Loop Industries Inc
Company Overview
Loop Industries is a technology company focused on sustainable plastic manufacturing. They have developed a proprietary depolymerization technology that breaks down PET plastic and polyester fiber waste into their base chemical building blocks, which can then be reused to create virgin-quality PET plastic. This process enables infinite plastic recycling without degradation in quality.
The company aims to address the global plastic waste crisis through their innovative recycling technology. Their business model involves partnering with major consumer packaged goods companies and other industrial partners to provide sustainable plastic solutions.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Nov. 30, 2024 | $52000.0 | $12.23m | - | $110000.0 | 0.00% | 0.90% |
| Aug. 31, 2024 | $23000.0 | $4.55m | - | $-119000.0 | 0.00% | 2.62% |
| May 31, 2024 | $6000.0 | $5.22m | - | $-60000.0 | 0.00% | 1.15% |
Company Impact
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