Inverite Insights (XCNQ:INVR) Interest Expense : C$-0.17 Mil (TTM As of Dec. 2024)

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What is Inverite Insights Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Inverite Insights's interest expense for the three months ended in Dec. 2024 was C$ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was C$-0.17 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. Inverite Insights's Operating Income for the three months ended in Dec. 2024 was C$ -0.62 Mil. Inverite Insights's Interest Expense for the three months ended in Dec. 2024 was C$ -0.05 Mil. Inverite Insights 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.

Inverite Insights Interest Expense Historical Data

The historical data trend for Inverite Insights'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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Inverite Insights Interest Expense Chart

Inverite Insights Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

-0.67

-0.59

-0.56

-0.54

-0.63

Inverite Insights Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-0.05	-0.05	-0.06	-0.06	-0.05

Inverite Insights 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.17 Mil.

Inverite Insights (XCNQ:INVR) 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.

Inverite Insights's Interest Expense for the three months ended in Dec. 2024 was C$-0.05 Mil. Its Operating Income for the three months ended in Dec. 2024 was C$-0.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was C$0.00 Mil.

Inverite Insights's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Inverite Insights did not have earnings to cover the interest expense.

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

Inverite Insights Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Inverite Insights Inc (XCNQ:INVR) » Definitions » Interest Expense

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INVRF:USA

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2.

Website

https://www.inverite.com

Inverite Insights Inc provides AI-driven software focusing on real-time financial data, which empowers business lenders and financial institutions to transact effectively for data enrichment, identify-KYC, risk management, and compliance. The company operates a cloud-based transactional and Risk Model as a Service (RMaaS) platform; and offers open banking and consumer-directed finance solutions, including banking verification solutions to the financial services industry for income verification, credit decisioning, fraud reduction, and know-your-client/anti-money laundering purposes.

Executives

Bradley Nixon Scharfe	10% Security Holder
Michele Marrandino	10% Security Holder, Director, Senior Officer

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