CounterPath (TSX:PATH) Interest Expense : C$-0.40 Mil (TTM As of Oct. 2020)

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What is CounterPath Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CounterPath's interest expense for the three months ended in Oct. 2020 was C$ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2020 was C$-0.40 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. CounterPath's Operating Income for the three months ended in Oct. 2020 was C$ 0.20 Mil. CounterPath's Interest Expense for the three months ended in Oct. 2020 was C$ -0.06 Mil. CounterPath's Interest Coverage for the quarter that ended in Oct. 2020 was 3.54. 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.

CounterPath Interest Expense Historical Data

The historical data trend for CounterPath'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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CounterPath Interest Expense Chart

CounterPath Annual Data

Trend

Apr11

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Apr20

Interest Expense

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-0.14

-0.47

CounterPath Quarterly Data
	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20
Interest Expense	Get a 7-Day Free Trial															-0.11	-0.12	-0.13	-0.10	-0.06

CounterPath 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 Oct. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.40 Mil.

CounterPath (TSX:PATH) 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.

CounterPath's Interest Expense for the three months ended in Oct. 2020 was C$-0.06 Mil. Its Operating Income for the three months ended in Oct. 2020 was C$0.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2020 was C$1.39 Mil.

CounterPath's Interest Coverage for the quarter that ended in Oct. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Oct. 2020 )	/	Interest Expense (Q: Oct. 2020 )
	=	-1	*	0.202	/	-0.057
	=	3.54

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

CounterPath (TSX:PATH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CounterPath Corp (TSX:PATH) » Definitions » Interest Expense

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Address

505 Burrard Street, Suite 300, One Bentall Centre, Vancouver, BC, CAN, V7X 1M3

Website

https://www.counterpath.com

CounterPath Corp designs develop and sell software and services that enable enterprises and telecommunication service providers to deliver Unified Communications (UC) services, including voice, video, messaging, and collaboration functionality. Its activities consisted primarily of selling IP telephony software and related services to telecom service providers, enterprises, and channel partners serving the telecom and enterprise segments.