Axis Auto Finance (TSX:AXIS) Interest Expense : C$0.00 Mil (TTM As of Mar. 2024)

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What is Axis Auto Finance Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Axis Auto Finance's interest expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$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. Axis Auto Finance's Operating Income for the three months ended in Mar. 2024 was C$ -2.77 Mil. Axis Auto Finance's Interest Expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. GuruFocus does not calculate Axis Auto Finance's interest coverage with the available data. 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.

Axis Auto Finance Interest Expense Historical Data

The historical data trend for Axis Auto Finance'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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Axis Auto Finance Interest Expense Chart

Axis Auto Finance Annual Data

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Interest Expense

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Axis Auto Finance Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Axis Auto Finance 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Axis Auto Finance (TSX:AXIS) 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.

Axis Auto Finance's Interest Expense for the three months ended in Mar. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-2.77 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$18.45 Mil.

Axis Auto Finance's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

GuruFocus does not calculate Axis Auto Finance's interest coverage with the available data.

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

Axis Auto Finance (TSX:AXIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Axis Auto Finance Inc (TSX:AXIS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

165 Galaxy Boulevard, 2nd Floor, Etobicoke, ON, CAN, M9W 0C8

Website

https://www.axisautofinance.com

Axis Auto Finance Inc is a fintech company that is changing the way used vehicles are purchased and financed in Canada. The company's direct-to-consumer website, DriveAxis.ca, enables users to choose their next used vehicle, customize financing terms, and get the car delivered to homes. In addition, the company continues to grow business-to-business non-prime auto loan originations by delivering innovative technology solutions and superior service to its dealer partners.

Executives

Todd Charles Hudson

Senior Officer

Axis Auto Finance (TSX:AXIS) Headlines

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