Lexaria Bioscience Corp.

NasdaqCM LEXX

Lexaria Bioscience Corp. Interest Coverage Ratio for the Trailing 12 Months (TTM) ending November 30, 2024: -7,281,662.00

Lexaria Bioscience Corp. Interest Coverage Ratio is -7,281,662.00 for the Trailing 12 Months (TTM) ending November 30, 2024. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.
  • Lexaria Bioscience Corp. Interest Coverage Ratio for the Trailing 12 Months (TTM) ending November 30, 2022 was -7,108,469.00.
Key data
Date Interest Coverage Ratio Debt to Equity Ratio Interest Expense To Sales Inventory Turnover Ratio
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NasdaqCM: LEXX

Lexaria Bioscience Corp.

CEO Mr. Michael Shankman CPA
IPO Date Jan. 12, 2021
Location Canada
Headquarters 100 – 740 McCurdy Road
Employees 5
Sector Health Care
Industries
Description

Lexaria Bioscience Corp. operates as a biotechnology company. Its patented drug delivery technology, DehydraTECH, improves the way active pharmaceutical ingredients enter the bloodstream by promoting effective oral delivery. The company's DehydraTECH has demonstrated the ability to increase bio-absorption with cannabinoids and nicotine by 5-10x and in some instances with cannabinoids by 27x compared to standard industry formulations, reduce time of onset from 1 - 2 hours to minutes, and mask unwanted tastes; and is also being evaluated for orally administered anti-viral drugs, non-steroidal anti-inflammatory drugs (NSAIDs), PDE5 inhibitors, and others. DehydraTECH also deliver drugs effectively across the blood brain barrier. It operates a licensed in-house research laboratory and holds intellectual property portfolio with 23 patents granted and approximately 50 patents pending worldwide. Lexaria Bioscience Corp. was incorporated in 2004 and is headquartered in Kelowna, Canada.

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StockViz Staff

January 15, 2025

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