CanadaBis Capital (TSXV:CANB) Interest Expense : C$-0.49 Mil (TTM As of Jan. 2024)

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What is CanadaBis Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CanadaBis Capital's interest expense for the three months ended in Jan. 2024 was C$ -0.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$-0.49 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. CanadaBis Capital's Operating Income for the three months ended in Jan. 2024 was C$ 0.05 Mil. CanadaBis Capital's Interest Expense for the three months ended in Jan. 2024 was C$ -0.13 Mil. CanadaBis Capital's Interest Coverage for the quarter that ended in Jan. 2024 was 0.40. 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.

CanadaBis Capital Interest Expense Historical Data

The historical data trend for CanadaBis Capital'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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CanadaBis Capital Interest Expense Chart

CanadaBis Capital Annual Data

Trend

Nov16

Dec17

Dec18

Jul19

Jul20

Jul21

Jul22

Jul23

Interest Expense

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-0.02

-0.33

-0.40

-0.49

-0.45

CanadaBis Capital Quarterly Data
	Mar19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.12	-0.11	-0.11	-0.13	-0.13

CanadaBis Capital 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.49 Mil.

CanadaBis Capital (TSXV:CANB) 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.

CanadaBis Capital's Interest Expense for the three months ended in Jan. 2024 was C$-0.13 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$0.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$5.21 Mil.

CanadaBis Capital's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	0.052	/	-0.131
	=	0.40

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

CanadaBis Capital (TSXV:CANB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CanadaBis Capital Inc (TSXV:CANB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CNADF:USA

Address

PO Box 850, Rocky Mountain House, AB, CAN, T4T 1A6

Website

https://www.canadabis.com

CanadaBis Capital Inc is a vertically-integrated cannabis company. The firm engages in the production and sale of recreational cannabis. Its product line consists of Stigma Roots. It operates in three segments: wholesale, retail, and extraction and tolling. The wholesale segment cultivates and distributes cannabis and cannabis products to and through, provincial liquor and cannabis boards. Retail segment involves sale of cannabis and cannabis-related products to end consumers on-premise owned and operated by the Company. Extraction and tolling segment provides cannabinoid extraction services to other licensed producers. The company generates maximum of its revenue from Extraction and tolling.

Executives

Garfield Richards

Senior Officer