Immersion (Immersion) Interest Expense : $-2.38 Mil (TTM As of Dec. 2023)

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What is Immersion Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Immersion's interest expense for the three months ended in Dec. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.38 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. Immersion's Operating Income for the three months ended in Dec. 2023 was $ 5.04 Mil. Immersion's Interest Expense for the three months ended in Dec. 2023 was $ 0.00 Mil. Immersion has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Immersion Interest Expense Historical Data

The historical data trend for Immersion'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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Immersion Interest Expense Chart

Immersion Annual Data

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Interest Expense

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Immersion Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.26	-	-	-2.38	-

Immersion 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.38 Mil.

Immersion (NAS:IMMR) 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.

Immersion's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was $5.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.00 Mil.

Immersion's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Immersion had no long-term debt ⁽¹⁾.

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

Immersion (Immersion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Immersion Corp (NAS:IMMR) » Definitions » Interest Expense

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IMV:Germany

Address

2999 N.E. 191st Street, Suite 610, Aventura, FL, USA, 33180

Website

https://www.immersion.com

Immersion Corp is focused on the creation, design, development, and licensing of innovative haptic technologies that allow people to use its sense of touch more fully as they engage with products and experience the digital world. The company's software focuses on applications in mobile devices, wearables, consumer, and gaming devices markets. It generates revenue from royalty and license fees, and development contract and service fees. Geographically, the company generates a majority of its revenue from Korea.

Executives

Aaron Akerman	officer: Chief Financial Officer	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
J Michael Dodson	officer: Chief Financial Officer	1220 N. SIMON CIRCLE, ANAHEIM CA 92806
Emily Hoffman	director	2999 N.E. 191ST STREET, SUITE 610, AVENTURA FL 33180
Francis Jose	officer: General Counsel	385 RIVER OAKS PARKWAY, APT # 2106, SAN JOSE CA 95134
Eric Singer	10 percent owner	323 SUNNY ISLES BLVD., SUITE 700, SUNNY ISLES BEACH FL 33160
William C Martin	officer: Chief Strategy Officer	C/O RAGING CAPITAL MANAGEMENT, LLC, TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553
Childress Frederick Wasch	director	330 TOWNSEND STREET, SUITE 234, SAN FRANCISCO CA 94107
Elias Nader	director	1778 MCCARTHY BLVD., C/O SIGMA DESIGNS, INC., MILPITAS CA 95035
Sumit Agarwal	director	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
Mary Dotz	director	280 N BERNARDO AVENUE, MOUNTAIN VIEW CA 94043
Jared Smith	officer: Interim CEO/VP Worldwide Sales	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
Viex Special Opportunities Fund Ii, Lp	10 percent owner	C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Michael Rudolf Okada	officer: General Counsel	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
Viex Opportunities Fund, Lp Series One	10 percent owner	C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Sharon E Holt	director	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134