The Westaim (The Westaim) Interest Expense : $-0.6 Mil (TTM As of Mar. 2024)

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What is The Westaim Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Westaim's interest expense for the three months ended in Mar. 2024 was $ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.6 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. The Westaim's Operating Income for the three months ended in Mar. 2024 was $ Mil. The Westaim's Interest Expense for the three months ended in Mar. 2024 was $ Mil. 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.

The Westaim Interest Expense Historical Data

The historical data trend for The Westaim'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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The Westaim Interest Expense Chart

The Westaim Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.90

-1.86

-1.99

-1.90

-1.01

The Westaim 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															-0.46	-0.47	-0.08	-	-

The Westaim 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 $-0.6 Mil.

The Westaim (The Westaim) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Westaim Corp (OTCPK:WEDXF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

WEM1:Germany WED:Canada

Address

70 York Street, Suite 1700, Toronto, ON, CAN, M5J 1S9

Website

https://www.westaim.com

The Westaim Corp is a Canada-based investment company, engaged in providing long-term capital to businesses operating mainly within the financial services industry. It invests, directly and indirectly, through acquisitions, joint ventures, and other arrangements, to provide its shareholders with capital appreciation and real wealth preservation. The group seeks to acquire debt, equity, or derivative securities of both public and private companies. The company derives revenue mostly from interest income and dividend income. Geographically, it has a business presence in the U.S., Asia Pacific, Canada, Europe, and other countries.

Executives

Cameron Macdonald	10 percent owner	70 YORK STREET, SUITE 1700, TORONTO A6 M5J 1S9
Goodwood Inc.	10 percent owner	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H1K5
Peter Puccetti	10 percent owner	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Fund Goodwood	other: Other	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Goodwood Fund 2.0 Ltd	other: Other	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Goodwood Fund Arrow	other: Other	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Capital Fund Goodwood	other: Other	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
1354037 Ontario Inc.	10 percent owner	212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
K2 Principal Fund, L.p.	10 percent owner	2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
Shawn Kimel	10 percent owner	2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
Shawn Kimel Investments, Inc.	10 percent owner	2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
K2 & Associates Investment Management Inc.	10 percent owner	2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
K2 Genpar, Inc.	10 percent owner	444 ADELAIDE STREET W SUITE 200, TORONTO A6 M5V 1S7