ARAT (Arax Holdings) Interest Expense : $-0.00 Mil (TTM As of Jul. 2024)

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What is Arax Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arax Holdings's interest expense for the three months ended in Jul. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2024 was $-0.00 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. Arax Holdings's Operating Income for the three months ended in Jul. 2024 was $ -0.33 Mil. Arax Holdings's Interest Expense for the three months ended in Jul. 2024 was $ 0.00 Mil. Arax Holdings has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Arax Holdings Interest Expense Historical Data

The historical data trend for Arax 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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Arax Holdings Interest Expense Chart

Arax Holdings Annual Data

Trend

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Interest Expense

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-0.08

Arax Holdings Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Arax 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.00 Mil.

Arax Holdings (OTCPK:ARAT) 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.

Arax Holdings's Interest Expense for the three months ended in Jul. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Jul. 2024 was $-0.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2024 was $0.00 Mil.

Arax Holdings's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

Arax Holdings had no long-term debt ⁽¹⁾.

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

Arax Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Arax Holdings Corp (OTCPK:ARAT) » Definitions » Interest Expense

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Address

30 North Gould Street, Sheridan, WY, USA, 82801

Website

https://www.arax.cc

Arax Holdings Corp invests in TechFin and blockchain-based software solutions companies. The primary focus of Arax is to fuse decentralized solutions with financial service providers within multiple markets and communication networks to bring blockchain to everyday life.

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