Deveron (TSXV:FARM) Interest Expense : C$-4.50 Mil (TTM As of Dec. 2023)

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What is Deveron Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Deveron's interest expense for the three months ended in Dec. 2023 was C$ -1.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-4.50 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. Deveron's Operating Income for the three months ended in Dec. 2023 was C$ 3.38 Mil. Deveron's Interest Expense for the three months ended in Dec. 2023 was C$ -1.01 Mil. Deveron's Interest Coverage for the quarter that ended in Dec. 2023 was 3.35. 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.

Deveron Interest Expense Historical Data

The historical data trend for Deveron'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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Deveron Interest Expense Chart

Deveron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Jun23

Interest Expense

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-0.02

-0.11

-3.37

-5.57

Deveron 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															-1.84	-1.14	-1.46	-0.89	-1.01

Deveron 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$-4.50 Mil.

Deveron (TSXV:FARM) 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.

Deveron's Interest Expense for the three months ended in Dec. 2023 was C$-1.01 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$3.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$38.24 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3.382	/	-1.011
	=	3.35

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

Deveron (TSXV:FARM) Business Description

Industry

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

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DVRNF:USA 1LSA:Germany

Address

82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1

Website

https://www.deveron.com

Deveron Corp is an agriculture technology company that uses data and insights to help farmers and agriculture enterprises increase yields, reduce costs, and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive the unbiased interpretation of production decisions, ultimately recommending optimizing input use. Additionally, the Company provides scalable data acquisition solutions in the imagery and soil space with the help of soil sampling technicians and drone pilots.

Executives

Christopher Irwin

Director