Vencanna Ventures (XCNQ:VENI) Interest Expense : C$-0.21 Mil (TTM As of Jan. 2024)

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What is Vencanna Ventures Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vencanna Ventures's interest expense for the three months ended in Jan. 2024 was C$ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$-0.21 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. Vencanna Ventures's Operating Income for the three months ended in Jan. 2024 was C$ -0.21 Mil. Vencanna Ventures's Interest Expense for the three months ended in Jan. 2024 was C$ -0.06 Mil. Vencanna 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.

Vencanna Ventures Interest Expense Historical Data

The historical data trend for Vencanna 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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Vencanna Ventures Interest Expense Chart

Vencanna Ventures Annual Data

Trend

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Interest Expense

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-0.11

-0.15

-0.20

Vencanna Ventures Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.05	-0.05	-0.05	-0.06	-0.06

Vencanna 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.21 Mil.

Vencanna Ventures (XCNQ:VENI) 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.

Vencanna Ventures's Interest Expense for the three months ended in Jan. 2024 was C$-0.06 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$-0.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$1.70 Mil.

Vencanna Ventures's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

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

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

Vencanna Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vencanna Ventures Inc (XCNQ:VENI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

250 - 6th Avenue South West, Suite 310, Calgary, AB, CAN, T2P 3H7

Website

https://www.vencanna.com

Vencanna Ventures Inc aims to provide investors with a diversified, high-growth, cannabis investment strategy through strategic investments and acquisitions focused throughout the value chain (cultivation, processing, and distribution, including ancillary businesses.

Executives

Jonathan Robert Sharun	Senior Officer
William Scott Mcgregor	Director
David Gordon Mcgorman	Senior Officer

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