American Virtual Cloud Technologies (American Virtual Cloud Technologies) Interest Expense : $-11.21 Mil (TTM As of Mar. 2023)

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What is American Virtual Cloud Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. American Virtual Cloud Technologies's interest expense for the three months ended in Mar. 2023 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-11.21 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. American Virtual Cloud Technologies's Operating Income for the three months ended in Mar. 2023 was $ -8.64 Mil. American Virtual Cloud Technologies's Interest Expense for the three months ended in Mar. 2023 was $ -0.01 Mil. American Virtual Cloud Technologies did not have earnings to cover the interest expense. 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.

American Virtual Cloud Technologies Interest Expense Historical Data

The historical data trend for American Virtual Cloud Technologies'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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American Virtual Cloud Technologies Interest Expense Chart

American Virtual Cloud Technologies Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Interest Expense

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-31.71

-20.36

American Virtual Cloud Technologies Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-9.17	-1.10	-10.01	-0.09	-0.01

American Virtual Cloud Technologies 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.21 Mil.

American Virtual Cloud Technologies (OTCPK:AVCTQ) 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.

American Virtual Cloud Technologies's Interest Expense for the three months ended in Mar. 2023 was $-0.01 Mil. Its Operating Income for the three months ended in Mar. 2023 was $-8.64 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $0.00 Mil.

American Virtual Cloud Technologies's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

American Virtual Cloud Technologies did not have earnings to cover the interest expense.

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

American Virtual Cloud Technologies (American Virtual Cloud Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » American Virtual Cloud Technologies Inc (OTCPK:AVCTQ) » Definitions » Interest Expense

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Address

1720 Peachtree Street, Suite 629, Atlanta, GA, USA, 30309

Website

https://www.avctechnologies.com

American Virtual Cloud Technologies Inc is engaged in the business of providing IT solutions. The company, along with its subsidiaries, offers various services like private & hybrid data centers, enterprise networking solutions, unified cloud communications, managed services, cybersecurity, and enhanced connectivity. It caters its services to different sectors such as Energy, Finance, Healthcare, Manufacturing & logistics, Public sector, Retail and hospitality, Technology service providers, and Others. It has two segments Computex and Kandy. Geographically, it generates the majority of its revenue from the domestic market.

Executives

Charles E. Sweet	director	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Ribbon Communications Inc.	10 percent owner	6500 CHASE OAKS BOULEVARD, PLANO TX 75023
Adrian Foltz	officer: Chief Financial Officer	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Onex Evans	officer: Chief Accounting Officer	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Michael Tessler	director	C/O BROADSOFT, INC., 220 PERRY PARKWAY, GAITHERSBURG MD 20877
Mock Lawrence E, Jr.	director	ONE BUCKHEAD PLAZA, 3060 PEACHTREE RD, SUITE 780, ATLANTA GA 30305
Dennis P Lockhart	director	100 GOLF ROAD, GOLF IL 60029
Pensare Sponsor Group, Llc	10 percent owner	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Spac Opportunity Fund I, L.p.	10 percent owner	2870 PEACHTREE ROAD NW, SUITE 509, ATLANTA GA 30305
Navigation Capital Partners, Inc.	10 percent owner	2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Navigation Capital Partners Ii, L.p.	10 percent owner	2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Stratos Management Systems Holdings Llc	10 percent owner	2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Kevin Keough	officer: President	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Robert E. Willis	director	C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Spac Opportunity Partners, Llc	10 percent owner	2870 PEACHTREE ROAD NW, SUITE 509, ATLANTA GA 30305