Triterras (Triterras) Interest Expense : $-0.89 Mil (TTM As of Aug. 2022)

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What is Triterras Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Triterras's interest expense for the six months ended in Aug. 2022 was $ -0.53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2022 was $-0.89 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. Triterras's Operating Income for the six months ended in Aug. 2022 was $ -6.08 Mil. Triterras's Interest Expense for the six months ended in Aug. 2022 was $ -0.53 Mil. Triterras 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.

Triterras Interest Expense Historical Data

The historical data trend for Triterras'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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Triterras Interest Expense Chart

Triterras Annual Data

Trend

Feb19

Feb20

Feb21

Feb22

Interest Expense

-0.08

-0.42

Triterras Semi-Annual Data
	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22
Interest Expense	Get a 7-Day Free Trial			-0.07	-0.01	-0.06	-0.36	-0.53

Triterras 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.89 Mil.

Triterras (OTCPK:TRIRF) 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.

Triterras's Interest Expense for the six months ended in Aug. 2022 was $-0.53 Mil. Its Operating Income for the six months ended in Aug. 2022 was $-6.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2022 was $1.18 Mil.

Triterras's Interest Coverage for the quarter that ended in Aug. 2022 is calculated as

Triterras did not have earnings to cover the interest expense.

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

Triterras (Triterras) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Triterras Inc (OTCPK:TRIRF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23-04 Republic Plaza, 9 Raffles Place, Singapore, SGP, 048619

Website

https://www.triterras.com

Triterras Inc is a fintech company. The company is focused on trade and trade finance. Its technology platform facilitates commodities trading that connects and enables commodity traders to trade and source capital from lenders directly online. Also, the company focuses on credit insurance and logistics solutions for small and medium-sized enterprises using innovative blockchain-enabled technology.