X1 Entertainment Group (XCNQ:XONE) Interest Expense : C$-0.02 Mil (TTM As of Feb. 2024)

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What is X1 Entertainment Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. X1 Entertainment Group's interest expense for the three months ended in Feb. 2024 was C$ -0.01 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. X1 Entertainment Group's Operating Income for the three months ended in Feb. 2024 was C$ -0.14 Mil. X1 Entertainment Group's Interest Expense for the three months ended in Feb. 2024 was C$ -0.01 Mil. X1 Entertainment Group 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.

X1 Entertainment Group Interest Expense Historical Data

The historical data trend for X1 Entertainment Group'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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X1 Entertainment Group Interest Expense Chart

X1 Entertainment Group Annual Data

Trend

Aug22

Aug23

Interest Expense

-0.01

X1 Entertainment Group Quarterly Data
	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial						-	-	-	-0.01	-0.01

X1 Entertainment Group 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.

X1 Entertainment Group (XCNQ:XONE) 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.

X1 Entertainment Group's Interest Expense for the three months ended in Feb. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-0.14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.00 Mil.

X1 Entertainment Group's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

X1 Entertainment Group did not have earnings to cover the interest expense.

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

X1 Entertainment Group (XCNQ:XONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » X1 Entertainment Group Inc (XCNQ:XONE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

QN9:Germany

Address

615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.x1ent.com

X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.

Executives

Adam Giddens

Director, Senior Officer