TUT Fitness Group (TSXV:GYM) Interest Expense : C$-0.01 Mil (TTM As of Mar. 2024)

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What is TUT Fitness Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TUT Fitness Group's interest expense for the three months ended in Mar. 2024 was C$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.01 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. TUT Fitness Group's Operating Income for the three months ended in Mar. 2024 was C$ -0.20 Mil. TUT Fitness Group's Interest Expense for the three months ended in Mar. 2024 was C$ -0.00 Mil. TUT Fitness Group 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.

TUT Fitness Group Interest Expense Historical Data

The historical data trend for TUT Fitness Group'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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TUT Fitness Group Interest Expense Chart

TUT Fitness Group Annual Data

Trend

Sep21

Sep22

Sep23

Interest Expense

-0.01

-0.02

TUT Fitness Group Quarterly Data
	Aug20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial							-0.01	-0.01	-0.01	-0.01	-

TUT Fitness Group 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$-0.01 Mil.

TUT Fitness Group (TSXV:GYM) 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.

TUT Fitness Group's Interest Expense for the three months ended in Mar. 2024 was C$-0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.11 Mil.

TUT Fitness Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

TUT Fitness Group did not have earnings to cover the interest expense.

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

TUT Fitness Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TUT Fitness Group Inc (TSXV:GYM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

17277, 56 Avenue, Suite 112, Surrey, BC, CAN, V3S 1C2

Website

https://www.tutfitnessgroup.com

TUT Fitness Group Inc is a fitness company. engaged in design, development, and distribution of patented fitness equipment. It designs and manufactures the smallest, more affordable, high-performance home gyms, that can be assembled and disassembled in minutes, and stored almost anywhere.

Executives

Anthony John Guy Dutton	Director
Robert Douglas Smith	Director, Senior Officer
Aaron Edward Fader	Director or Senior Officer of 10% Security Holder, Senior Officer

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