GRVE (Groove Botanicals) Interest Expense : $0.00 Mil (TTM As of Dec. 2024)

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What is Groove Botanicals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Groove Botanicals's interest expense for the three months ended in Dec. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 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. Groove Botanicals's Operating Income for the three months ended in Dec. 2024 was $ -0.03 Mil. Groove Botanicals's Interest Expense for the three months ended in Dec. 2024 was $ 0.00 Mil. Groove Botanicals 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.

Groove Botanicals Interest Expense Historical Data

The historical data trend for Groove Botanicals'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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Groove Botanicals Interest Expense Chart

Groove Botanicals Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar23

Mar24

Interest Expense

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-0.04

-0.02

-0.01

-0.10

-0.01

Groove Botanicals Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Groove Botanicals 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Groove Botanicals (OTCPK:GRVE) 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.

Groove Botanicals's Interest Expense for the three months ended in Dec. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Dec. 2024 was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $0.00 Mil.

Groove Botanicals's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Groove Botanicals had no long-term debt ⁽¹⁾.

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

Good Sign:

Groove Botanicals Inc has no debt.

Groove Botanicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Groove Botanicals Inc (OTCPK:GRVE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

310 Fourth Avenue South, Suite 7000, Minneapolis, MN, USA, 55415

Website

http://www.avalonoilinc.com

Groove Botanicals Inc is Nevada Based corporation which engage its business development and asset acquisitions. The company also plan plan to assemble a portfolio of early-stage EV Battery Technologies developed from Universities in Norway, Sweden and Finland, and seek grants from the State of Minnesota.and the company previously engaged in oil and gas Production.

Executives

Utek Corp

10 percent owner

2109 PALM AVENUE, TAMPA FL 33605

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