AXXA (Exxe Group) Interest Expense : $ Mil (TTM As of Mar. 2024)

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What is Exxe Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Exxe Group's interest expense for the six months ended in Mar. 2024 was $ -0.14 Mil. Exxe Group does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2024.

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. Exxe Group's Operating Income for the six months ended in Mar. 2024 was $ 22.15 Mil. Exxe Group's Interest Expense for the six months ended in Mar. 2024 was $ -0.14 Mil. Exxe Group's Interest Coverage for the quarter that ended in Mar. 2024 was 162.90. 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.

Exxe Group Interest Expense Historical Data

The historical data trend for Exxe Group'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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Exxe Group Interest Expense Chart

Exxe Group Annual Data

Trend

Mar23

Mar24

Interest Expense

-0.97

-0.14

Exxe Group Semi-Annual Data
	Mar23	Mar24
Interest Expense	-0.97	-0.14

Exxe Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Exxe Group (OTCPK:AXXA) 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.

Exxe Group's Interest Expense for the six months ended in Mar. 2024 was $-0.14 Mil. Its Operating Income for the six months ended in Mar. 2024 was $22.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was $22.96 Mil.

Exxe Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	22.154	/	-0.136
	=	162.90

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

Exxe Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Exxe Group Inc (OTCPK:AXXA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1345 Avenue of The Americas, 2nd Floor, New York, NY, USA, 10105

Website

https://www.exxegroup.com

Exxe Group Inc is a diversified corporation based in the United States which is a fintech company with assets in private equity, real estate, architectural design, agricultural, automotive, medical, media, and trading technology. The company acquires controlling equity interests in undervalued assets, taking an active role by providing both capital and structured financing, and operational management expertise.