Groove Botanicals (Groove Botanicals) Interest Expense : $-0.01 Mil (TTM As of Sep. 2023)

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What is Groove Botanicals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Groove Botanicals's interest expense for the six months ended in Sep. 2023 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.01 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. Groove Botanicals's Operating Income for the six months ended in Sep. 2023 was $ -0.10 Mil. Groove Botanicals's Interest Expense for the six months ended in Sep. 2023 was $ -0.01 Mil. Groove Botanicals 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.

Groove Botanicals Interest Expense Historical Data

The historical data trend for Groove Botanicals'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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Groove Botanicals Interest Expense Chart

Groove Botanicals Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Interest Expense

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-0.13

-0.09

-0.04

-0.02

-0.01

Groove Botanicals Semi-Annual Data
	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Sep22	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.07	-0.01

Groove Botanicals 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.01 Mil.

Groove Botanicals (OTCPK:GRVE) 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.

Groove Botanicals's Interest Expense for the six months ended in Sep. 2023 was $-0.01 Mil. Its Operating Income for the six months ended in Sep. 2023 was $-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $0.00 Mil.

Groove Botanicals's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Groove Botanicals did not have earnings to cover the interest expense.

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