Sphere 3D (Sphere 3D) Interest Expense : $-1.18 Mil (TTM As of Dec. 2023)

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What is Sphere 3D Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sphere 3D's interest expense for the three months ended in Dec. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.18 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. Sphere 3D's Operating Income for the three months ended in Dec. 2023 was $ -13.13 Mil. Sphere 3D's Interest Expense for the three months ended in Dec. 2023 was $ 0.00 Mil. Sphere 3D has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Sphere 3D Interest Expense Historical Data

The historical data trend for Sphere 3D'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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Sphere 3D Interest Expense Chart

Sphere 3D Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.35

-0.73

-0.52

-1.18

Sphere 3D 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															-	-	-1.17	-0.01	-

Sphere 3D 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 $-1.18 Mil.

Sphere 3D (NAS:ANY) 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.

Sphere 3D's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-13.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.00 Mil.

Sphere 3D's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Sphere 3D had no long-term debt ⁽¹⁾.

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

Sphere 3D (Sphere 3D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sphere 3D Corp (NAS:ANY) » Definitions » Interest Expense

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8S3:Germany

Address

4 Greenwich Office Park, Suite 100, 1st Floor, Greenwich, CT, USA, 06831

Website

https://www.sphere3d.com

Sphere 3D Corp provides solutions for stand-alone storage and technologies that converge the traditional silos of compute, storage, and network into integrated hyper-converged or converged solution. Its Disk systems include HVE Converged and Hyper-converged Infrastructure. It generates the majority of its revenue from the services it offers. All of its revenue comes from the Americas. The Company has two operating segments: Digital Mining and Service and Product. The Digital Mining segment generates revenue from the digital currency, it earns through its bitcoin mining activities. The Service and Product segment generates revenue from long-term customer contracts for service contracts and extended service contract and the sale of products related to the Company's data storage product line.

Executives

Kurt L. Kalbfleisch	officer: SVP and CFO	C/O OVERLAND STORAGE, INC., 4820 OVERLAND AVENUE, SAN DIEGO CA 92123
Joseph O'daniel	officer: President	100 EXECUTIVE CT. , SUITE 2, WAXAHACHIE TX 75165
Patricia Trompeter	director, officer: CEO	309 LUKES WOOD ROAD, NEW CANAAN CT 06840
Duncan J Mcewan	director	SPHERE 3D CORP, 9112 SPECTRUM CENTER BLVD, SAN DIEGO CA 92123
Timothy P. Hanley	director	9796 NICKEL RIDGE CIRCLE, NAPLES FL 34120
David C. Danziger	director	717 WAREHOUSE STREET, LOS ANGELES CA 90021
Sue Harnett	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Vivekanand Mahadevan	director	OVERLAND STORAGE, INC., 9112 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123
Mf Ventures, Llc	10 percent owner	201 SPEAR STREET, 14TH FLOOR, SAN FRANCISCO CA 94105
Cyrus Capital Partners, L.p.	10 percent owner	65 EAST 55 STREET, 35TH FLOOR, NEW YORK NY 10022
Fbc Holdings S.a.r.l.	10 percent owner	C/O CYRUS CAPITAL PARTNERS, L.P., 65 EAST 55TH STREET, 35TH FLOOR, NEW YORK NY 10022
Stephen C Freidheim	10 percent owner	C/O CYRUS CAPITAL PARTNERS, L.P., 65 EAST 55TH STREET, 35TH FLOOR, NEW YORK NY 10022
Cyrus Capital Partners Gp, Llc	10 percent owner	65 EAST 55TH STREET, 35TH FLOOR, NEW YORK NY 10022
Jenny C Yeh	officer: SVP & General Counsel	SPHERE 3D CORP, 9112 SPECTRUM CENTER BLVD, SAN DIEGO CA 92123
Eric Kelly	director, officer: CEO & Chairman	691 S. MILPITAS BLVD, MILPITAS CA 95035