Novus Acquisition & Development (Novus Acquisition & Development) Interest Expense : $ Mil (TTM As of Sep. 2023)

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

What is Novus Acquisition & Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Novus Acquisition & Development's interest expense for the three months ended in Sep. 2023 was $ 0.00 Mil. Novus Acquisition & Development does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Sep. 2023.

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. Novus Acquisition & Development's Operating Income for the three months ended in Sep. 2023 was $ 0.04 Mil. Novus Acquisition & Development's Interest Expense for the three months ended in Sep. 2023 was $ 0.00 Mil. Novus Acquisition & Development has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Novus Acquisition & Development Interest Expense Historical Data

The historical data trend for Novus Acquisition & Development'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.

Novus Acquisition & Development Interest Expense Chart

Novus Acquisition & Development Annual Data

Trend

Interest Expense

Novus Acquisition & Development Quarterly Data
	Sep22	Sep23
Interest Expense	-	-

Novus Acquisition & Development Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Novus Acquisition & Development (OTCPK:NDEV) 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.

Novus Acquisition & Development's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Sep. 2023 was $0.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.00 Mil.

Novus Acquisition & Development's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Novus Acquisition & Development had no long-term debt ⁽¹⁾.

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

Good Sign:

Novus Acquisition & Development Corp has no debt.

Novus Acquisition & Development (Novus Acquisition & Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Novus Acquisition & Development Corp (OTCPK:NDEV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2665 South Bayshore Drive, Suite 220, Miami, FL, USA, 33131

Website

https://www.getnovusnow.com

Novus Acquisition & Development Corp is a holding company operating through its subsidiaries. It offers health, life, and annuity insurance products and services. The company initiated its health insurance business model within the medical marijuana space, where it can render risk and non-risk insurance models. It operates throughout the United States.