Tower One Wireless (XCNQ:TO) Interest Expense : C$-2.59 Mil (TTM As of Sep. 2022)

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What is Tower One Wireless Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tower One Wireless's interest expense for the three months ended in Sep. 2022 was C$ -0.84 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was C$-2.59 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. Tower One Wireless's Operating Income for the three months ended in Sep. 2022 was C$ 3.39 Mil. Tower One Wireless's Interest Expense for the three months ended in Sep. 2022 was C$ -0.84 Mil. Tower One Wireless's Interest Coverage for the quarter that ended in Sep. 2022 was 4.06. 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.

Tower One Wireless Interest Expense Historical Data

The historical data trend for Tower One Wireless'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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Tower One Wireless Interest Expense Chart

Tower One Wireless Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-0.38

-0.77

-1.91

-1.21

-2.13

Tower One Wireless Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-0.26	-0.99	-0.33	-0.44	-0.84

Tower One Wireless 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.59 Mil.

Tower One Wireless (XCNQ:TO) 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.

Tower One Wireless's Interest Expense for the three months ended in Sep. 2022 was C$-0.84 Mil. Its Operating Income for the three months ended in Sep. 2022 was C$3.39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was C$15.97 Mil.

Tower One Wireless's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2022 )	/	Interest Expense (Q: Sep. 2022 )
	=	-1	*	3.393	/	-0.836
	=	4.06

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

Tower One Wireless (XCNQ:TO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Tower One Wireless Corp (XCNQ:TO) » Definitions » Interest Expense

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Address

535 Howe Street, Suite 600, Vancouver, BC, CAN, V6C 2Z4

Website

https://www.toweronewireless.com

Tower One Wireless Corp is a Canada-based company which is a tower owner, operator, and developer of multitenant communications structures. Its primary business is the leasing of space on communications sites to mobile network operators. The company's geographical segments include Argentina; Colombia; Mexico; the United States of America and others. It derives a majority of revenue from Colombia. Tower-related services include site acquisition, zoning and permitting, structural analysis, and construction which primarily supports the company's site leasing business, including the addition of new tenants and equipment on its sites.

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