TOBAF (TAAT Global Alternatives) Interest Expense: $-0.52 Mil (TTM As of Jul. 2024)


TOBAF TAAT Global Alternatives Inc TOBAF
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What is TAAT Global Alternatives Interest Expense?

TAAT Global Alternatives TOBAF 10 Interest Expense is $-0.52 Mil as of Jul. 2024. GuruFocus rates TOBAF with a GF Score™ of 10/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TAAT Global Alternatives's interest expense for the three months ended in Jul. 2024 was $ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 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. TAAT Global Alternatives's Operating Income for the three months ended in Jul. 2024 was $ -0.01 Mil. TAAT Global Alternatives's Interest Expense for the three months ended in Jul. 2024 was $ -0.12 Mil. TAAT Global Alternatives 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.

TAAT Global Alternatives  (OTCPK:TOBAF) 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.

TAAT Global Alternatives's Interest Expense for the three months ended in Jul. 2024 was $-0.12 Mil. Its Operating Income for the three months ended in Jul. 2024 was $-0.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2024 was $0.22 Mil.

TAAT Global Alternatives's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

TAAT Global Alternatives 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.

TAAT Global Alternatives Interest Expense Historical Data

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The historical data trend for TAAT Global Alternatives'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.

TAAT Global Alternatives Interest Expense Chart

TAAT Global Alternatives Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 -0.02 -0.12 -0.17 -0.54

TAAT Global Alternatives Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 -0.13 -0.17 -0.15 -0.08 -0.12
TOBAF
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TAAT Global Alternatives Inc TOBAF
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TAAT Global Alternatives 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.52 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 $-0.52 Mil mean?
TAAT Global Alternatives (TOBAF) has a Interest Expense of $-0.52 Mil as of Jul. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on TAAT Global Alternatives and its competitors.
Is TAAT Global Alternatives' Interest Expense too high?
TAAT Global Alternatives' current Interest Expense is $-0.52 Mil. Overall, TAAT Global Alternatives has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does TAAT Global Alternatives' Interest Expense compare to VPRB and XXII?
TAAT Global Alternatives' Interest Expense of $-0.52 Mil can be compared against companies in the Tobacco Products 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 Tobacco Products company?
A good Interest Expense depends on the Tobacco Products 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 TAAT Global Alternatives and its competitors. TAAT Global Alternatives's current Interest Expense is $-0.52 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAAT Global Alternatives stock overvalued right now?
TAAT Global Alternatives (TOBAF) has a current Interest Expense of $-0.52 Mil. The current Interest Expense is $-0.52 Mil. TAAT Global Alternatives' overall GF Score™ is 10/100. 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 TAAT Global Alternatives (TOBAF), the current Interest Expense is $-0.52 Mil as of Jul. 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.

TAAT Global Alternatives Business Description

Address 1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9
TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. It generates the majority of its revenue from the tobacco products segment.
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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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