CanadaBis Capital (TSXV:CANB) Interest Expense : C$-0.51 Mil (TTM As of Jul. 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 Jul. 2024 was C$ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2024 was C$-0.51 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 Jul. 2024 was C$ -0.30 Mil. CanadaBis Capital's Interest Expense for the three months ended in Jul. 2024 was C$ -0.12 Mil. CanadaBis Capital 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.

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

Jul24

Interest Expense

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-0.33

-0.40

-0.49

-0.45

-0.51

CanadaBis Capital Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Interest Expense	Get a 7-Day Free Trial															-0.11	-0.13	-0.13	-0.13	-0.12

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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.51 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 Jul. 2024 was C$-0.12 Mil. Its Operating Income for the three months ended in Jul. 2024 was C$-0.30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2024 was C$4.53 Mil.

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

CanadaBis Capital did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. CanadaBis Capital Inc interest coverage is 1.64, which is low.

CanadaBis Capital Business Description

Industry

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

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Traded in Other Exchanges

CNADF:USA

Address

255C Clearview Drive, Red Deer County, Red Deer, AB, CAN, T4E 3B6

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-premises owned and operated by the Company. Extraction and tolling segment provide cannabinoid extraction services to other licensed producers. The company generates maximum of its revenue from Extraction and tolling.

Executives