Innovative Payment Solutions (Innovative Payment Solutions) Interest Expense : $-1.19 Mil (TTM As of Dec. 2023)

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What is Innovative Payment Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Innovative Payment Solutions's interest expense for the three months ended in Dec. 2023 was $ -0.49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.19 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. Innovative Payment Solutions's Operating Income for the three months ended in Dec. 2023 was $ -0.82 Mil. Innovative Payment Solutions's Interest Expense for the three months ended in Dec. 2023 was $ -0.49 Mil. Innovative Payment Solutions 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.

Innovative Payment Solutions Interest Expense Historical Data

The historical data trend for Innovative Payment Solutions'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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Innovative Payment Solutions Interest Expense Chart

Innovative Payment Solutions Annual Data

Trend

Oct14

Oct15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.06

-1.49

-3.88

-0.46

-1.19

Innovative Payment Solutions 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															-0.06	-0.11	-0.18	-0.41	-0.49

Innovative Payment Solutions 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 $-1.19 Mil.

Innovative Payment Solutions (OTCPK:IPSI) 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.

Innovative Payment Solutions's Interest Expense for the three months ended in Dec. 2023 was $-0.49 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-0.82 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.15 Mil.

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

Innovative Payment Solutions did not have earnings to cover the interest expense.

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

Innovative Payment Solutions (Innovative Payment Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Innovative Payment Solutions Inc (OTCPK:IPSI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

56B 5th Street, Lot 1, Suite AT, Carmel by the Sea, CA, USA, 93921

Website

https://www.ipsipay.com

Innovative Payment Solutions Inc provides an integrated network of kiosks, terminals, and payment channels that enable consumers to deposit cash, convert it into a digital form, and remit the funds to any merchant in its network quickly and securely.

Executives

Richard Rosenblum	10 percent owner, other: President and CFO	19 HORIZON DRIVE, WAYNE NJ 07470
David F Rios	director	14924 DIDUCA WAY, LOS GATOS CA 95032
Clifford W. Henry	director	PO BOX 1148, ZEPHYR COVE NV 89449-1148
Madisson Gracee Corbett	director	19355 BUSINESS CENTER DRIVE., #9, NORTHRIDGE CA 91324
James W Fuller	director	C/O BAYTREE CAPITAL ASSOCIATES LLC, 40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005
Andrey Novikov	director, officer: CHIEF TECHNOLOGY OFFICER	19355 BUSINESS CENTER DRIVE , #9, NORTHRIDG CA 91324
William D. Corbett	director, officer: Chief Executive Officer	1720 W DIVISION STREET, 3RD FLOOR, CHICAGO IL 606622
Jimmy I Gibbs	10 percent owner	9855 WARREN H. ABERNATHY HIGHWAY, SPARTANBURG SC 29301
Mark John Korb	officer: Chief Financial Officer	1900 GLADES ROAD, SUITE 435, BOCA RATON FL 33431
Gaston Singh Pereira	director, officer: Chairman of the Board and CEO	1900 GLADES ROAD, SUITE 265, BOCA RATON FL 33431
Sarmad Singh Harake	director	1900 GLADES ROAD, SUITE 265, BOCA RATON NY 33431