NextGen Food Robotics (NEOE:NGRB) Interest Expense : C$-0.09 Mil (TTM As of Jan. 2024)

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What is NextGen Food Robotics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NextGen Food Robotics's interest expense for the three months ended in Jan. 2024 was C$ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$-0.09 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. NextGen Food Robotics's Operating Income for the three months ended in Jan. 2024 was C$ -0.54 Mil. NextGen Food Robotics's Interest Expense for the three months ended in Jan. 2024 was C$ -0.04 Mil. NextGen Food Robotics 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.

NextGen Food Robotics Interest Expense Historical Data

The historical data trend for NextGen Food Robotics'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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NextGen Food Robotics Interest Expense Chart

NextGen Food Robotics Annual Data

Trend

Apr22

Apr23

Interest Expense

-0.09

-0.07

NextGen Food Robotics Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial						-0.01	-0.01	-0.01	-0.03	-0.04

NextGen Food Robotics 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.09 Mil.

NextGen Food Robotics (NEOE:NGRB) 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.

NextGen Food Robotics's Interest Expense for the three months ended in Jan. 2024 was C$-0.04 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$-0.54 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$1.02 Mil.

NextGen Food Robotics's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

NextGen Food Robotics did not have earnings to cover the interest expense.

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

NextGen Food Robotics (NEOE:NGRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NextGen Food Robotics Corp (NEOE:NGRB) » Definitions » Interest Expense

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Traded in Other Exchanges

NGRBF:USA O83:Germany

Address

855 Terminal Avenue, Vancouver, BC, CAN, V6A 2M9

Website

https://www.nextgenai.ca

NextGen Food Robotics Corp is a multi-division food manufacturing operation that offers commissary and ghost kitchens, co-pack and private label contract manufacturing, and in-house production of the Company's plant-based brand. Additionally, Nextgen is developing the Lily app, which is an AI-powered food application. The Company has two operating segments: co-packing and manufacturing operations and commissary kitchen operations in Canada.

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