BGSF (BGSF) Interest Expense : $-6.0 Mil (TTM As of Dec. 2023)

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What is BGSF Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BGSF's interest expense for the three months ended in Dec. 2023 was $ -1.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-6.0 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. BGSF's Operating Income for the three months ended in Dec. 2023 was $ 3.4 Mil. BGSF's Interest Expense for the three months ended in Dec. 2023 was $ -1.6 Mil. BGSF's Interest Coverage for the quarter that ended in Dec. 2023 was 2.10. 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.

BGSF Interest Expense Historical Data

The historical data trend for BGSF'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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BGSF Interest Expense Chart

BGSF Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.57

-1.58

-1.43

-1.36

-5.98

BGSF 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															-0.65	-1.20	-1.50	-1.67	-1.60

BGSF 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 $-6.0 Mil.

BGSF (NYSE:BGSF) 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.

BGSF's Interest Expense for the three months ended in Dec. 2023 was $-1.6 Mil. Its Operating Income for the three months ended in Dec. 2023 was $3.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3.8 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3.367	/	-1.601
	=	2.10

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

BGSF (BGSF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » BGSF Inc (NYSE:BGSF) » Definitions » Interest Expense

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Traded in Other Exchanges

BGK0:Germany

Address

5850 Granite Parkway, Suite 730, Plano, TX, USA, 75024

Website

https://www.bgsf.com

BGSF Inc is engaged in providing temporary staffing services. The company has expertise in Real Estate, Professional, and Light Industrial sectors. The majority of its revenue comes from the Professional segment that provides skilled field talent on a nationwide basis for information technology & finance, accounting, legal and human resource client partner projects on a national basis. The services offered by the company include Staffing and Recruiting, Executive Search, Project & Consulting, and Onsite Management.

Executives

Douglas Hailey	director	861 MAGGIES WAY, WATERBURY CENTER VT 05677
Donna Carroll	director	5850 GRANITE PARKWAY #730, PLANO TX 75024
John R Barnett	officer: CFO and Secretary	111 CONGRESSIONAL BLVD, STE 500, CARMEL IN 46032
Allen C. David Jr	director	805 HUNTINGTON COURT, SOUTHLAKE TX 76092
Baum Richard L Jr	director	10 KINZEL LANE, WEST ORANGE NJ 07052
Paul Seid	director	22 WOODHAVEN DRIVE, NEW CITY NY 10956
Cynthia Marshall	director	5850 GRANITE PARKWAY STE 730, PLANO TX 75024
Dan Hollenbach	officer: CFO and Secretary	C/O BG STAFFING, INC., 5850 GRANITE PARKWAY, SUITE 730, PLANO TX 75024
Beth Garvey	officer: Chief Operating Officer	4528 DAFFODIL TRAIL, PLANO TX 75093
Baker L. Allen Jr.	director, officer: President and CEO	7338 MAY HALL DRIVE, FRISCO TX 75034
Robert G Weinrich	officer: interim CFO and Secretary	158 NATCHES TRACE, COPPELL TX 75019
Michael A Rutledge	officer: CFO and Secretary	5000 LEGACY DR, SUITE 350, PLANO TX 75024