NVOS (Novo Integrated Sciences) Interest Expense: $-6.05 Mil (TTM As of May. 2024)


NVOS Novo Integrated Sciences Inc NVOS
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What is Novo Integrated Sciences Interest Expense?

Novo Integrated Sciences NVOS 12 Interest Expense is $-6.05 Mil as of May. 2024. GuruFocus rates NVOS with a GF Score™ of 12/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Novo Integrated Sciences's interest expense for the three months ended in May. 2024 was $ -3.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2024 was $-6.05 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. Novo Integrated Sciences's Operating Income for the three months ended in May. 2024 was $ -2.52 Mil. Novo Integrated Sciences's Interest Expense for the three months ended in May. 2024 was $ -3.08 Mil. Novo Integrated 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.

Novo Integrated Sciences  (OTCPK:NVOS) 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.

Novo Integrated Sciences's Interest Expense for the three months ended in May. 2024 was $-3.08 Mil. Its Operating Income for the three months ended in May. 2024 was $-2.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2024 was $1.60 Mil.

Novo Integrated Sciences's Interest Coverage for the quarter that ended in May. 2024 is calculated as

Novo Integrated Sciences 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.

Novo Integrated Sciences Interest Expense Historical Data

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The historical data trend for Novo Integrated 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.

Novo Integrated Sciences Interest Expense Chart

Novo Integrated Sciences Annual Data
Trend Dec14 Dec15 Dec16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.22 -0.16 -0.17 -7.57 -5.12

Novo Integrated Sciences Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 -0.17 -0.49 -1.22 -1.25 -3.08
NVOS
12GF Score
Novo Integrated Sciences Inc NVOS
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Novo Integrated 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 May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.05 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 $-6.05 Mil mean?
Novo Integrated Sciences (NVOS) has a Interest Expense of $-6.05 Mil as of May. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Novo Integrated Sciences and its competitors.
Is Novo Integrated Sciences' Interest Expense too high?
Novo Integrated Sciences' current Interest Expense is $-6.05 Mil. Overall, Novo Integrated Sciences has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Novo Integrated Sciences' Interest Expense compare to BACK and NHLG?
Novo Integrated Sciences' Interest Expense of $-6.05 Mil can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Interest Expense depends on the Healthcare Providers & Services 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 Novo Integrated Sciences and its competitors. Novo Integrated Sciences's current Interest Expense is $-6.05 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novo Integrated Sciences stock overvalued right now?
Novo Integrated Sciences (NVOS) has a current Interest Expense of $-6.05 Mil. The current Interest Expense is $-6.05 Mil. Novo Integrated Sciences' overall GF Score™ is 12/100. 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 Novo Integrated Sciences (NVOS), the current Interest Expense is $-6.05 Mil as of May. 2024. 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.

Novo Integrated Sciences Business Description

Address 11120 NE 2nd Street, Suite 100, Bellevue, WA, USA, 98004
Novo Integrated Sciences Inc is a medical care company. It provides specialized physiotherapy, chiropractic care, occupational therapy, eldercare, laser therapeutics, massage therapy, acupuncture, neurological functions, kinesiology, and others. It has two reportable segments: healthcare services and product sales. Healthcare services generate the majority of revenue.
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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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