Vertiqal Studios (TSX:VRTS) Interest Expense : C$-0.74 Mil (TTM As of Sep. 2024)

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What is Vertiqal Studios Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vertiqal Studios's interest expense for the three months ended in Sep. 2024 was C$ -0.18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was C$-0.74 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. Vertiqal Studios's Operating Income for the three months ended in Sep. 2024 was C$ -0.61 Mil. Vertiqal Studios's Interest Expense for the three months ended in Sep. 2024 was C$ -0.18 Mil. Vertiqal Studios 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.

Vertiqal Studios Interest Expense Historical Data

The historical data trend for Vertiqal Studios'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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Vertiqal Studios Interest Expense Chart

Vertiqal Studios Annual Data

Trend

Nov19

Nov20

Dec21

Dec22

Dec23

Interest Expense

-0.02

-0.20

-0.10

-0.61

Vertiqal Studios Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.16	-0.16	-0.20	-0.20	-0.18

Vertiqal Studios 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.74 Mil.

Vertiqal Studios (TSX:VRTS) 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.

Vertiqal Studios's Interest Expense for the three months ended in Sep. 2024 was C$-0.18 Mil. Its Operating Income for the three months ended in Sep. 2024 was C$-0.61 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was C$0.58 Mil.

Vertiqal Studios's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Vertiqal Studios did not have earnings to cover the interest expense.

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

Vertiqal Studios Business Description

Industry

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VERTF:USA

Address

120 Carlton Street, Suite 405, Toronto, ON, CAN, M5A 4K2

Website

https://www.vertiqalstudios.com

Vertiqal Studios Corp is an owned and operated digital-channel network and video-production studio. Specializing in the creation of viral videos, Vertiqal produces and distributes 100+ videos daily across 66 owned-and-operated channels, utilizing TV economics to monetize TikTok and Instagram, and revenue-share with OTT platforms such as Snapchat. Its strategic focus is producing high-performing organic (not paid) video across its channels in order to continue building its audience.

Executives

Carriage House Wealth Ltd.	10% Security Holder
Maximilien Desmarais	Senior Officer
Kevin David Cooper	Director, Director or Senior Officer of 10% Security Holder