Ocumetics Technology (TSXV:OTC) Interest Expense : C$-0.03 Mil (TTM As of Mar. 2024)

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What is Ocumetics Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ocumetics Technology's interest expense for the three months ended in Mar. 2024 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.03 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. Ocumetics Technology's Operating Income for the three months ended in Mar. 2024 was C$ -0.62 Mil. Ocumetics Technology's Interest Expense for the three months ended in Mar. 2024 was C$ -0.01 Mil. Ocumetics Technology 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.

Ocumetics Technology Interest Expense Historical Data

The historical data trend for Ocumetics Technology'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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Ocumetics Technology Interest Expense Chart

Ocumetics Technology Annual Data

Trend

Jul20

Jul21

Dec22

Dec23

Interest Expense

-0.03

Ocumetics Technology Quarterly Data
	Jul20	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial							-0.01	-0.01	-0.01	-0.01	-0.01

Ocumetics Technology 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$-0.03 Mil.

Ocumetics Technology (TSXV:OTC) 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.

Ocumetics Technology's Interest Expense for the three months ended in Mar. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.33 Mil.

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

Ocumetics Technology did not have earnings to cover the interest expense.

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

Ocumetics Technology (TSXV:OTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Ocumetics Technology Corp (TSXV:OTC) » Definitions » Interest Expense

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OTCFF:USA

Address

639 - 5th Avenue S.W., Suite 1250, Calgary, AB, CAN, T2P 0M9

Website

https://www.ocumetics.com

Ocumetics Technology Corp is a Canadian-based research and product development company. The company is engaged in developing an accommodating intraocular lens to eliminate the need for corrective lenses, especially for people over 45 years of age.

Executives

Roger Jewett

Director, Senior Officer

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