CXBS (Corix Bioscience) Interest Expense: $-0.64 Mil (TTM As of Sep. 2017)


What is Corix Bioscience Interest Expense?

Corix Bioscience CXBS -99.00% Interest Expense is $-0.64 Mil as of Sep. 2017.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corix Bioscience's interest expense for the three months ended in Sep. 2017 was $ -0.24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2017 was $-0.64 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. Corix Bioscience's Operating Income for the three months ended in Sep. 2017 was $ -0.30 Mil. Corix Bioscience's Interest Expense for the three months ended in Sep. 2017 was $ -0.24 Mil. Corix Bioscience 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.

Corix Bioscience  (OTCPK:CXBS) 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.

Corix Bioscience's Interest Expense for the three months ended in Sep. 2017 was $-0.24 Mil. Its Operating Income for the three months ended in Sep. 2017 was $-0.30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2017 was $0.00 Mil.

Corix Bioscience's Interest Coverage for the quarter that ended in Sep. 2017 is calculated as

Corix Bioscience 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.

Corix Bioscience Interest Expense Historical Data

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The historical data trend for Corix Bioscience'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.

Corix Bioscience Interest Expense Chart

Corix Bioscience Annual Data
Trend Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Dec16
Interest Expense
Get a 7-Day Free Trial 0.00 0.00 -0.00 -0.00 -0.39

Corix Bioscience Quarterly Data
Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 0.00 -0.39 0.00 -0.02 -0.24

Corix Bioscience 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. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.64 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 $-0.64 Mil mean?
Corix Bioscience (CXBS) has a Interest Expense of $-0.64 Mil as of Sep. 2017. Interest Expense is the amount a company pays on its long-term debt. View historical data on Corix Bioscience and its competitors.
Is Corix Bioscience's Interest Expense too high?
Corix Bioscience's current Interest Expense is $-0.64 Mil.
How does Corix Bioscience's Interest Expense compare to BKIT and YBAO?
Corix Bioscience's Interest Expense of $-0.64 Mil can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Interest Expense depends on the Drug Manufacturers 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 Corix Bioscience and its competitors. Corix Bioscience's current Interest Expense is $-0.64 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corix Bioscience stock overvalued right now?
Corix Bioscience (CXBS) has a current Interest Expense of $-0.64 Mil. The current Interest Expense is $-0.64 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 Corix Bioscience (CXBS), the current Interest Expense is $-0.64 Mil as of Sep. 2017. 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.

Corix Bioscience Business Description

Address 18662 MaCaurther Boulevard, Suite 200, Irvine, CA, USA, 85085
Corix Bioscience Inc is a United States-based research and development firm of cannabidiol (CBD) products and treatments. It is engaged in the business of producing organic CBD oil used for medical applications and treatments. In addition, the group is also focused on the production of tetrahydrocannabivarin oil. The company is focused on operations in Oregon, California, and Nevada, United States.