Grounded People Apparel (STU:K1G) Interest Expense : €0.00 Mil (TTM As of Aug. 2024)

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What is Grounded People Apparel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grounded People Apparel's interest expense for the three months ended in Aug. 2024 was € 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 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. Grounded People Apparel's Operating Income for the three months ended in Aug. 2024 was € -0.45 Mil. Grounded People Apparel's Interest Expense for the three months ended in Aug. 2024 was € 0.00 Mil. Grounded People Apparel 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.

Grounded People Apparel Interest Expense Historical Data

The historical data trend for Grounded People Apparel'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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Grounded People Apparel Interest Expense Chart

Grounded People Apparel Annual Data

Trend

Feb23

Feb24

Interest Expense

Grounded People Apparel Quarterly Data
	Aug21	Nov21	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Interest Expense	Get a 7-Day Free Trial						-	-	-	-	-

Grounded People Apparel 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.00 Mil.

Grounded People Apparel (STU:K1G) 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.

Grounded People Apparel's Interest Expense for the three months ended in Aug. 2024 was €0.00 Mil. Its Operating Income for the three months ended in Aug. 2024 was €-0.45 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2024 was €0.00 Mil.

Grounded People Apparel's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Grounded People Apparel had no long-term debt ⁽¹⁾.

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

Good Sign:

Grounded People Apparel Inc has no debt.

Grounded People Apparel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Grounded People Apparel Inc (STU:K1G) » Definitions » Interest Expense

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Traded in Other Exchanges

SHOE:Canada

Address

800 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.groundedpeople.com

Grounded People Apparel Inc is primarily engaged in the business of fair trade, sustainable and earth-conscious fashion. The Company's initial focus is on the design and production of shoes, and more specifically, high-top and low-cut canvassed sneakers.

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