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Zoompass Holdings (Zoompass Holdings) Interest Expense : $-0.13 Mil (TTM As of Dec. 2020)


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What is Zoompass Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zoompass Holdings's interest expense for the three months ended in Dec. 2020 was $ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was $-0.13 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. Zoompass Holdings's Operating Income for the three months ended in Dec. 2020 was $ -1.41 Mil. Zoompass Holdings's Interest Expense for the three months ended in Dec. 2020 was $ -0.07 Mil. Zoompass Holdings 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.

Zoompass Holdings Interest Expense Historical Data

The historical data trend for Zoompass Holdings'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.

Zoompass Holdings Interest Expense Chart

Zoompass Holdings Annual Data
Trend Mar15 Mar16 Dec17 Dec18 Dec19 Dec20
Interest Expense
Get a 7-Day Free Trial - -0.03 -0.01 - -0.13

Zoompass Holdings Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - -0.06 -0.07

Zoompass Holdings 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.13 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.

Zoompass Holdings  (OTCPK:ZPAS) 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.

Zoompass Holdings's Interest Expense for the three months ended in Dec. 2020 was $-0.07 Mil. Its Operating Income for the three months ended in Dec. 2020 was $-1.41 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2020 was $0.65 Mil.

Zoompass Holdings's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Zoompass Holdings 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.

Zoompass Holdings (Zoompass Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Zoompass Holdings Inc (OTCPK:ZPAS) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
2455 Cawthra Road, Suite 75, Mississauga, ON, CAN, L5A3P1
Website
https://zoompass.com
Zoompass Holdings Inc is a Fintech company that develops and acquires software platforms and services. The firm offers Prepaid cards, Mobility solutions, cryptocurrency platform operations, research, development, strategical planning solutions and others. The business operating segment includes the rendering of professional services. Main Business assets consist of technology IP related to cryptocurrency exchange/wallet, certain strategic partnerships and customer contracts. Substantial revenue accrues from time basis billing for IT professional services to customers.