BlockchainK2 (TSXV:BITK) Interest Expense : C$-0.05 Mil (TTM As of Dec. 2023)

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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 Dec. 2023 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.05 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 Dec. 2023 was C$ -0.06 Mil. BlockchainK2's Interest Expense for the three months ended in Dec. 2023 was C$ -0.01 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.

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BlockchainK2 Interest Expense Chart

BlockchainK2 Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

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Sep23

Interest Expense

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-0.01

-0.02

-0.04

-0.06

BlockchainK2 Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.02	-0.02	-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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.05 Mil.

BlockchainK2 (TSXV:BITK) 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.

BlockchainK2's Interest Expense for the three months ended in Dec. 2023 was C$-0.01 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-0.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.07 Mil.

BlockchainK2's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

BlockchainK2 did not have earnings to cover the interest expense.

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

BlockchainK2 (TSXV:BITK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BlockchainK2 Corp (TSXV:BITK) » Definitions » Interest Expense

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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

BlockchainK2 (TSXV:BITK) Headlines

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