EcoSynthetix (TSX:ECO) Interest Expense : C$0.00 Mil (TTM As of Dec. 2023)

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What is EcoSynthetix Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. EcoSynthetix'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$0.00 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. EcoSynthetix's Operating Income for the three months ended in Dec. 2023 was C$ -1.93 Mil. EcoSynthetix's Interest Expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. GuruFocus does not calculate EcoSynthetix's interest coverage with the available data. 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.

EcoSynthetix Interest Expense Historical Data

The historical data trend for EcoSynthetix'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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EcoSynthetix Interest Expense Chart

EcoSynthetix Annual Data

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Interest Expense

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EcoSynthetix Quarterly Data
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EcoSynthetix 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$0.00 Mil.

EcoSynthetix (TSX:ECO) 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.

EcoSynthetix's Interest Expense for the three months ended in Dec. 2023 was C$0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-1.93 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.35 Mil.

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

GuruFocus does not calculate EcoSynthetix's interest coverage with the available data.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. EcoSynthetix Inc has enough cash to cover all of its debt. Its financial situation is stable.

EcoSynthetix (TSX:ECO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » EcoSynthetix Inc (TSX:ECO) » Definitions » Interest Expense

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ECSNF:USA

Address

3365 Mainway, Burlington, ON, CAN, L7M 1A6

Website

http://www.ecosynthetix.com

EcoSynthetix Inc is a renewable chemicals company. It is engaged in the development and commercialization of ecologically friendly bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products. The company operates in one reportable segment and generates revenue primarily from its biopolymer nanosphere technology platform. Its products include EcoSphere biolatex and DuraBindTM biopolymers. EcoSphere biolatex binders are used by manufacturers within the coated paper and paperboard industry, whereas the DuraBindTM is used in the production of wood composite panels. Geographically it has a business presence in the America, Africa (EMEA), and the Asia Pacific.