WeCommerce Holdings (TSXV:WE) Interest Expense : C$-3.46 Mil (TTM As of Dec. 2022)

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What is WeCommerce Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. WeCommerce Holdings's interest expense for the three months ended in Dec. 2022 was C$ -1.16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was C$-3.46 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. WeCommerce Holdings's Operating Income for the three months ended in Dec. 2022 was C$ -0.73 Mil. WeCommerce Holdings's Interest Expense for the three months ended in Dec. 2022 was C$ -1.16 Mil. WeCommerce Holdings 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.

WeCommerce Holdings Interest Expense Historical Data

The historical data trend for WeCommerce Holdings'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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WeCommerce Holdings Interest Expense Chart

WeCommerce Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Expense

-0.78

-0.83

-3.05

-3.46

WeCommerce Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Expense	Get a 7-Day Free Trial									-0.64	-0.60	-0.90	-0.81	-1.16

WeCommerce Holdings 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-3.46 Mil.

WeCommerce Holdings (TSXV:WE) 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.

WeCommerce Holdings's Interest Expense for the three months ended in Dec. 2022 was C$-1.16 Mil. Its Operating Income for the three months ended in Dec. 2022 was C$-0.73 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2022 was C$42.15 Mil.

WeCommerce Holdings's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

WeCommerce Holdings did not have earnings to cover the interest expense.

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

WeCommerce Holdings (TSXV:WE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WeCommerce Holdings Ltd (TSXV:WE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

329 Howe Street, PMB 2066, Victoria, BC, CAN, V6C 3N2

Website

https://www.wecommerce.co

WeCommerce Holdings Ltd is a holding company that owns a family of companies and brands in the Shopify partner ecosystem, including Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash, Stamped and Foursixty. The company's primary focus is to build, grow and acquire businesses that serve the Shopify Partner ecosystem. These businesses consist largely of Software as a Service, Digital Goods and Services businesses. Generally, these businesses build Apps and Themes and run Agencies that support Shopify merchants. The company targets businesses within the Shopify ecosystem due to its confidence in the Shopify platform, the fragmented nature of the ecosystem and the attractive economics that the businesses generally exhibit. Its segments include Themes, Apps and Agency.

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