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Armada Mercantile (XCNQ:ARM) Interest Expense : C$-0.15 Mil (TTM As of Nov. 2023)


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What is Armada Mercantile Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Armada Mercantile's interest expense for the three months ended in Nov. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was C$-0.15 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 Mercantile's Operating Income for the three months ended in Nov. 2023 was C$ -0.04 Mil. Armada Mercantile's Interest Expense for the three months ended in Nov. 2023 was C$ 0.00 Mil. Armada Mercantile 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.

Armada Mercantile Interest Expense Historical Data

The historical data trend for Armada Mercantile'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.

Armada Mercantile Interest Expense Chart

Armada Mercantile Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.01 -0.01 - -

Armada Mercantile Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.12 -0.09 - -0.05 -

Armada Mercantile 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.15 Mil.

* 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.

Armada Mercantile  (XCNQ:ARM) Interest Expense Explanation

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. The higher, the better.

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

Armada Mercantile's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Armada Mercantile had no long-term debt (1).

* 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.

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

Armada Mercantile (XCNQ:ARM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Armada Mercantile Ltd (XCNQ:ARM) » Definitions » Interest Expense
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Traded in Other Exchanges
AAMTF:USA
Address
1616 West 3rd Avenue, Suite 100, Vancouver, BC, CAN, V6J 1K2
Website
https://www.armadamercantile.com
Armada Mercantile Ltd is engaged in the business of investing in new and existing businesses and organizations. The company is a financial services company that focuses on merchant banking through its wholly-owned subsidiary Armada Group USA, Inc. The company, through its investment in Oxygen Funding, Inc. which offers commercial finance services to companies; internationally, including account receivables "factoring", supply chain, equipment leasing, merchant cash advance and purchase order and other types of specialized finance.