NetCents Technology (XCNQ:NC) Interest Expense : C$-0.11 Mil (TTM As of Jul. 2020)

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What is NetCents Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NetCents Technology's interest expense for the three months ended in Jul. 2020 was C$ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2020 was C$-0.11 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. NetCents Technology's Operating Income for the three months ended in Jul. 2020 was C$ -11.11 Mil. NetCents Technology's Interest Expense for the three months ended in Jul. 2020 was C$ -0.04 Mil. NetCents Technology 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.

NetCents Technology Interest Expense Historical Data

The historical data trend for NetCents Technology'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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NetCents Technology Interest Expense Chart

NetCents Technology Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Interest Expense

-0.01

-0.09

-0.10

-0.05

NetCents Technology Quarterly Data
	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20
Interest Expense	Get a 7-Day Free Trial															-	-	-0.04	-0.04	-0.04

NetCents Technology 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 Jul. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.11 Mil.

NetCents Technology (XCNQ:NC) 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.

NetCents Technology's Interest Expense for the three months ended in Jul. 2020 was C$-0.04 Mil. Its Operating Income for the three months ended in Jul. 2020 was C$-11.11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2020 was C$1.26 Mil.

NetCents Technology's Interest Coverage for the quarter that ended in Jul. 2020 is calculated as

NetCents Technology did not have earnings to cover the interest expense.

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

NetCents Technology (XCNQ:NC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NetCents Technology Inc (XCNQ:NC) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

350-375 Water Street, Vancouver, BC, CAN, V6B 5C6

Website

https://www.net-cents.com

NetCents Technology Inc is engaged in software development for the payment processing industry. It helps in KYC, AML, IP Verification, eWallets, Merchant Gateway, Blockchain and Cryptocurrency Technology, Risk and Fraud Reduction, and Instant Settlements.