Nova Net Lease REIT (XCNQ:NNL.U) Interest Expense : $-0.16 Mil (TTM As of Sep. 2024)

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What is Nova Net Lease REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nova Net Lease REIT's interest expense for the three months ended in Sep. 2024 was $ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.16 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. Nova Net Lease REIT's Operating Income for the three months ended in Sep. 2024 was $ -0.09 Mil. Nova Net Lease REIT's Interest Expense for the three months ended in Sep. 2024 was $ -0.05 Mil. Nova Net Lease REIT 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.

Nova Net Lease REIT Interest Expense Historical Data

The historical data trend for Nova Net Lease REIT'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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Nova Net Lease REIT Interest Expense Chart

Nova Net Lease REIT Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.21

-0.10

Nova Net Lease REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial								-	-0.01	-0.05	-0.05	-0.05

Nova Net Lease REIT 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.16 Mil.

Nova Net Lease REIT (XCNQ:NNL.U) 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.

Nova Net Lease REIT's Interest Expense for the three months ended in Sep. 2024 was $-0.05 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1.92 Mil.

Nova Net Lease REIT's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Nova Net Lease REIT did not have earnings to cover the interest expense.

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

Nova Net Lease REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nova Net Lease REIT (XCNQ:NNL.U) » Definitions » Interest Expense

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Address

200 Bay Street, North Tower, Suite 1200, Toronto, ON, CAN, M5J 2J2

Website

https://www.novanetleasereit.com

Nova Net Lease REIT is a real estate investment trust established to acquire specialized industrial and retail properties leased to experienced, licensed operators in the legal U.S. cannabis industry. The REIT intends to acquire properties through sale-leaseback transactions and lease such properties on a triple net lease basis for a targeted 10 to a 15-year term and strives to negotiate annual rental rate increases in the leases.

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