Tantalus Systems Holding (TSX:GRID) Interest Expense : C$-1.99 Mil (TTM As of Mar. 2024)

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What is Tantalus Systems Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tantalus Systems Holding's interest expense for the three months ended in Mar. 2024 was C$ -0.59 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-1.99 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. Tantalus Systems Holding's Operating Income for the three months ended in Mar. 2024 was C$ -1.63 Mil. Tantalus Systems Holding's Interest Expense for the three months ended in Mar. 2024 was C$ -0.59 Mil. Tantalus Systems Holding 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.

Tantalus Systems Holding Interest Expense Historical Data

The historical data trend for Tantalus Systems Holding'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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Tantalus Systems Holding Interest Expense Chart

Tantalus Systems Holding Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.68

-1.29

-1.82

Tantalus Systems Holding Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-0.43	-0.42	-0.47	-0.51	-0.59

Tantalus Systems Holding 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$-1.99 Mil.

Tantalus Systems Holding (TSX:GRID) 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.

Tantalus Systems Holding's Interest Expense for the three months ended in Mar. 2024 was C$-0.59 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-1.63 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$6.33 Mil.

Tantalus Systems Holding's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Tantalus Systems Holding did not have earnings to cover the interest expense.

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

Tantalus Systems Holding (TSX:GRID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tantalus Systems Holding Inc (TSX:GRID) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TNTLF:USA

Address

3555 Gilmore Way, Suite 200, Burnaby, BC, CAN, V5G 0B3

Website

https://www.tantalus.com

Tantalus Systems Holding Inc Canada-based company engaged in developing and delivering purpose-built smart grid solutions for public power and electric cooperative utilities. Its segments include the Connected Devices and Infrastructure Segment and Utility Software Applications and Services, and the majority of the revenue comes from Utility Software Applications and Services. Geographic regions are the United States, Canada, and Others, and the majority of the revenue comes from the United States.

Executives

Peter Londa

Director, Senior Officer