Cannovum Cannabis AG (XTER:27N0) Interest Expense : €0.00 Mil (TTM As of Jun. 2024)

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What is Cannovum Cannabis AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cannovum Cannabis AG's interest expense for the six months ended in Jun. 2024 was € 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €0.00 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. Cannovum Cannabis AG's Operating Income for the six months ended in Jun. 2024 was € -0.07 Mil. Cannovum Cannabis AG's Interest Expense for the six months ended in Jun. 2024 was € 0.00 Mil. Cannovum Cannabis AG has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Cannovum Cannabis AG Interest Expense Historical Data

The historical data trend for Cannovum Cannabis AG'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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Cannovum Cannabis AG Interest Expense Chart

Cannovum Cannabis AG Annual Data

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Interest Expense

Cannovum Cannabis AG Semi-Annual Data
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Cannovum Cannabis AG 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.00 Mil.

Cannovum Cannabis AG (XTER:27N0) 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.

Cannovum Cannabis AG's Interest Expense for the six months ended in Jun. 2024 was €0.00 Mil. Its Operating Income for the six months ended in Jun. 2024 was €-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €0.00 Mil.

Cannovum Cannabis AG's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Cannovum Cannabis AG had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Cannovum Cannabis AG has enough cash to cover all of its debt. Its financial situation is stable.

Cannovum Cannabis AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannovum Cannabis AG (XTER:27N0) » Definitions » Interest Expense

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27N0:Germany 27N0:Germany

Address

Rheinsberger Street 76/77, Berlin, BB, DEU, 10115

Website

https://www.cannovum.de

Cannovum Cannabis AG is a fully licensed pharmaceutical wholesaler, importer, and manufacturer of high-quality medical cannabis products based in Berlin. It focuses on the import of medical cannabis, medical-scientific education, and distribution for facilitated access to cannabis-based therapies.

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