Neptune Wellness Solutions (TSX:NEPT) Interest Expense : C$-8.21 Mil (TTM As of Dec. 2023)

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What is Neptune Wellness Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Neptune Wellness Solutions's interest expense for the three months ended in Dec. 2023 was C$ -2.15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-8.21 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. Neptune Wellness Solutions's Operating Income for the three months ended in Dec. 2023 was C$ -23.74 Mil. Neptune Wellness Solutions's Interest Expense for the three months ended in Dec. 2023 was C$ -2.15 Mil. Neptune Wellness Solutions 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.

Neptune Wellness Solutions Interest Expense Historical Data

The historical data trend for Neptune Wellness Solutions'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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Neptune Wellness Solutions Interest Expense Chart

Neptune Wellness Solutions Annual Data

Trend

Feb13

Feb14

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Mar18

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Mar20

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Mar23

Interest Expense

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-0.46

-0.58

-1.15

-1.95

-3.01

Neptune Wellness Solutions Quarterly Data
	Mar19	Jun19	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															-1.85	0.62	-2.38	-4.30	-2.15

Neptune Wellness Solutions 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$-8.21 Mil.

Neptune Wellness Solutions (TSX:NEPT) 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.

Neptune Wellness Solutions's Interest Expense for the three months ended in Dec. 2023 was C$-2.15 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-23.74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$2.44 Mil.

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

Neptune Wellness Solutions did not have earnings to cover the interest expense.

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

Neptune Wellness Solutions (TSX:NEPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Neptune Wellness Solutions Inc (TSX:NEPT) » Definitions » Interest Expense

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Traded in Other Exchanges

NEPT:USA NTU:Germany

Address

545 Promenade du Centropolis, Suite 100, Laval, QC, CAN, H7T 0A3

Website

https://www.neptunecorp.com

Neptune Wellness Solutions Inc is a consumer-packaged goods company that aims to innovate health and wellness products. It focuses on developing a portfolio of high-quality, affordable consumer products that align with the latest market trends for natural, sustainable, plant-based and purpose-driven lifestyle brands. The company's products are available in more than 27,000 retail locations and include well-known organic food and beverage brands such as Sprout Organics, Nosh, and Nurturme, as well as nutraceuticals brands like Biodroga and Forest Remedies. With its efficient and adaptable manufacturing and supply chain infrastructure, the company can quickly respond to consumer demand, and introduce new products through retail partners and e-commerce channels.

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