Borealis Foods (Borealis Foods) Interest Expense : $ Mil (TTM As of Dec. 2023)

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What is Borealis Foods Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Borealis Foods's interest expense for the six months ended in Dec. 2023 was $ 0.00 Mil. Borealis Foods does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 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. Borealis Foods's Operating Income for the six months ended in Dec. 2023 was $ -5.13 Mil. Borealis Foods's Interest Expense for the six months ended in Dec. 2023 was $ 0.00 Mil. Borealis Foods 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.

Borealis Foods Interest Expense Historical Data

The historical data trend for Borealis 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.

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Borealis Foods Interest Expense Chart

Borealis Foods Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.27

-3.22

Borealis Foods Semi-Annual Data
	Dec21	Dec22	Dec23
Interest Expense	-0.27	-3.22	-

Borealis Foods Interest Expense Calculation

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

Borealis Foods (NAS:BRLS) 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.

Borealis Foods's Interest Expense for the six months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-5.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $0.00 Mil.

Borealis Foods's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Borealis Foods had no long-term debt ⁽¹⁾.

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

Borealis Foods (Borealis Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Borealis Foods Inc (NAS:BRLS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1540 Cornwall Road, Suite 104, Oakville, ON, CAN, L6J7W5

Website

https://www.borealisfoods.com

Borealis Foods Inc is a food technology company that has developed high-quality, affordable, sustainable, and nutritious ready-to-eat meals. It is a mission-driven company committed to utilizing its products to help solve national and global food security and nutrition challenges. Its commitment to nutrition, affordability and sustainability reflects its goal of positively impacting both human life and the planet. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing advanced solutions to address global food challenges.

Borealis Foods (Borealis Foods) Headlines

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