CHNXF (ChitogenX) Interest Expense: $-0.58 Mil (TTM As of Oct. 2024)

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What is ChitogenX Interest Expense?

ChitogenX CHNXF Interest Expense is $-0.58 Mil as of Oct. 2024.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ChitogenX's interest expense for the three months ended in Oct. 2024 was $ -0.16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2024 was $-0.58 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. ChitogenX's Operating Income for the three months ended in Oct. 2024 was $ -0.28 Mil. ChitogenX's Interest Expense for the three months ended in Oct. 2024 was $ -0.16 Mil. ChitogenX 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.

ChitogenX  (OTCPK:CHNXF) 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.

ChitogenX's Interest Expense for the three months ended in Oct. 2024 was $-0.16 Mil. Its Operating Income for the three months ended in Oct. 2024 was $-0.28 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2024 was $0.08 Mil.

ChitogenX's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

ChitogenX 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.

ChitogenX Interest Expense Historical Data

* Premium members only.

The historical data trend for ChitogenX'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.

ChitogenX Interest Expense Chart

ChitogenX Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Interest Expense
Get a 7-Day Free Trial Premium Member Only -0.27 -0.65 -0.90 -0.98 -0.63

ChitogenX Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.13 -0.14 -0.14 -0.15 -0.16

ChitogenX 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.58 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-0.58 Mil mean?
ChitogenX (CHNXF) has a Interest Expense of $-0.58 Mil as of Oct. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on ChitogenX and its competitors.
Is ChitogenX's Interest Expense too high?
ChitogenX's current Interest Expense is $-0.58 Mil.
How does ChitogenX's Interest Expense compare to SCPX and LADX?
ChitogenX's Interest Expense of $-0.58 Mil can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Biotechnology company?
A good Interest Expense depends on the Biotechnology industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on ChitogenX and its competitors. ChitogenX's current Interest Expense is $-0.58 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ChitogenX stock overvalued right now?
ChitogenX (CHNXF) has a current Interest Expense of $-0.58 Mil. The current Interest Expense is $-0.58 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For ChitogenX (CHNXF), the current Interest Expense is $-0.58 Mil as of Oct. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ChitogenX Business Description

Address 16667 Hymus Boulevard, Kirkland, Montreal, QC, CAN, H9H 4R9
ChitogenX Inc is a clinical-stage biotech company. It operates in one segment, which is the development of novel therapeutic soft tissue repair technologies.