Luxxfolio Holdings (XCNQ:LUXX) Interest Expense : C$0.02 Mil (TTM As of Feb. 2024)

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What is Luxxfolio Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Luxxfolio Holdings's interest expense for the three months ended in Feb. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$0.02 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. Luxxfolio Holdings's Operating Income for the three months ended in Feb. 2024 was C$ -0.03 Mil. Luxxfolio Holdings's Interest Expense for the three months ended in Feb. 2024 was C$ 0.00 Mil. Luxxfolio Holdings has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Luxxfolio Holdings Interest Expense Historical Data

The historical data trend for Luxxfolio Holdings'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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Luxxfolio Holdings Interest Expense Chart

Luxxfolio Holdings Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-0.07

-0.40

-2.03

-0.07

Luxxfolio Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-	-0.01	0.03	-	-

Luxxfolio Holdings 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$0.02 Mil.

Luxxfolio Holdings (XCNQ:LUXX) 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.

Luxxfolio Holdings's Interest Expense for the three months ended in Feb. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.00 Mil.

Luxxfolio Holdings's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Luxxfolio Holdings had no long-term debt ⁽¹⁾.

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

Luxxfolio Holdings (XCNQ:LUXX) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Luxxfolio Holdings Inc (XCNQ:LUXX) » Definitions » Interest Expense

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LUXFF:USA LUH:Germany

Address

417 - 1080 Mainland Street, Vancouver, BC, CAN, V6B 2T4

Website

https://www.luxxfolio.com

Luxxfolio Holdings Inc is a vertically-integrated digital asset company based in Canada. It is a digital infrastructure provider for bitcoin mining and data hosting operations. It earns revenue in the form of Cryptocurrency mining and also generates a substantial part of its revenue from hosting third party miners in the form of fixed monthly charges as well as variable charges based on power consumed. Geographically, it is present in Canada and USA, with a majority of its revenue being derived from its operations in USA.