Biome Grow (XCNQ:BIO) Interest Expense : C$-0.17 Mil (TTM As of Sep. 2023)

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What is Biome Grow Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Biome Grow's interest expense for the three months ended in Sep. 2023 was C$ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was C$-0.17 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. Biome Grow's Operating Income for the three months ended in Sep. 2023 was C$ -0.12 Mil. Biome Grow's Interest Expense for the three months ended in Sep. 2023 was C$ -0.06 Mil. Biome Grow 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.

Biome Grow Interest Expense Historical Data

The historical data trend for Biome Grow'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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Biome Grow Interest Expense Chart

Biome Grow Annual Data

Trend

Dec13

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Dec22

Interest Expense

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-0.06

-1.84

-0.45

-0.35

Biome Grow Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.10	-0.10	-0.05	-0.06	-0.06

Biome Grow 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.17 Mil.

Biome Grow (XCNQ:BIO) 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.

Biome Grow's Interest Expense for the three months ended in Sep. 2023 was C$-0.06 Mil. Its Operating Income for the three months ended in Sep. 2023 was C$-0.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was C$0.00 Mil.

Biome Grow's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Biome Grow did not have earnings to cover the interest expense.

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

Biome Grow (XCNQ:BIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Biome Grow Inc (XCNQ:BIO) » Definitions » Interest Expense

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BIOIF:USA

Address

480 University Avenue, Suite 1401, Toronto, ON, CAN, M5G 1V2

Website

https://www.biomegrow.com

Biome Grow Inc is a Canada-based company engaged in medical and recreational cannabis businesses. Along with its subsidiaries, the firm is engaged in the cultivation of marijuana plants, dried marijuana and marijuana seeds. The company through its Weed VR platform connects customers with growers and distributors as well as retail partners.

Executives

George Fredrick Smitherman

Director