TDNT (Trident Brands) Interest Expense: $-0.97 Mil (TTM As of May. 2022)


What is Trident Brands Interest Expense?

Trident Brands TDNT Interest Expense is $-0.97 Mil as of May. 2022.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trident Brands's interest expense for the three months ended in May. 2022 was $ -0.23 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2022 was $-0.97 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. Trident Brands's Operating Income for the three months ended in May. 2022 was $ -0.55 Mil. Trident Brands's Interest Expense for the three months ended in May. 2022 was $ -0.23 Mil. Trident Brands 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.

Trident Brands  (OTCPK:TDNT) 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.

Trident Brands's Interest Expense for the three months ended in May. 2022 was $-0.23 Mil. Its Operating Income for the three months ended in May. 2022 was $-0.55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2022 was $22.30 Mil.

Trident Brands's Interest Coverage for the quarter that ended in May. 2022 is calculated as

Trident Brands 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.

Trident Brands Interest Expense Historical Data

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The historical data trend for Trident Brands'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.

Trident Brands Interest Expense Chart

Trident Brands Annual Data
Trend Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.52 -2.18 -4.37 -4.30 -0.80

Trident Brands Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 -0.20 -0.20 -0.20 -0.34 -0.23

Trident Brands 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.97 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 $-0.97 Mil mean?
Trident Brands (TDNT) has a Interest Expense of $-0.97 Mil as of May. 2022. Interest Expense is the amount a company pays on its long-term debt. View historical data on Trident Brands and its competitors.
Is Trident Brands' Interest Expense too high?
Trident Brands' current Interest Expense is $-0.97 Mil.
How does Trident Brands' Interest Expense compare to SKVI and QNTA?
Trident Brands' Interest Expense of $-0.97 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Interest Expense depends on the Consumer Packaged Goods 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 Trident Brands and its competitors. Trident Brands's current Interest Expense is $-0.97 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trident Brands stock overvalued right now?
Trident Brands (TDNT) has a current Interest Expense of $-0.97 Mil. The current Interest Expense is $-0.97 Mil. 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 Trident Brands (TDNT), the current Interest Expense is $-0.97 Mil as of May. 2022. 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.

Trident Brands Business Description

Address 433 Plaza Real, Suite 275, Boca Raton, FL, USA, 33432
Trident Brands Inc is a consumer product company. It is focused on developing high growth branded and private label consumer products and ingredients within the nutritional supplement, life sciences, and food and beverage categories. It offers consumer products, including nutritional products and supplements under the Everlast and Brain Armor brands. The company's brands focus on supplements, nutritional products, and heart and brain health categories. In addition, the firm also offers various banking facilities. Geographically business activity functions through the region of the United States and derives a majority of its revenue from the sale of products.