Sixth Wave Innovations (Sixth Wave Innovations) Interest Expense : $-0.48 Mil (TTM As of May. 2023)

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What is Sixth Wave Innovations Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sixth Wave Innovations's interest expense for the three months ended in May. 2023 was $ -0.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2023 was $-0.48 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. Sixth Wave Innovations's Operating Income for the three months ended in May. 2023 was $ -0.63 Mil. Sixth Wave Innovations's Interest Expense for the three months ended in May. 2023 was $ -0.13 Mil. Sixth Wave Innovations 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.

Sixth Wave Innovations Interest Expense Historical Data

The historical data trend for Sixth Wave Innovations'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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Sixth Wave Innovations Interest Expense Chart

Sixth Wave Innovations Annual Data

Trend

Aug13

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Aug15

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Aug18

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Aug20

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Aug22

Interest Expense

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-0.17

-0.46

-0.42

Sixth Wave Innovations Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Interest Expense	Get a 7-Day Free Trial															-0.11	-0.11	-0.13	-0.11	-0.13

Sixth Wave Innovations 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 May. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.48 Mil.

Sixth Wave Innovations (OTCPK:SIXWF) 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.

Sixth Wave Innovations's Interest Expense for the three months ended in May. 2023 was $-0.13 Mil. Its Operating Income for the three months ended in May. 2023 was $-0.63 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2023 was $0.23 Mil.

Sixth Wave Innovations's Interest Coverage for the quarter that ended in May. 2023 is calculated as

Sixth Wave Innovations did not have earnings to cover the interest expense.

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

Sixth Wave Innovations (Sixth Wave Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sixth Wave Innovations Inc (OTCPK:SIXWF) » Definitions » Interest Expense

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AHU:Germany SIXW:Canada

Address

210 Waterfront Drive Bedford, Suite 110, Nova Scotia, BC, CAN, B4A 0H3

Website

https://www.sixthwave.com

Sixth Wave Innovations Inc is a nanotechnology company that uses patented Molecularly Imprinted Polymers (MIPs) for imprinting, capturing, and releasing substances at the molecular level. Its current products are in the process of commercialization in gold mining, cannabis production and health and security with rapid virus detection.

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