Armada Data (TSXV:ARD) Interest Expense : C$-0.00 Mil (TTM As of Feb. 2024)

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What is Armada Data Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Armada Data's interest expense for the three months ended in Feb. 2024 was C$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-0.00 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. Armada Data's Operating Income for the three months ended in Feb. 2024 was C$ 0.03 Mil. Armada Data's Interest Expense for the three months ended in Feb. 2024 was C$ -0.00 Mil. Armada Data's Interest Coverage for the quarter that ended in Feb. 2024 was 26.00. 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.

Armada Data Interest Expense Historical Data

The historical data trend for Armada Data'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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Armada Data Interest Expense Chart

Armada Data Annual Data

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Interest Expense

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-0.01

Armada Data Quarterly Data
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Armada Data 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.00 Mil.

Armada Data (TSXV:ARD) 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.

Armada Data's Interest Expense for the three months ended in Feb. 2024 was C$-0.00 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$0.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.18 Mil.

Armada Data's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	0.026	/	-0.001
	=	26.00

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

Armada Data (TSXV:ARD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Armada Data Corp (TSXV:ARD) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

5080 Timberlea Boulevard, Suite 215, Mississauga, ON, CAN, L4W 4M2

Website

https://www.armadadata.com

Armada Data Corp is primarily involved in the accumulation and sale of data related to the purchase of new and used vehicles. The reportable segments of the company are Insurance services, CarCost Canada, and information technology services. The company generates the majority of revenue from Insurance services.

Executives

Glenn Hrabovsky

Director