GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Above Food Ingredients Inc (NAS:ABVE) » Definitions » Interest Expense

ABVE (Above Food Ingredients) Interest Expense : $-1.65 Mil (TTM As of Jan. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Above Food Ingredients Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Above Food Ingredients's interest expense for the three months ended in Jan. 2024 was $ -1.65 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-1.65 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. Above Food Ingredients's Operating Income for the three months ended in Jan. 2024 was $ -11.44 Mil. Above Food Ingredients's Interest Expense for the three months ended in Jan. 2024 was $ -1.65 Mil. Above Food Ingredients 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.

Above Food Ingredients Interest Expense Historical Data

The historical data trend for Above Food Ingredients'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.

Above Food Ingredients Interest Expense Chart

Above Food Ingredients Annual Data
Trend Jan22 Jan23 Jan24
Interest Expense
-1.65 -4.01 -5.71

Above Food Ingredients Quarterly Data
Jan22 Jan23 Oct23 Jan24
Interest Expense - -1.37 - -1.65

Above Food Ingredients 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.65 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.

Above Food Ingredients  (NAS:ABVE) 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.

Above Food Ingredients's Interest Expense for the three months ended in Jan. 2024 was $-1.65 Mil. Its Operating Income for the three months ended in Jan. 2024 was $-11.44 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $26.86 Mil.

Above Food Ingredients's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Above Food Ingredients 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.

Above Food Ingredients Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Above Food Ingredients Inc (NAS:ABVE) » Definitions » Interest Expense
Comparable Companies
DDC NCRA HCWC INBP BOF WYGC IMG RKDA LIMX ATPC XSWX:NESN XPAR:BN KHC GIS SHSE:603288 K NSE:NESTLEIND SHSE:600887 SZSE:300999 MKC
Traded in Other Exchanges
N/A
Address
2305 Victoria Avenue, Saskatchewan, Regina, SK, CAN, S4P0S7
Website
https://www.abovefood.com
Above Food Ingredients Inc is a differentiated, regenerative ingredient company. Its products are made with real nutritious, flavorful ingredients and delivered with transparency. Its vision is to create a healthier world one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence driven genomics. The company delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food's consumer products and brands are available in grocers across Canada and the United States.