Lotus Ventures (XCNQ:J) Interest Expense : C$-0.26 Mil (TTM As of Aug. 2023)

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What is Lotus Ventures Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lotus Ventures's interest expense for the three months ended in Aug. 2023 was C$ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was C$-0.26 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. Lotus Ventures's Operating Income for the three months ended in Aug. 2023 was C$ -0.57 Mil. Lotus Ventures's Interest Expense for the three months ended in Aug. 2023 was C$ -0.07 Mil. Lotus Ventures 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.

Lotus Ventures Interest Expense Historical Data

The historical data trend for Lotus Ventures'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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Lotus Ventures Interest Expense Chart

Lotus Ventures Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Interest Expense

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-0.08

-0.05

-0.18

Lotus Ventures Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Interest Expense	Get a 7-Day Free Trial															-0.13	-0.06	-0.06	-0.06	-0.07

Lotus Ventures 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 Aug. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.26 Mil.

Lotus Ventures (XCNQ:J) 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.

Lotus Ventures's Interest Expense for the three months ended in Aug. 2023 was C$-0.07 Mil. Its Operating Income for the three months ended in Aug. 2023 was C$-0.57 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2023 was C$0.00 Mil.

Lotus Ventures's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Lotus Ventures did not have earnings to cover the interest expense.

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

Lotus Ventures (XCNQ:J) Business Description

Industry

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LV9:Germany

Address

1030 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.lotuscannabis.ca

Lotus Ventures Inc is a licensed cannabis producer that serves customers in Canada. The company created a purpose-built facility with proprietary standard operating procedures to reliably produce rare and high-quality strains of cannabis for consumers looking for a consistent experience.

Executives

Gary Kenneth Mathiesen

Senior Officer