Delota (XCNQ:NIC) Interest Expense : C$-0.94 Mil (TTM As of Oct. 2023)

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What is Delota Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Delota's interest expense for the three months ended in Oct. 2023 was C$ -0.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was C$-0.94 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. Delota's Operating Income for the three months ended in Oct. 2023 was C$ -0.13 Mil. Delota's Interest Expense for the three months ended in Oct. 2023 was C$ -0.21 Mil. Delota 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.

Delota Interest Expense Historical Data

The historical data trend for Delota'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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Delota Interest Expense Chart

Delota Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Jan20

Jan21

Jan22

Jan23

Interest Expense

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-0.17

-0.19

-0.81

-0.91

Delota Quarterly Data
	Dec18	Mar19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Interest Expense	Get a 7-Day Free Trial															-0.21	-0.25	-0.22	-0.27	-0.21

Delota 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.94 Mil.

Delota (XCNQ:NIC) 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.

Delota's Interest Expense for the three months ended in Oct. 2023 was C$-0.21 Mil. Its Operating Income for the three months ended in Oct. 2023 was C$-0.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2023 was C$4.27 Mil.

Delota's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Delota did not have earnings to cover the interest expense.

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

Delota (XCNQ:NIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Delota Corp (XCNQ:NIC) » Definitions » Interest Expense

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Address

7941 Jane Street, Unit 2, Concord, ON, CAN, L4K 2M7

Website

http://www.delota.com

Delota Corp is a cannabis and nicotine retailer. The company is engaged in developing retail cannabis and nicotine brands in Canada by growing its retail footprint and developing retail banners. Delota's current retail banners include Offside Cannabis and 180 Smoke.