustBIX did not have earnings to cover the interest expense.

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

TrustBIX (TSXV:TBIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TrustBIX Inc (TSXV:TBIX) » Definitions » Interest Expense

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TBIXF:USA

Address

10607 - 82 Street NW, Suite 200, 2nd Floor, Edmonton, AB, CAN, T6A 3N2

Website

https://www.trustbix.com

TrustBIX Inc goal is to create a world where we trust more, waste less and reward sustainable behaviour by addressing consumer and agri-food business demands. The company delivers independent validation of food provenance and sustainable production practices within the supply chain - Gate to Plate. It provides a suite of hardware and software solutions to the livestock industry in North America and China. The company's Insight technology offers an edge-to-enterprise supply chain solution that brings asset situational awareness to dealers, equipment fleets, and civil construction managers.

Executives

Hubert Lau

Director, Senior Officer

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