Lobe Sciences (Lobe Sciences) Interest Expense : $-0.03 Mil (TTM As of Feb. 2024)

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What is Lobe Sciences Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lobe Sciences's interest expense for the three months ended in Feb. 2024 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-0.03 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. Lobe Sciences's Operating Income for the three months ended in Feb. 2024 was $ -0.43 Mil. Lobe Sciences's Interest Expense for the three months ended in Feb. 2024 was $ -0.02 Mil. Lobe Sciences 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.

Lobe Sciences Interest Expense Historical Data

The historical data trend for Lobe Sciences'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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Lobe Sciences Interest Expense Chart

Lobe Sciences Annual Data

Trend

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Interest Expense

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-0.03

Lobe Sciences Quarterly Data
	Dec18	Mar19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-0.02	-0.02

Lobe Sciences 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.03 Mil.

Lobe Sciences (OTCPK:LOBEF) 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.

Lobe Sciences's Interest Expense for the three months ended in Feb. 2024 was $-0.02 Mil. Its Operating Income for the three months ended in Feb. 2024 was $-0.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $0.00 Mil.

Lobe Sciences's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Lobe Sciences did not have earnings to cover the interest expense.

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

Lobe Sciences (Lobe Sciences) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Lobe Sciences Ltd (OTCPK:LOBEF) » Definitions » Interest Expense

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6YX0:Germany LOBE:Canada

Address

1199 West Hastings Street, Suite 1400, Vancouver, BC, CAN, V6E 3T5

Website

https://www.lobesciences.com

Lobe Sciences Ltd is a technology and services company that provides real estate, financial, management, IP, and branding support for the development of transformational medicine. It is working to develop effective psilocybin-based therapeutics for the treatment of mild traumatic brain injuries and post-traumatic stress disorder and devices for the efficient application of medications.