Bitcoin Well (TSXV:BTCW) Interest Expense : C$-2.52 Mil (TTM As of Mar. 2024)

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What is Bitcoin Well Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bitcoin Well's interest expense for the three months ended in Mar. 2024 was C$ -0.64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-2.52 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. Bitcoin Well's Operating Income for the three months ended in Mar. 2024 was C$ -0.36 Mil. Bitcoin Well's Interest Expense for the three months ended in Mar. 2024 was C$ -0.64 Mil. Bitcoin Well 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.

Bitcoin Well Interest Expense Historical Data

The historical data trend for Bitcoin Well'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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Bitcoin Well Interest Expense Chart

Bitcoin Well Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.03

-0.45

-0.53

-1.53

-2.29

Bitcoin Well Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial													-0.45	-0.53	-0.62	-0.73	-0.64

Bitcoin Well 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.52 Mil.

Bitcoin Well (TSXV:BTCW) 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.

Bitcoin Well's Interest Expense for the three months ended in Mar. 2024 was C$-0.64 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.36 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$24.04 Mil.

Bitcoin Well's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Bitcoin Well did not have earnings to cover the interest expense.

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

Bitcoin Well (TSXV:BTCW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitcoin Well Inc (TSXV:BTCW) » Definitions » Interest Expense

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Traded in Other Exchanges

BCNWF:USA

Address

10142 82 Avenue NW, Suite 1900, Edmonton, AB, CAN, T6E 1Z4

Website

https://www.bitcoinwell.com

Bitcoin Well Inc offers ways to buy and sell bitcoin and other cryptocurrencies through a Bitcoin ATM network and suite of web-based transaction services.

Executives

Terry Curtis Rhode

Director