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XR Immersive Tech (XCNQ:VRAI) Interest Expense : C$-0.60 Mil (TTM As of Sep. 2023)


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What is XR Immersive Tech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. XR Immersive Tech's interest expense for the three months ended in Sep. 2023 was C$ -0.15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was C$-0.60 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. XR Immersive Tech's Operating Income for the three months ended in Sep. 2023 was C$ -0.27 Mil. XR Immersive Tech's Interest Expense for the three months ended in Sep. 2023 was C$ -0.15 Mil. XR Immersive 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.

XR Immersive Tech Interest Expense Historical Data

The historical data trend for XR Immersive 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.

* Premium members only.

XR Immersive Tech Interest Expense Chart

XR Immersive Tech Annual Data
Trend Dec20 Dec21 Dec22
Interest Expense
-0.01 -0.07 -0.93

XR Immersive Tech Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.13 -0.16 -0.15 -0.14 -0.15

XR Immersive 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$-0.60 Mil.

* 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.

XR Immersive Tech  (XCNQ:VRAI) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

XR Immersive Tech's Interest Expense for the three months ended in Sep. 2023 was C$-0.15 Mil. Its Operating Income for the three months ended in Sep. 2023 was C$-0.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was C$2.97 Mil.

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

XR Immersive Tech did not have earnings to cover the interest expense.

* 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.

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

XR Immersive Tech (XCNQ:VRAI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » XR Immersive Tech Inc (XCNQ:VRAI) » Definitions » Interest Expense
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XCNQ:RDRS XCNQ:UAV ANET DELL SZSE:002415 HPQ TSE:7751 TPE:2382 SHSE:688041 NTAP STX HKSE:00992 WDC SMCI XSWX:LOGN PSTG TPE:2395 TPE:6669 TPE:3231 TPE:2357
Traded in Other Exchanges
FNTTF:USA 79W:Germany
Address
750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7
Website
https://www.immersivetech.co
XR Immersive Tech Inc is a Virtual Reality and Augmented Reality entertainment and attractions manufacturer blending amusement park engineering and video game development to create custom experiences through its flagship hyper-immersive multiplayer VR attraction Uncontained.

XR Immersive Tech (XCNQ:VRAI) Headlines

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