WidePoint (WidePoint) Interest Expense : $-0.2 Mil (TTM As of Dec. 2023)

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What is WidePoint Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. WidePoint's interest expense for the three months ended in Dec. 2023 was $ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.2 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. WidePoint's Operating Income for the three months ended in Dec. 2023 was $ -1.1 Mil. WidePoint's Interest Expense for the three months ended in Dec. 2023 was $ -0.1 Mil. WidePoint 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.

WidePoint Interest Expense Historical Data

The historical data trend for WidePoint'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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WidePoint Interest Expense Chart

WidePoint Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.31

-0.30

-0.27

-0.26

-0.24

WidePoint 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															-0.07	-0.06	-0.06	-0.07	-0.06

WidePoint 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 $-0.2 Mil.

WidePoint (AMEX:WYY) 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.

WidePoint's Interest Expense for the three months ended in Dec. 2023 was $-0.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-1.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4.1 Mil.

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

WidePoint did not have earnings to cover the interest expense.

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

WidePoint (WidePoint) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WidePoint Corp (AMEX:WYY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ZMX1:Germany

Address

11250 Waples Mill Road, Suite 210, South Tower, Fairfax, VA, USA, 22030

Website

https://www.widepoint.com

WidePoint Corp is a provider of Technology Management as a Service (TMaaS) that consists of federally certified communications management, identity management, interactive bill presentment and analytics, and Information Technology as a Service solution. Its solutions include Telecom Lifecycle Management, Digital billing communications solutions, and Mobile and Identity management. Geographic regions are North America and Europe, and the majority of the revenue comes from North America.

Executives

James Bernard Rice	director	11250 WAPLES MILL ROAD, SOUTH TOWER, SUITE 210, FAIRFAX VA 22030
Julia A Bowen	director	7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22012
Ian Sparling	officer: CEO, Soft-Ex	7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102
Robert J George	officer: Chief Financial Officer
John J Fitzgerald	director	2000 EDMUND HALLEY DR, RESTON VA 20191
Jason Holloway	officer: EVP and Chief Sales and Market	C/O 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102
Todd Dzyak	officer: COO	11250 WAPLES MILL ROAD, SOUTH TOWER 210, FAIRFAX VA 22030
Philip N Garfinkle	director	C/O WIDEPOINT CORPORATION, 11250 WAPLES MILL ROAD, SUITE 210, FAIRFAX VA 22030
Jin Kang	officer: President - iSYS, LLC	1163 DALEVIEW DRIVE, MCLEAN VA 22102
Otto J Guenther	director	8611 CROSS OAKS LN, FAIRFAX STATION VA 22039
Richard L Todaro	director	C/O GREAT AMERICAN GROUP, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
Kellie H Kim	officer: Chief Financial Officer	11250 WAPLES MILL ROAD, SUITE 210, FAIRFAX VA 22030
Nokomis Capital, L.l.c.	10 percent owner	1717 MCKINNEY AVENUE, SUITE 850, DALLAS TX 75202
Morton S Taubman	director	1201 FIFTEENTH STREET, N.W., SECOND FLOOR, WASHINGTON DC 20005
Kito Mussa	officer: Interim CFO	C/O 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102