POSaBIT Systems (XCNQ:PBIT) Interest Expense : C$-1.13 Mil (TTM As of Dec. 2023)

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What is POSaBIT Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. POSaBIT Systems's interest expense for the three months ended in Dec. 2023 was C$ -0.37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-1.13 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. POSaBIT Systems's Operating Income for the three months ended in Dec. 2023 was C$ -5.92 Mil. POSaBIT Systems's Interest Expense for the three months ended in Dec. 2023 was C$ -0.37 Mil. POSaBIT Systems 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.

POSaBIT Systems Interest Expense Historical Data

The historical data trend for POSaBIT Systems'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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POSaBIT Systems Interest Expense Chart

POSaBIT Systems Annual Data

Trend

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.09

-0.23

-0.22

-0.37

-1.13

POSaBIT Systems Quarterly Data
	Jan19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.12	-0.10	-0.26	-0.40	-0.37

POSaBIT Systems 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.13 Mil.

POSaBIT Systems (XCNQ:PBIT) 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.

POSaBIT Systems's Interest Expense for the three months ended in Dec. 2023 was C$-0.37 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-5.92 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$5.98 Mil.

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

POSaBIT Systems did not have earnings to cover the interest expense.

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

POSaBIT Systems (XCNQ:PBIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » POSaBIT Systems Corp (XCNQ:PBIT) » Definitions » Interest Expense

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POSAF:USA

Address

11915 124th Ave NE, Kirkland, WA, USA, 98034

Website

https://www.posabit.com

POSaBIT Systems Corp is a financial technology company. The company involves the point-of-sale arrangements designed to offer consumers an easy way to purchase goods and services. The company offers Payment Services and Point-of-Sale (POS) Services. The majority of its revenue comes from Payment Services, which generates revenues via setup costs, hardware costs, transaction fees, and convenience fees. Its geographical segments are Canada and the United States, of which all of its revenues come from the United States.

Executives

Alex Sharp

10% Security Holder

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