Cannibble Food Tech (XCNQ:PLCN) Interest Expense : C$-0.04 Mil (TTM As of Sep. 2023)

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What is Cannibble Food Tech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cannibble Food Tech's interest expense for the three months ended in Sep. 2023 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was C$-0.04 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. Cannibble Food Tech's Operating Income for the three months ended in Sep. 2023 was C$ -0.57 Mil. Cannibble Food Tech's Interest Expense for the three months ended in Sep. 2023 was C$ -0.01 Mil. Cannibble Food Tech 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.

Cannibble Food Tech Interest Expense Historical Data

The historical data trend for Cannibble Food Tech'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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Cannibble Food Tech Interest Expense Chart

Cannibble Food Tech Annual Data

Trend

Dec20

Dec21

Dec22

Interest Expense

-0.01

-0.07

Cannibble Food Tech Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial							-0.07	0.01	-	-0.03	-0.01

Cannibble Food Tech 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.04 Mil.

Cannibble Food Tech (XCNQ:PLCN) 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.

Cannibble Food Tech's Interest Expense for the three months ended in Sep. 2023 was C$-0.01 Mil. Its Operating Income for the three months ended in Sep. 2023 was C$-0.57 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was C$0.50 Mil.

Cannibble Food Tech's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Cannibble Food Tech did not have earnings to cover the interest expense.

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

Cannibble Food Tech (XCNQ:PLCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannibble Food Tech Ltd (XCNQ:PLCN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

40, Carmel Street, P.O.Box 4250, Rosh Haayin, ISR, 4856602

Website

https://www.cannibble.world

Cannibble Food Tech Ltd develops and manufactures powder food mix products that are enhanced variously with hemp seeds, hemp protein, CBD, and THC. The company has developed proprietary formulas for powder-based edibles that are subsequently enhanced with active cannabinoids, which it markets under the brand name "The Pelicann".

Cannibble Food Tech (XCNQ:PLCN) Headlines

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