NEXE Innovations (TSXV:NEXE) Interest Expense : C$-0.20 Mil (TTM As of Feb. 2024)

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What is NEXE Innovations Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NEXE Innovations's interest expense for the three months ended in Feb. 2024 was C$ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-0.20 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. NEXE Innovations's Operating Income for the three months ended in Feb. 2024 was C$ -1.34 Mil. NEXE Innovations's Interest Expense for the three months ended in Feb. 2024 was C$ -0.04 Mil. NEXE Innovations 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.

NEXE Innovations Interest Expense Historical Data

The historical data trend for NEXE Innovations'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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NEXE Innovations Interest Expense Chart

NEXE Innovations Annual Data

Trend

May20

May21

May22

May23

Interest Expense

-0.19

-0.29

-0.31

-0.26

NEXE Innovations Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial													-0.06	-0.06	-0.05	-0.05	-0.04

NEXE Innovations 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.20 Mil.

NEXE Innovations (TSXV:NEXE) 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.

NEXE Innovations's Interest Expense for the three months ended in Feb. 2024 was C$-0.04 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-1.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.38 Mil.

NEXE Innovations's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

NEXE Innovations did not have earnings to cover the interest expense.

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

NEXE Innovations (TSXV:NEXE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » NEXE Innovations Inc (TSXV:NEXE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NEXNF:USA NX5:Germany

Address

19355 22nd Avenue, Suite 109, Surrey, BC, CAN, V3Z3S6

Website

https://www.nexeinnovations.com

NEXE Innovations Inc is a plant-based compostable technology and materials manufacturing based in British Columbia, Canada. The Company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. The NEXE Pod is fully compostable, single-use pod will offer the market an environmentally friendly alternative to the over billions of plastic and aluminum pod market.

Executives

Ashvani Guglani

Director

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