Oceanic Wind Energy (TSXV:NKW.H) Interest Expense : C$0.00 Mil (TTM As of Mar. 2024)

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What is Oceanic Wind Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oceanic Wind Energy'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$0.00 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. Oceanic Wind Energy's Operating Income for the three months ended in Mar. 2024 was C$ -0.05 Mil. Oceanic Wind Energy's Interest Expense for the three months ended in Mar. 2024 was C$ 0.00 Mil. Oceanic Wind Energy has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Oceanic Wind Energy Interest Expense Historical Data

The historical data trend for Oceanic Wind Energy'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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Oceanic Wind Energy Interest Expense Chart

Oceanic Wind Energy Annual Data

Trend

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Interest Expense

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-0.04

-0.01

Oceanic Wind Energy Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Oceanic Wind Energy 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$0.00 Mil.

Oceanic Wind Energy (TSXV:NKW.H) 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.

Oceanic Wind Energy's Interest Expense for the three months ended in Mar. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

Oceanic Wind Energy's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Oceanic Wind Energy had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Oceanic Wind Energy Inc has enough cash to cover all of its debt. Its financial situation is stable.

Oceanic Wind Energy (TSXV:NKW.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Oceanic Wind Energy Inc (TSXV:NKW.H) » Definitions » Interest Expense

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NKWFF:USA

Address

355 Burrard Street, Suite 570, Vancouver, BC, CAN, V6C 2G8

Website

http://www.oceanicwind.ca

Oceanic Wind Energy Inc is engaged in the development of renewable energy projects. The company is developing an offshore wind project on the north coast of British Columbia in Hecate Strait.

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