Spot Coffee (Canada) (TSXV:SPP) Interest Expense : C$-0.34 Mil (TTM As of Sep. 2023)

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What is Spot Coffee (Canada) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spot Coffee (Canada)'s interest expense for the three months ended in Sep. 2023 was C$ -0.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was C$-0.34 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. Spot Coffee (Canada)'s Operating Income for the three months ended in Sep. 2023 was C$ 0.01 Mil. Spot Coffee (Canada)'s Interest Expense for the three months ended in Sep. 2023 was C$ -0.14 Mil. Spot Coffee (Canada)'s Interest Coverage for the quarter that ended in Sep. 2023 was 0.05. 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.

Spot Coffee (Canada) Interest Expense Historical Data

The historical data trend for Spot Coffee (Canada)'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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Spot Coffee (Canada) Interest Expense Chart

Spot Coffee (Canada) Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.18

-0.40

-0.60

-0.23

-0.44

Spot Coffee (Canada) Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.12	-0.09	-0.11	-0.09	-0.14

Spot Coffee (Canada) 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.34 Mil.

Spot Coffee (Canada) (TSXV:SPP) 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.

Spot Coffee (Canada)'s Interest Expense for the three months ended in Sep. 2023 was C$-0.14 Mil. Its Operating Income for the three months ended in Sep. 2023 was C$0.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was C$3.45 Mil.

Spot Coffee (Canada)'s Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	0.007	/	-0.142
	=	0.05

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

Spot Coffee (Canada) (TSXV:SPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Spot Coffee (Canada) Ltd (TSXV:SPP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SCFFF:USA

Address

141, Adelaide Street West, Suite 1007, Toronto, ON, CAN, M5H 3L5

Website

https://www.spotcoffee.com

Spot Coffee (Canada) Ltd is a Canada-based company that designs, builds, and operates community-oriented cafes. It provides customer service, light meals, and in-house roasted gourmet coffee. The company's geographical segments include Canada and the United States of America. It derives a majority of revenue from the United States of America. The company generates maximum revenue from retail sales.

Executives

Anton Michel Ayoub

Director, Senior Officer

Spot Coffee (Canada) (TSXV:SPP) Headlines

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