Xeriant (Xeriant) Interest Expense : $-0.91 Mil (TTM As of Mar. 2024)

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What is Xeriant Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xeriant's interest expense for the three months ended in Mar. 2024 was $ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.91 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. Xeriant's Operating Income for the three months ended in Mar. 2024 was $ -0.35 Mil. Xeriant's Interest Expense for the three months ended in Mar. 2024 was $ -0.03 Mil. Xeriant 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.

Xeriant Interest Expense Historical Data

The historical data trend for Xeriant'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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Xeriant Interest Expense Chart

Xeriant Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.28

-0.37

-0.32

-4.77

-0.47

Xeriant Quarterly Data
	Jun19	Sep19	Dec19	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															-0.02	-0.01	-0.02	-0.85	-0.03

Xeriant 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 $-0.91 Mil.

Xeriant (OTCPK:XERI) 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.

Xeriant's Interest Expense for the three months ended in Mar. 2024 was $-0.03 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

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

Xeriant did not have earnings to cover the interest expense.

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

Xeriant (Xeriant) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Xeriant Inc (OTCPK:XERI) » Definitions » Interest Expense

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Address

3998 FAU Boulevard, Suite 309, Innovation Centre No.1, Boca Raton, FL, USA, 33431

Website

https://www.xeriant.com

Xeriant Inc is a holding and operating company focused on acquiring, developing, and commercializing revolutionary, eco-friendly technologies with applications in aerospace, including innovative aircraft concepts targeting emerging opportunities within the aviation industry. In 2019, Xeriant acquired a unique, scalable, multi-purpose VTOL aerial platform called Halo, which is protected under a broad utility patent. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport.

Executives

Edward C. Defeudis	director	604 ARIZONA AVENUE, SANTA MONICA CA 90401
Brendan Macpherson	director, 10 percent owner, officer: Chief Executive Officer	76 WILLIAM ST, PADDINGTON C3 2021
Macpherson Belinda Storelli	director, 10 percent owner, officer: Chief Creative Officer	76 WILLIAM ST., PADDINGTON C3 2021
Raymond Key	10 percent owner	396 FRANKTON-LADIES MILE HIGHWAY, QUEENSTOWN Q2 9304
Richard C Fox	director, officer: Interim CEO: Interim CFO	131 COURT ST. #11, EXETER NH 03833
Randy S Bayne	officer: President, Encom Group, Inc.
Aqmen Family Holdings, Llc	10 percent owner	13403 OAK ALLEY LANE, CYPRESS TX 77429
Eman Mark Van	10 percent owner, officer: See Remark Below	13403 OAK ALLEY LANE, CYPRESS TX 77429
Bradley W Miller	director, 10 percent owner, officer: CEO	BLOCK C FLAT 410, LOTUS HILL GOLF APTS., LOTUS HILL TOWN, PANYU DISTRICT, GUANGZHOU F4 511440
Nicole Machelle Stacy	officer: Secretary	3330 EAST 36TH, APT. #18, TULSA OK 74035