California Nanotechnologies (TSXV:CNO) Interest Expense : C$-0.13 Mil (TTM As of Nov. 2023)

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What is California Nanotechnologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. California Nanotechnologies's interest expense for the three months ended in Nov. 2023 was C$ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was C$-0.13 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. California Nanotechnologies's Operating Income for the three months ended in Nov. 2023 was C$ 0.46 Mil. California Nanotechnologies's Interest Expense for the three months ended in Nov. 2023 was C$ -0.04 Mil. California Nanotechnologies's Interest Coverage for the quarter that ended in Nov. 2023 was 12.18. 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.

California Nanotechnologies Interest Expense Historical Data

The historical data trend for California Nanotechnologies'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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California Nanotechnologies Interest Expense Chart

California Nanotechnologies Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

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Feb23

Interest Expense

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-0.09

-0.08

-0.10

-0.15

California Nanotechnologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Expense	Get a 7-Day Free Trial															-0.05	-0.02	-0.04	-0.04	-0.04

California Nanotechnologies 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.13 Mil.

California Nanotechnologies (TSXV:CNO) 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.

California Nanotechnologies's Interest Expense for the three months ended in Nov. 2023 was C$-0.04 Mil. Its Operating Income for the three months ended in Nov. 2023 was C$0.46 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was C$1.80 Mil.

California Nanotechnologies's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	0.463	/	-0.038
	=	12.18

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

California Nanotechnologies (TSXV:CNO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » California Nanotechnologies Corp (TSXV:CNO) » Definitions » Interest Expense

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CANOF:USA

Address

900, 517 - 10th Avenue S.W., Calgary, AB, CAN, T2R 0A8

Website

https://www.calnanocorp.com

California Nanotechnologies Corp engages in the production, and research and development of nanostructured components and materials. Its products include precision forged components, thermal spray powders, nano light alloy powders, nanoalloy billets, nano superalloy powders, cemented carbides, and tooling. The company products are used in Aerospace, Defense, Automotive, Medical, and Sport and Recreation industries.