NTG Clarity Networks (TSXV:NCI) Interest Expense : C$-0.30 Mil (TTM As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is NTG Clarity Networks Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NTG Clarity Networks's interest expense for the three months ended in Mar. 2024 was C$ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.30 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. NTG Clarity Networks's Operating Income for the three months ended in Mar. 2024 was C$ 1.73 Mil. NTG Clarity Networks's Interest Expense for the three months ended in Mar. 2024 was C$ -0.07 Mil. NTG Clarity Networks's Interest Coverage for the quarter that ended in Mar. 2024 was 23.34. 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.

NTG Clarity Networks Interest Expense Historical Data

The historical data trend for NTG Clarity Networks'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.

* Premium members only.

NTG Clarity Networks Interest Expense Chart

NTG Clarity Networks Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-0.95

-0.27

-0.21

-0.32

NTG Clarity Networks Quarterly Data
	Jun19	Sep19	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															-0.05	-0.13	-0.10	-	-0.07

NTG Clarity Networks 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$-0.30 Mil.

NTG Clarity Networks (TSXV:NCI) 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.

NTG Clarity Networks's Interest Expense for the three months ended in Mar. 2024 was C$-0.07 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$1.73 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$6.47 Mil.

NTG Clarity Networks's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1.727	/	-0.074
	=	23.34

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

NTG Clarity Networks (TSXV:NCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NTG Clarity Networks Inc (TSXV:NCI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NYWKF:USA

Address

2820 Fourteenth Avenue, Suite 202, Markham, ON, CAN, L3R 0S9

Website

https://www.ntgclarity.com

NTG Clarity Networks Inc provides telecommunications engineering, Information Technology, networking, and related software solutions. It develops niche software products directed at telecom service providers and utilities markets. The company also provides professional services and managed services to the same vertical. In addition, it has also expanded into the financial and government sectors by providing products and technical resources to assist customers with projects that include digital transformation. The company`s Canadian segment is made up of activities in Canada and offices in Saudi Arabia and Oman; and the Egypt segment is a software development group that also provides professional services, offshoring services, and network services to customers in Egypt.

Executives

Kristine Anne Lewis	Director
Ashraf Zaghloul	10% Security Holder, Director, Senior Officer

NTG Clarity Networks (TSXV:NCI) Headlines

From GuruFocus

Neo-Concept International Group Holdings Limited Announces Pricing of Initial Public Offering and Listing on Nasdaq

By Marketwired • 04-23-2024