Modern Plant Based Foods (XCNQ:MEAT) Interest Expense : C$-0.05 Mil (TTM As of Feb. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Modern Plant Based Foods Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Modern Plant Based Foods's interest expense for the three months ended in Feb. 2024 was C$ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-0.05 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. Modern Plant Based Foods's Operating Income for the three months ended in Feb. 2024 was C$ -0.11 Mil. Modern Plant Based Foods's Interest Expense for the three months ended in Feb. 2024 was C$ -0.02 Mil. Modern Plant Based Foods 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.

Modern Plant Based Foods Interest Expense Historical Data

The historical data trend for Modern Plant Based Foods'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.

* Premium members only.

Modern Plant Based Foods Interest Expense Chart

Modern Plant Based Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Aug20

Aug21

Aug22

Aug23

Interest Expense

Get a 7-Day Free Trial

-0.05

-0.03

Modern Plant Based Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.01	-0.02

Modern Plant Based Foods 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.05 Mil.

Modern Plant Based Foods (XCNQ:MEAT) 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.

Modern Plant Based Foods's Interest Expense for the three months ended in Feb. 2024 was C$-0.02 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-0.11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.53 Mil.

Modern Plant Based Foods's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Modern Plant Based Foods did not have earnings to cover the interest expense.

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

Modern Plant Based Foods (XCNQ:MEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (XCNQ:MEAT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MDRNF:USA L3OP:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.themodernmeat.com

Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

Modern Plant Based Foods (XCNQ:MEAT) Headlines

No Headlines