Shiny Health & Wellness (TSXV:SNYB) Interest Expense : C$-1.49 Mil (TTM As of Oct. 2023)

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What is Shiny Health & Wellness Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shiny Health & Wellness's interest expense for the three months ended in Oct. 2023 was C$ -0.34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was C$-1.49 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. Shiny Health & Wellness's Operating Income for the three months ended in Oct. 2023 was C$ -0.69 Mil. Shiny Health & Wellness's Interest Expense for the three months ended in Oct. 2023 was C$ -0.34 Mil. Shiny Health & Wellness 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.

Shiny Health & Wellness Interest Expense Historical Data

The historical data trend for Shiny Health & Wellness'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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Shiny Health & Wellness Interest Expense Chart

Shiny Health & Wellness Annual Data

Trend

Jan22

Jan23

Interest Expense

-0.90

-1.44

Shiny Health & Wellness Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Interest Expense	Get a 7-Day Free Trial						-0.32	-0.38	-0.38	-0.38	-0.34

Shiny Health & Wellness 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.49 Mil.

Shiny Health & Wellness (TSXV:SNYB) 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.

Shiny Health & Wellness's Interest Expense for the three months ended in Oct. 2023 was C$-0.34 Mil. Its Operating Income for the three months ended in Oct. 2023 was C$-0.69 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2023 was C$6.00 Mil.

Shiny Health & Wellness's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Shiny Health & Wellness did not have earnings to cover the interest expense.

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

Shiny Health & Wellness (TSXV:SNYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Shiny Health & Wellness Corp (TSXV:SNYB) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

22 Frederick Street, Suite 700, Kitchener, ON, CAN, N2H 6M6

Website

https://www.shinybud.com

Shiny Health & Wellness Corp is on a mission to help people never settle, live fully by being a trusted source for health and wellness solutions and services. The company broadened its retail growth strategy beyond adult-use cannabis by establishing mihi Health & Wellness, a new line of business focused on building a network of community pharmacies across Ontario. It also operates ShinyBud Cannabis Co., a well-established brand in Ontario strategically located in markets less saturated with cannabis retailers.

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