Taiga Motors (TSX:TAIG) Interest Expense : C$-7.72 Mil (TTM As of Mar. 2024)

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What is Taiga Motors Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Taiga Motors's interest expense for the three months ended in Mar. 2024 was C$ -2.27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-7.72 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. Taiga Motors's Operating Income for the three months ended in Mar. 2024 was C$ -12.15 Mil. Taiga Motors's Interest Expense for the three months ended in Mar. 2024 was C$ -2.27 Mil. Taiga Motors 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.

Taiga Motors Interest Expense Historical Data

The historical data trend for Taiga Motors'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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Taiga Motors Interest Expense Chart

Taiga Motors Annual Data

Trend

May17

May18

May19

May20

Dec21

Dec22

Dec23

Interest Expense

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-0.04

-0.11

-0.73

-5.80

Taiga Motors Quarterly Data
	May18	May19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial														-0.35	-1.64	-1.72	-2.09	-2.27

Taiga Motors 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-7.72 Mil.

Taiga Motors (TSX:TAIG) 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.

Taiga Motors's Interest Expense for the three months ended in Mar. 2024 was C$-2.27 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-12.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$66.94 Mil.

Taiga Motors's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Taiga Motors did not have earnings to cover the interest expense.

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

Taiga Motors (TSX:TAIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Taiga Motors Corp (TSX:TAIG) » Definitions » Interest Expense

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TAIMF:USA

Address

2695 Dollard Avenue, LaSalle, Montreal, QC, CAN, H8N 2J8

Website

https://www.taigamotors.com

Taiga Motors Corp is a Canadian company focused on the production and delivery of all-electric vehicles. its activities of research and development, design, and marketing. Its product lineup includes electric snowmobiles and personal watercraft. Its geographic regions are Canada and the United states of America, and the majority of its revenue comes from Canada.

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