Affinor Growers (XCNQ:AFI) Interest Expense : C$-0.02 Mil (TTM As of Feb. 2024)

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What is Affinor Growers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Affinor Growers's interest expense for the three months ended in Feb. 2024 was C$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-0.02 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. Affinor Growers's Operating Income for the three months ended in Feb. 2024 was C$ -0.27 Mil. Affinor Growers's Interest Expense for the three months ended in Feb. 2024 was C$ -0.00 Mil. Affinor Growers 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.

Affinor Growers Interest Expense Historical Data

The historical data trend for Affinor Growers'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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Affinor Growers Interest Expense Chart

Affinor Growers Annual Data

Trend

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Interest Expense

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-0.10

-0.09

-0.01

Affinor Growers Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Affinor Growers 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.02 Mil.

Affinor Growers (XCNQ:AFI) 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.

Affinor Growers's Interest Expense for the three months ended in Feb. 2024 was C$-0.00 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-0.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.59 Mil.

Affinor Growers's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Affinor Growers did not have earnings to cover the interest expense.

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

Affinor Growers (XCNQ:AFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Affinor Growers Inc (XCNQ:AFI) » Definitions » Interest Expense

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RSSFF:USA 1AF0:Germany

Address

250-750 West Pender Street, Vancouver, BC, CAN, V6C 2T7

Website

https://www.affinorgrowers.com

Affinor Growers Inc is a farming technology company engaged in acquiring, patenting, and commercializing various agriculture technologies and vertical farming technology for the indoor controlled environment and outdoor greenhouse agriculture industry in North America. It produces strawberries and other crops, such as romaine lettuce and herbs using vertical farming technology. The company principally operates in North America. The Company's revenue model includes entering into licensing agreements that provide licensing revenue as well as earnings on sales of its equipment and sale of produce from its production facilities.

Executives

Karim Mohamedani

10% Security Holder

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