riverstears
New member
So I want to understand balance sheets and company financials so I can know if they are in debt, if they getting money from interest etc...
Lets use this company as an example: https://finance.yahoo.com/quote/AITX/
If I go to financials > income statement > and search with quarterly
I see their interest is in the negative
Net Interest Income
-4,043 -1,076 -1,180 -529.484 -1,258 -825.504
So their most recent quarter they have net interest income of -4,045 does that mean they are getting less interest or what does the negative number mean?
I know if we are looking at something like revenue and we see its negative it means they are losing money. Also why talking about revenue here is their total revenue
119.7
Side question:
I am new to the stockmarket, but yahoo says "All numbers in thousands"
So is 119.7 like they made a profit of $119? Or what is that number do I add 3 zeros to it and becomes 119.7,000 doesn't make sense haha sorry if I am being dumb!
Just to be sure what about a number like 8,728 is that like $8,728? Thanks!
Kind of going off topic now back to main question
If interest income is in the negative what does that mean to a company? They are not getting money from interest and its haram?
Lets use this company as an example: https://finance.yahoo.com/quote/AITX/
If I go to financials > income statement > and search with quarterly
I see their interest is in the negative
Net Interest Income
-4,043 -1,076 -1,180 -529.484 -1,258 -825.504
So their most recent quarter they have net interest income of -4,045 does that mean they are getting less interest or what does the negative number mean?
I know if we are looking at something like revenue and we see its negative it means they are losing money. Also why talking about revenue here is their total revenue
119.7
Side question:
I am new to the stockmarket, but yahoo says "All numbers in thousands"
So is 119.7 like they made a profit of $119? Or what is that number do I add 3 zeros to it and becomes 119.7,000 doesn't make sense haha sorry if I am being dumb!
Just to be sure what about a number like 8,728 is that like $8,728? Thanks!
Kind of going off topic now back to main question
TLDR
If interest income is in the negative what does that mean to a company? They are not getting money from interest and its haram?