GURUFOCUS.COM » STOCK LIST » Technology » Software » Wellfield Technologies Inc (OTCPK:WFLDF) » Definitions » Interest Expense

WFLDF (Wellfield Technologies) Interest Expense : $-0.34 Mil (TTM As of Sep. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Wellfield Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wellfield Technologies's interest expense for the three months ended in Sep. 2024 was $ -0.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.34 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. Wellfield Technologies's Operating Income for the three months ended in Sep. 2024 was $ -0.51 Mil. Wellfield Technologies's Interest Expense for the three months ended in Sep. 2024 was $ -0.10 Mil. Wellfield Technologies 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.

Wellfield Technologies Interest Expense Historical Data

The historical data trend for Wellfield Technologies'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.

* Premium members only.

Wellfield Technologies Interest Expense Chart

Wellfield Technologies Annual Data
Trend Dec19 Dec20 Dec21 Mar23 Mar24
Interest Expense
- - - - -0.24

Wellfield Technologies Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -0.09 -0.10 -0.06 -0.10

Wellfield Technologies 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.34 Mil.

* 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.

Wellfield Technologies  (OTCPK:WFLDF) Interest Expense Explanation

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 higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Wellfield Technologies's Interest Expense for the three months ended in Sep. 2024 was $-0.10 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $4.90 Mil.

Wellfield Technologies's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Wellfield Technologies did not have earnings to cover the interest expense.

* 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.

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

Wellfield Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Wellfield Technologies Inc (OTCPK:WFLDF) » Definitions » Interest Expense
Comparable Companies
XCNQ:IAI TSXV:BWLK XCNQ:AICO XCNQ:VSBY XCNQ:SKUR TSX:ADCO XCNQ:NEWS XCNQ:CLTE NEOE:IFSS TSXV:AUTO CRM XTER:SAP NOW INTU TSX:SHOP UBER ADP APP CDNS MSTR
Traded in Other Exchanges
K8D:Germany WFLD:Canada
Address
666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8
Website
https://www.wellfield.io
Wellfield Technologies Inc is engaged in decentralized finance (DeFi) by building open and accessible decentralized protocols and also blockchain-based consumer products. The company's brands include Seamless - the company's protocol layer and MoneyClip - the company's application layer brand. The company's brands include Coinmama, Wellfield Capital, and Wellfield Gold.