AVAI (Avant Technologies) Interest Expense : $0.00 Mil (TTM As of Sep. 2024)

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What is Avant Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avant Technologies's interest expense for the three months ended in Sep. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 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. Avant Technologies's Operating Income for the three months ended in Sep. 2024 was $ -0.62 Mil. Avant Technologies's Interest Expense for the three months ended in Sep. 2024 was $ 0.00 Mil. Avant Technologies 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.

Avant Technologies Interest Expense Historical Data

The historical data trend for Avant Technologies'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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Avant Technologies Interest Expense Chart

Avant Technologies Annual Data

Trend

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Interest Expense

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Avant Technologies Quarterly Data
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Avant Technologies 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Avant Technologies (OTCPK:AVAI) 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.

Avant Technologies's Interest Expense for the three months ended in Sep. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.00 Mil.

Avant Technologies's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Avant Technologies had no long-term debt ⁽¹⁾.

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

Avant Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Avant Technologies Inc (OTCPK:AVAI) » Definitions » Interest Expense

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Address

C/o Eastbiz.com, Inc, 5348 Vegas Drive, Las Vegas, NV, USA, 89108

Website

https://www.avanttechnologies.com

Avant Technologies Inc is a technology company specializing in acquiring, creating, and developing inventive and advanced technologies utilizing artificial intelligence (AI) as well as providing a host of information technology consulting services. It develops a platform for users who cook at home and want to sell their food on the Internet and home-cooked food lovers. The Company derives its revenue from direct sales to individuals and business companies. It also provides news applications with feeds from various sources that users can choose and customize. Through its subsidiary, it also provides Information Technology (IT) services.