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NXT Energy Solutions (TSX:SFD) Interest Expense : C$-0.75 Mil (TTM As of Dec. 2024)


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What is NXT Energy Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NXT Energy Solutions's interest expense for the three months ended in Dec. 2024 was C$ -0.23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was C$-0.75 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. NXT Energy Solutions's Operating Income for the three months ended in Dec. 2024 was C$ -2.20 Mil. NXT Energy Solutions's Interest Expense for the three months ended in Dec. 2024 was C$ -0.23 Mil. NXT Energy Solutions 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.

NXT Energy Solutions Interest Expense Historical Data

The historical data trend for NXT Energy Solutions'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.

NXT Energy Solutions Interest Expense Chart

NXT Energy Solutions Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.04 -0.04 -0.16 -0.75

NXT Energy Solutions Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -0.08 -0.11 -0.19 -0.22 -0.23

NXT Energy Solutions 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.75 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.

NXT Energy Solutions  (TSX:SFD) 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.

NXT Energy Solutions's Interest Expense for the three months ended in Dec. 2024 was C$-0.23 Mil. Its Operating Income for the three months ended in Dec. 2024 was C$-2.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was C$6.47 Mil.

NXT Energy Solutions's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

NXT Energy Solutions 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.

NXT Energy Solutions Business Description

Industry
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NSFDF:USA
Address
3320 -17th Avenue SW, Suite 302, Calgary, AB, CAN, T3E 0B4
Website
https://www.nxtenergy.com
NXT Energy Solutions Inc is a Canadian company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential. The SFD system is used to accelerate onshore and offshore exploration over any terrain with the objective of reducing the total time, cost and risk of the exploration cycle, with no environmental footprint or community impact.
Executives
Chee Pheng Cheng 10% Security Holder
Jeffrey Tilson Director
Bruce G. Wilcox Director, Senior Officer
John Tilson Director
Eugene Darryl Woychyshyn Senior Officer