DeFi Technologies (NEOE:DEFI) Interest Expense : C$-4.61 Mil (TTM As of Mar. 2024)

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What is DeFi Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. DeFi Technologies's interest expense for the three months ended in Mar. 2024 was C$ -1.74 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-4.61 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. DeFi Technologies's Operating Income for the three months ended in Mar. 2024 was C$ -10.52 Mil. DeFi Technologies's Interest Expense for the three months ended in Mar. 2024 was C$ -1.74 Mil. DeFi Technologies 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.

DeFi Technologies Interest Expense Historical Data

The historical data trend for DeFi Technologies'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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DeFi Technologies Interest Expense Chart

DeFi Technologies Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-1.19

-4.01

-4.16

DeFi Technologies 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															-1.29	-0.28	-1.08	-1.52	-1.74

DeFi Technologies 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$-4.61 Mil.

DeFi Technologies (NEOE:DEFI) 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.

DeFi Technologies's Interest Expense for the three months ended in Mar. 2024 was C$-1.74 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-10.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

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

DeFi Technologies did not have earnings to cover the interest expense.

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

DeFi Technologies (NEOE:DEFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » DeFi Technologies Inc (NEOE:DEFI) » Definitions » Interest Expense

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DEFTF:USA R9B:Germany

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.valour.com

DeFi Technologies Inc formerly Valour Inc is a Canadian technology company bridging the gap between traditional capital markets and decentralized finance. The Company generates revenues through the issuance of exchange-traded products that synthetically track the value of a single DeFi protocol, investments in various companies, and protocols across the decentralized finance ecosystem to build a diversified portfolio of decentralized finance assets and offering node management of decentralized protocols to support governance, security and transaction validation. The Company has 3 operating business segments; Canada, Bermuda, and the Cayman Islands.

Executives

Wouter Witvoet

Senior Officer