Numinus Wellness (Numinus Wellness) Interest Expense : $-0.52 Mil (TTM As of Feb. 2024)

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What is Numinus Wellness Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Numinus Wellness's interest expense for the three months ended in Feb. 2024 was $ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-0.52 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. Numinus Wellness's Operating Income for the three months ended in Feb. 2024 was $ -3.74 Mil. Numinus Wellness's Interest Expense for the three months ended in Feb. 2024 was $ -0.12 Mil. Numinus Wellness 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.

Numinus Wellness Interest Expense Historical Data

The historical data trend for Numinus Wellness'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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Numinus Wellness Interest Expense Chart

Numinus Wellness Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

-0.04

-0.11

-0.09

-0.43

-0.56

Numinus Wellness Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-0.14	-0.14	-0.14	-0.12	-0.12

Numinus Wellness 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 $-0.52 Mil.

Numinus Wellness (OTCPK:NMNWF) 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.

Numinus Wellness's Interest Expense for the three months ended in Feb. 2024 was $-0.12 Mil. Its Operating Income for the three months ended in Feb. 2024 was $-3.74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $3.60 Mil.

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

Numinus Wellness did not have earnings to cover the interest expense.

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

Numinus Wellness (Numinus Wellness) Business Description

Industry

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NUMIF:USA LR23:Germany NUMI:Canada

Address

801 - 33 Water Street, Vancouver, BC, CAN, V6B 1R4

Website

https://www.numinus.ca

Numinus Wellness Inc develops proprietary, psychedelic-centered, therapeutic products and services through its laboratory and research & development processes. The company's clinic network consists of Numinus Health, Mindspace Services, and the Neurology Center of Toronto. Its services include Ketamine-assisted psychotherapy for depression, neurological care, psychotherapy, and counseling by registered psychologists among others. The company's operating segments are; Clinical research operations, Canadian clinic network, US clinic network and Corporate. The majority of the revenue for the company is generated from US clinic network segment. Geographically, the company has its presence in United States and Canada.