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Kits Eyecare (TSX:KITS) Interest Expense : C$-1.6 Mil (TTM As of Dec. 2023)


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What is Kits Eyecare Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kits Eyecare's interest expense for the three months ended in Dec. 2023 was C$ -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-1.6 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. Kits Eyecare's Operating Income for the three months ended in Dec. 2023 was C$ -0.1 Mil. Kits Eyecare's Interest Expense for the three months ended in Dec. 2023 was C$ -0.8 Mil. Kits Eyecare 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.


Kits Eyecare Interest Expense Historical Data

The historical data trend for Kits Eyecare'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.

* Premium members only.

Kits Eyecare Interest Expense Chart

Kits Eyecare Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -1.86 -3.28 -1.49 -1.63 -1.56

Kits Eyecare Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.45 -0.38 -0.23 -0.12 -0.84

Kits Eyecare 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$-1.6 Mil.

* 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.


Kits Eyecare  (TSX:KITS) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Kits Eyecare's Interest Expense for the three months ended in Dec. 2023 was C$-0.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-0.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$11.7 Mil.

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

Kits Eyecare did not have earnings to cover the interest expense.

* 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.

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


Kits Eyecare (TSX:KITS) Business Description

Traded in Other Exchanges
Address
510 Seymour Street, Suite 1020, Vancouver, BC, CAN, V6B 3J5
Kits Eyecare Ltd is a vertically integrated, digitally native eyecare platform that offers its customers access to a vast selection of the highest quality contact lenses and eyeglasses, including its own exclusive KITS-designed products, and a suite of online vision tools. It operates a network of optical e-commerce websites, including KITS.com, KITS.ca, OptiContacts.com, and ContactsExpress.ca. The company's contact lens partners include Alcon, Bausch & Lomb, CooperVision, and Johnson & Johnson, and its glasses partners include Gucci, Oakley, Prive Revaux, Ray-Ban, and Tom Ford, which enables it to offer its customers first class brands and products in eye care.

Kits Eyecare (TSX:KITS) Headlines

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