Two Hands (XCNQ:TWOH) Interest Expense : C$-0.22 Mil (TTM As of Mar. 2024)

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What is Two Hands Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Two Hands's interest expense for the three months ended in Mar. 2024 was C$ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.22 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. Two Hands's Operating Income for the three months ended in Mar. 2024 was C$ -0.39 Mil. Two Hands's Interest Expense for the three months ended in Mar. 2024 was C$ -0.06 Mil. Two Hands 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.

Two Hands Interest Expense Historical Data

The historical data trend for Two Hands'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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Two Hands Interest Expense Chart

Two Hands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.21

-0.31

-0.46

-0.18

-0.21

Two Hands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.05	-0.05	-0.06	-0.06	-0.06

Two Hands 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.22 Mil.

Two Hands (XCNQ:TWOH) 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.

Two Hands's Interest Expense for the three months ended in Mar. 2024 was C$-0.06 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$1.05 Mil.

Two Hands's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Two Hands did not have earnings to cover the interest expense.

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

Two Hands (XCNQ:TWOH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Two Hands Corp (XCNQ:TWOH) » Definitions » Interest Expense

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TWOH:USA

Address

1035 Queensway East, Mississauga, ON, CAN, L4Y 4C1

Website

https://www.twohandsgroup.com

Two Hands Corporation is a custom application development company in the digital technologies sector. The company delivers diversified solutions to companies in North America. It has three business divisions namely gocart.city, Grocery Originals, and Cuore Food Services. gocart.city is the company's online delivery marketplace, allowing consumers to shop online and have their groceries delivered. Grocery Originals is the company's brick-and-mortar grocery store located in Mississauga Ontario at the site of the company's warehouse. Cuore Food Services is the company's wholesale food distribution branch.