Westbridge Renewable Energy (TSXV:WEB) Interest Expense : C$-1.30 Mil (TTM As of Feb. 2024)

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What is Westbridge Renewable Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Westbridge Renewable Energy's interest expense for the three months ended in Feb. 2024 was C$ -0.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-1.30 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. Westbridge Renewable Energy's Operating Income for the three months ended in Feb. 2024 was C$ -8.49 Mil. Westbridge Renewable Energy's Interest Expense for the three months ended in Feb. 2024 was C$ -0.10 Mil. Westbridge Renewable Energy 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.

Westbridge Renewable Energy Interest Expense Historical Data

The historical data trend for Westbridge Renewable 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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Westbridge Renewable Energy Interest Expense Chart

Westbridge Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Nov21

Nov22

Nov23

Interest Expense

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-0.02

-0.01

-1.20

Westbridge Renewable Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-	-0.01	-0.56	-0.62	-0.10

Westbridge Renewable 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.30 Mil.

Westbridge Renewable Energy (TSXV:WEB) 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.

Westbridge Renewable Energy's Interest Expense for the three months ended in Feb. 2024 was C$-0.10 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-8.49 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$1.35 Mil.

Westbridge Renewable Energy's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Westbridge Renewable Energy did not have earnings to cover the interest expense.

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

Westbridge Renewable Energy (TSXV:WEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Westbridge Renewable Energy Corp (TSXV:WEB) » Definitions » Interest Expense

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WEGYF:USA

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.westbridge.energy

Westbridge Renewable Energy Corp is focused on delivering attractive, long-term returns by identifying, originating, and developing a global portfolio of renewable assets for investors and utilities. It develops best-in-class, utility-scale solar PV projects. It is turning green fields and the power of the sun into a reliable, sustainable flow of energy.

Executives

Pandelis Vassilakakis

Senior Officer