Asta Funding (Asta Funding) Interest Expense : $-0.00 Mil (TTM As of Jun. 2020)

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What is Asta Funding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asta Funding's interest expense for the three months ended in Jun. 2020 was $ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2020 was $-0.00 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. Asta Funding's Operating Income for the three months ended in Jun. 2020 was $ 0.13 Mil. Asta Funding's Interest Expense for the three months ended in Jun. 2020 was $ -0.00 Mil. Asta Funding's Interest Coverage for the quarter that ended in Jun. 2020 was 128.00. 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.

Asta Funding Interest Expense Historical Data

The historical data trend for Asta Funding'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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Asta Funding Interest Expense Chart

Asta Funding Annual Data

Trend

Sep10

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Sep12

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Sep19

Interest Expense

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-0.24

-0.02

Asta Funding Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Asta Funding 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 Jun. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.00 Mil.

Asta Funding (NAS:ASFI) 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.

Asta Funding's Interest Expense for the three months ended in Jun. 2020 was $-0.00 Mil. Its Operating Income for the three months ended in Jun. 2020 was $0.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2020 was $1.49 Mil.

Asta Funding's Interest Coverage for the quarter that ended in Jun. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2020 )	/	Interest Expense (Q: Jun. 2020 )
	=	-1	*	0.128	/	-0.001
	=	128.00

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

Asta Funding (Asta Funding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Asta Funding Inc (NAS:ASFI) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

210 Sylvan Avenue, Englewood Cliffs, NJ, USA, 07632

Website

http://www.astafunding.com

Asta Funding Inc is a US-based company engaged in the business of acquiring, managing, servicing and recovering on portfolios of consumer receivables. It has organized its business into three segments: Consumer Receivables, Personal Injury Claims, Social Security Disability Advocacy. Its business activity involves purchasing, managing for its own account and servicing distressed consumer receivables, including charged-off receivables, semi-performing receivables and performing receivables, purchasing interests in personal injury claims from claimants who are a party to personal injury litigation, purchasing periodic structured settlements and annuity policies from individuals in exchange for a lump sum payment.

Executives

Gary Stern	director, officer: President and CEO	210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
David S Slackman	director
Louis A Piccolo	director	C/O ASTA FUNDING, INC. 210 SYLVAN AVENUE ENGLEWOOD NJ 07632
Seth Berman	officer: Secretary & General Counsel	C/O ASTA FUNDING 210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
Ricky Stern	10 percent owner, officer: Senior Vice President	210 SYLVAN AVENUE ENGELWOOD CLIFFS NJ 07632
Steven Leidenfrost	officer: Chief Financial Officer	C/O ASTA FUNDING, INC. 210 SYLVAN AVENUE, SUITE 1 ENGLEWOOD CLIFFS NJ 07632
Michael R. Monteleone	director	210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
Timothy H. Bishop	director	210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
Mark Levenfus	director	ASTA FUNDING INC. 210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
Mangrove Partners Fund (cayman), Ltd.	10 percent owner	MAPLES CORP. SVCS, PO BOX 309, UGLAND HOUSE, S. CHURCH STREET, GEORGE TOWN E9 KY1-1104
Mangrove Partners Master Fund, Ltd.	10 percent owner	645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022
Nathaniel H. August	10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Capital Mangrove	10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Mangrove Partners Fund, L.p.	10 percent owner	645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Partners Mangrove	10 percent owner	645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022