MetaWorks Platforms (XCNQ:MWRK) Interest Expense : C$-0.36 Mil (TTM As of Mar. 2024)

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What is MetaWorks Platforms Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MetaWorks Platforms's interest expense for the three months ended in Mar. 2024 was C$ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.36 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. MetaWorks Platforms's Operating Income for the three months ended in Mar. 2024 was C$ -0.71 Mil. MetaWorks Platforms's Interest Expense for the three months ended in Mar. 2024 was C$ -0.02 Mil. MetaWorks Platforms 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.

MetaWorks Platforms Interest Expense Historical Data

The historical data trend for MetaWorks Platforms'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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MetaWorks Platforms Interest Expense Chart

MetaWorks Platforms Annual Data

Trend

Dec14

Dec15

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Dec18

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Dec23

Interest Expense

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-0.15

-0.19

-0.08

-0.02

-0.34

MetaWorks Platforms 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															-	-0.03	0.02	-0.33	-0.02

MetaWorks Platforms 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 C$-0.36 Mil.

MetaWorks Platforms (XCNQ:MWRK) 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.

MetaWorks Platforms's Interest Expense for the three months ended in Mar. 2024 was C$-0.02 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

MetaWorks Platforms's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

MetaWorks Platforms did not have earnings to cover the interest expense.

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

MetaWorks Platforms (XCNQ:MWRK) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » MetaWorks Platforms Inc (XCNQ:MWRK) » Definitions » Interest Expense

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MWRK:USA

Address

3250 Oakland Hills Court, Fairfield, CA, USA, 94534

Website

https://www.metaworksplatforms.io

MetaWorks Platforms Inc is a full-service blockchain and web development platform provider. The Company's business model is to provide a turnkey set of services to develop and integrate Web 3.0 / Metaverse technologies, NFT, blockchain, and cryptocurrency technologies. It offers a set of services for companies to develop and integrate blockchain and payment technologies into their business operations. It builds and operates FinTech Platforms-as-a-Service for digital currencies, digital securities tokens, and digital assets. The firm generates the majority of its revenue from the sale of movie rights.