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Serve Robotics (Serve Robotics) Interest Expense : $-3.55 Mil (TTM As of Mar. 2024)


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What is Serve Robotics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Serve Robotics's interest expense for the three months ended in Mar. 2024 was $ -1.33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-3.55 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. Serve Robotics's Operating Income for the three months ended in Mar. 2024 was $ -7.71 Mil. Serve Robotics's Interest Expense for the three months ended in Mar. 2024 was $ -1.33 Mil. Serve Robotics 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.

Serve Robotics Interest Expense Historical Data

The historical data trend for Serve Robotics'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.

* Premium members only.

Serve Robotics Interest Expense Chart

Serve Robotics Annual Data
Trend Dec21 Dec22 Dec23
Interest Expense
- -0.64 -2.26

Serve Robotics Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only -0.04 -0.50 -1.48 -0.24 -1.33

Serve Robotics 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.55 Mil.

* 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.

Serve Robotics  (NAS:SERV) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Serve Robotics's Interest Expense for the three months ended in Mar. 2024 was $-1.33 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-7.71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.11 Mil.

Serve Robotics's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Serve Robotics did not have earnings to cover the interest expense.

* 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.

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

Serve Robotics (Serve Robotics) Business Description

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Address
730 Broadway, Redwood, CA, USA, 94063
Website
https://www.serverobotics.com
Serve Robotics Inc is developing next-generation robots for last-mile delivery services. Its first product is a zero-emission robot that serves people in public areas, Starting with food delivery. It has developed an advanced, AI-robotics mobility platform, with last-mile delivery in cities as its first application.