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Genesis AI (XCNQ:AIG) Interest Expense : C$-0.01 Mil (TTM As of Dec. 2023)


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What is Genesis AI Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Genesis AI'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$-0.01 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. Genesis AI's Operating Income for the three months ended in Dec. 2023 was C$ -1.07 Mil. Genesis AI's Interest Expense for the three months ended in Dec. 2023 was C$ -0.00 Mil. Genesis AI 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.


Genesis AI Interest Expense Historical Data

The historical data trend for Genesis AI'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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Genesis AI Interest Expense Chart

Genesis AI Annual Data
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Interest Expense
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Genesis AI Quarterly Data
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Genesis AI 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$-0.01 Mil.

* 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.


Genesis AI  (XCNQ:AIG) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Genesis AI's Interest Expense for the three months ended in Dec. 2023 was C$-0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-1.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

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

Genesis AI did not have earnings to cover the interest expense.

* 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.

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


Genesis AI (XCNQ:AIG) Business Description

Traded in Other Exchanges
Address
1620 Dickson Avenue, Suite 750, Kelowna, BC, CAN, V1Y 9Y2
Genesis AI Corp Formerly Gallagher Security Corp is a cybersecurity specialist company. It specializes in creating solutions to provide key organizational stakeholders with accurate and timely business intelligence to increase security posture and reduce risk. Further, it holds a military grade, cybersecurity platform for small-to-medium-sized businesses, comprising blockchain event validation, cyber tagging, incident response, and rapid restoration.
Executives
Jeremy Wiebe Director