Hybrid Power Solutions (XCNQ:HPSS) Interest Expense : C$-0.46 Mil (TTM As of Feb. 2024)

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What is Hybrid Power Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hybrid Power Solutions's interest expense for the three months ended in Feb. 2024 was C$ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-0.46 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. Hybrid Power Solutions's Operating Income for the three months ended in Feb. 2024 was C$ -2.07 Mil. Hybrid Power Solutions's Interest Expense for the three months ended in Feb. 2024 was C$ -0.07 Mil. Hybrid Power Solutions 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.

Hybrid Power Solutions Interest Expense Historical Data

The historical data trend for Hybrid Power Solutions'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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Hybrid Power Solutions Interest Expense Chart

Hybrid Power Solutions Annual Data

Trend

May21

May22

May23

Interest Expense

-0.01

-0.08

-0.35

Hybrid Power Solutions Quarterly Data
	May21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial					-0.11	-0.12	-0.12	-0.15	-0.07

Hybrid Power Solutions 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$-0.46 Mil.

Hybrid Power Solutions (XCNQ:HPSS) 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.

Hybrid Power Solutions's Interest Expense for the three months ended in Feb. 2024 was C$-0.07 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-2.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.49 Mil.

Hybrid Power Solutions's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Hybrid Power Solutions did not have earnings to cover the interest expense.

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

Hybrid Power Solutions (XCNQ:HPSS) Business Description

Industry

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Traded in Other Exchanges

E092:Germany

Address

333 Terminal Avenue, Suite 208, Vancouver, BC, CAN, V6A 4C1

Website

https://www.hybridps.ca

Hybrid Power Solutions Inc is a Canadian clean energy company specializing in producing, developing, and installing direct-to-consumer clean technology products such as portable power packs and stationary energy storage. It mainly designs and manufactures patent-pending portable battery systems and customized energy solutions for a variety of industrial markets, including the mining, railway, public transit, and construction sectors. It also has a franchise network of solar power installers that operate under the Company's trademark and offer the sale and installation of the Company's products. Geographically, the company operates in Canada which is the key revenue generating market, and the United States.

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