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BlockchainK2 (TSXV:BITK) Interest Expense : C$-0.03 Mil (TTM As of Jun. 2024)


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What is BlockchainK2 Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BlockchainK2's interest expense for the three months ended in Jun. 2024 was C$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was C$-0.03 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. BlockchainK2's Operating Income for the three months ended in Jun. 2024 was C$ -0.70 Mil. BlockchainK2's Interest Expense for the three months ended in Jun. 2024 was C$ -0.00 Mil. BlockchainK2 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.

BlockchainK2 Interest Expense Historical Data

The historical data trend for BlockchainK2'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.

BlockchainK2 Interest Expense Chart

BlockchainK2 Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.01 -0.02 -0.04 -0.06

BlockchainK2 Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -0.01 -0.01 -0.01 -0.01 -

BlockchainK2 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.03 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.

BlockchainK2  (TSXV:BITK) 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.

BlockchainK2's Interest Expense for the three months ended in Jun. 2024 was C$-0.00 Mil. Its Operating Income for the three months ended in Jun. 2024 was C$-0.70 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was C$0.08 Mil.

BlockchainK2's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

BlockchainK2 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.

BlockchainK2 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » BlockchainK2 Corp (TSXV:BITK) » Definitions » Interest Expense
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Traded in Other Exchanges
BIDCF:USA KRL2:Germany
Address
400 - 837 West Hastings Street, Vancouver, BC, CAN, V6C3N6
Website
https://www.blockchaink2.com
BlockchainK2 Corp currently operates as a holding company that invests in blockchain technology solutions for capital markets and other sectors. It has invested in separate ventures: Amplify Games Inc; iRecover Inc; and RealBlocks and Envexergy Inc. It also holds an interest in Sobe Organics Inc which is an omnichannel platform that distributes a broad line of CBD-infused products. The company operates in the following segments; Investing in blockchain technology solutions for capital markets and other sectors, Sale of health and beauty products - operated by Sobe Organics, Digital game distribution - operated by Amplify, and Addiction recovery platform services - operated by iRecover. It generates key revenue from Health and beauty products.
Executives
Sergei Stetsenko Director, Senior Officer
Steven Sangha Director
Andri Stytsenko Director

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