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TELIF (Telescope Innovations) Interest Expense : $-0.16 Mil (TTM As of May. 2024)


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What is Telescope Innovations Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Telescope Innovations's interest expense for the three months ended in May. 2024 was $ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2024 was $-0.16 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. Telescope Innovations's Operating Income for the three months ended in May. 2024 was $ -0.17 Mil. Telescope Innovations's Interest Expense for the three months ended in May. 2024 was $ -0.06 Mil. Telescope Innovations 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.

Telescope Innovations Interest Expense Historical Data

The historical data trend for Telescope Innovations'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.

* Premium members only.

Telescope Innovations Interest Expense Chart

Telescope Innovations Annual Data
Trend Dec19 Dec20 Aug21 Aug22 Aug23
Interest Expense
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Telescope Innovations Quarterly Data
Sep19 Dec19 Mar20 Sep20 Dec20 Mar21 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 - - -0.04 -0.06 -0.06

Telescope Innovations 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 $-0.16 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.

Telescope Innovations  (OTCPK:TELIF) 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.

Telescope Innovations's Interest Expense for the three months ended in May. 2024 was $-0.06 Mil. Its Operating Income for the three months ended in May. 2024 was $-0.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2024 was $1.41 Mil.

Telescope Innovations's Interest Coverage for the quarter that ended in May. 2024 is calculated as

Telescope Innovations 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.

Telescope Innovations Business Description

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TELI:Canada
Address
301 – 2386 East Mall, Vancouver, BC, CAN, V6T 1Z3
Website
https://www.telescopeinnovations.com
Telescope Innovations Corp is a technology company that intends to focus on development as a Contract Research Organization (CRO) to develop intellectual property, contract research, and building automation products. The Company has one operating segment that generates revenues from two revenue streams, contract research services and sale of automation products.