Nextleaf Solutions (XCNQ:OILS) Interest Expense : C$-0.05 Mil (TTM As of Dec. 2024)

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What is Nextleaf Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nextleaf Solutions's interest expense for the three months ended in Dec. 2024 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was C$-0.05 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. Nextleaf Solutions's Operating Income for the three months ended in Dec. 2024 was C$ 0.34 Mil. Nextleaf Solutions's Interest Expense for the three months ended in Dec. 2024 was C$ -0.01 Mil. Nextleaf Solutions's Interest Coverage for the quarter that ended in Dec. 2024 was 26.00. 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.

Nextleaf Solutions Interest Expense Historical Data

The historical data trend for Nextleaf Solutions'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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Nextleaf Solutions Interest Expense Chart

Nextleaf Solutions Annual Data

Trend

Mar17

Mar18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Interest Expense

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-0.04

-0.38

-0.48

-0.04

-0.06

Nextleaf Solutions Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-0.02	-0.01	-0.01	-0.01	-0.01

Nextleaf Solutions 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$-0.05 Mil.

Nextleaf Solutions (XCNQ:OILS) 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.

Nextleaf Solutions's Interest Expense for the three months ended in Dec. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Dec. 2024 was C$0.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was C$0.29 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	0.338	/	-0.013
	=	26.00

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

Nextleaf Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Nextleaf Solutions Ltd (XCNQ:OILS) » Definitions » Interest Expense

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Traded in Other Exchanges

OILFF:USA

Address

68 Schooner Street, Suite 3, Coquitlam, BC, CAN, V3B 7B1

Website

https://www.nextleafsolutions.com

Nextleaf Solutions Ltd is is a Canadian cannabis extractor and processor, with a focus on developing intellectual property for the extraction, distillation formulation, and delivery of cannabinoids. The Company has a single reportable segment being the provision of goods and services to the cannabis industry in Canada. All the Company's revenues are generated in Canada. Revenue from sale of goods and services includes sales of bulk distillate, branded (Glacial Gold) vape pens, oils, and softgels (branded extract products), and private label which includes toll processing and other services. Majority being from Branded extract products.

Executives

Emma Jane Andrews	Senior Officer
Erik Paul Pedersen	Director, Senior Officer
Charles Joudrey Ackerman	Senior Officer
Ryan Delmoral Ko	Senior Officer

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