BluMetric Environmental (TSXV:BLM) Interest Expense : C$-0.19 Mil (TTM As of Dec. 2023)

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What is BluMetric Environmental Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BluMetric Environmental's interest expense for the three months ended in Dec. 2023 was C$ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.19 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. BluMetric Environmental's Operating Income for the three months ended in Dec. 2023 was C$ 0.44 Mil. BluMetric Environmental's Interest Expense for the three months ended in Dec. 2023 was C$ -0.06 Mil. BluMetric Environmental's Interest Coverage for the quarter that ended in Dec. 2023 was 7.03. 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.

BluMetric Environmental Interest Expense Historical Data

The historical data trend for BluMetric Environmental'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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BluMetric Environmental Interest Expense Chart

BluMetric Environmental Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.44

-0.47

-0.28

-0.09

-0.16

BluMetric Environmental Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.03	-0.04	-0.04	-0.04	-0.06

BluMetric Environmental 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.19 Mil.

BluMetric Environmental (TSXV:BLM) 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.

BluMetric Environmental's Interest Expense for the three months ended in Dec. 2023 was C$-0.06 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$0.44 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$2.54 Mil.

BluMetric Environmental's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.436	/	-0.062
	=	7.03

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

BluMetric Environmental (TSXV:BLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » BluMetric Environmental Inc (TSXV:BLM) » Definitions » Interest Expense

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SEPOF:USA

Address

1682 Woodward Drive, Ottawa, ON, CAN, K2C 3R8

Website

http://www.blumetric.ca

BluMetric Environmental Inc is an integrated product and service organization. It principally provides sustainable solutions for complex environmental issues. It serves clients in many industrial sectors, and at all levels of government, both domestically and internationally. The organization offers services and solutions such as environmental earth sciences and engineering; contaminated site remediation; water resource management; industrial hygiene; occupational health and safety; and water and wastewater design-build and pre-engineered solutions. It operates in Canada and internationally, of which the majority of the revenue is derived from the operations in Canada.

Executives

John Daniel Hilton

Senior Officer

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