E Automotive (TSX:EINC) Interest Expense : C$-1.5 Mil (TTM As of Mar. 2023)

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What is E Automotive Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. E Automotive's interest expense for the three months ended in Mar. 2023 was C$ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was C$-1.5 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. E Automotive's Operating Income for the three months ended in Mar. 2023 was C$ -12.9 Mil. E Automotive's Interest Expense for the three months ended in Mar. 2023 was C$ -0.4 Mil. E Automotive 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.

E Automotive Interest Expense Historical Data

The historical data trend for E Automotive'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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E Automotive Interest Expense Chart

E Automotive Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

-0.39

-1.57

-0.37

-4.78

-1.57

E Automotive Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial									-0.36	-0.37	-0.36	-0.41	-0.37

E Automotive 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.5 Mil.

E Automotive (TSX:EINC) 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.

E Automotive's Interest Expense for the three months ended in Mar. 2023 was C$-0.4 Mil. Its Operating Income for the three months ended in Mar. 2023 was C$-12.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was C$13.5 Mil.

E Automotive's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

E Automotive did not have earnings to cover the interest expense.

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

E Automotive (TSX:EINC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » E Automotive Inc (TSX:EINC) » Definitions » Interest Expense

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Traded in Other Exchanges

EICCF:USA

Address

10 Lower Spadina Avenue, Suite 400 and Suite 500, Toronto, ON, CAN, M5V 2Z2

Website

https://www.e.inc

E Automotive Inc is engaged in providing digital automotive dealer solutions. Its digital car auction platform focuses on providing a marketplace that enables automotive dealers to transact with each other more effectively. It operates in a single segment, which is marketplace services, inventory retailing software, and digital advertisement. Revenue is generated in the form of Auction fees, Ancillary services, Subscription fees, and Advertising. The company's geographical segments are Canada and the United States, of which the majority of its revenue comes from Canada.