Silo Wellness (XCNQ:SILO) Interest Expense : C$-0.01 Mil (TTM As of Jul. 2023)

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What is Silo Wellness Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Silo Wellness's interest expense for the three months ended in Jul. 2023 was C$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2023 was C$-0.01 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. Silo Wellness's Operating Income for the three months ended in Jul. 2023 was C$ -0.29 Mil. Silo Wellness's Interest Expense for the three months ended in Jul. 2023 was C$ -0.00 Mil. Silo Wellness 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.

Silo Wellness Interest Expense Historical Data

The historical data trend for Silo Wellness'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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Silo Wellness Interest Expense Chart

Silo Wellness Annual Data

Trend

Oct20

Oct21

Oct22

Interest Expense

-0.09

-0.02

Silo Wellness Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Interest Expense	Get a 7-Day Free Trial										-	-	-	-	-

Silo Wellness 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.01 Mil.

Silo Wellness (XCNQ:SILO) 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.

Silo Wellness's Interest Expense for the three months ended in Jul. 2023 was C$-0.00 Mil. Its Operating Income for the three months ended in Jul. 2023 was C$-0.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2023 was C$0.00 Mil.

Silo Wellness's Interest Coverage for the quarter that ended in Jul. 2023 is calculated as

Silo Wellness did not have earnings to cover the interest expense.

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

Silo Wellness (XCNQ:SILO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Silo Wellness Inc (XCNQ:SILO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Consumers Road, Suite 702, Toronto, ON, CAN, M2J 4R4

Website

https://www.silowellness.com

Silo Wellness Inc operates psychedelic clinics and develops legal functional mushroom consumer products. It is focused on health and wellness by developing and introducing psychedelic medicine to reduce trauma and increase performance by destigmatizing the active compounds in psychedelics and innovating ease of administration and ingestion.

Executives

Michael Hartman

Director