DoubleDown Interactive Co (DoubleDown Interactive Co) Interest Expense : $-1.8 Mil (TTM As of Dec. 2023)

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What is DoubleDown Interactive Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. DoubleDown Interactive Co's interest expense for the three months ended in Dec. 2023 was $ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.8 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. DoubleDown Interactive Co's Operating Income for the three months ended in Dec. 2023 was $ 35.6 Mil. DoubleDown Interactive Co's Interest Expense for the three months ended in Dec. 2023 was $ -0.5 Mil. DoubleDown Interactive Co's Interest Coverage for the quarter that ended in Dec. 2023 was 77.89. 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.

DoubleDown Interactive Co Interest Expense Historical Data

The historical data trend for DoubleDown Interactive Co'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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DoubleDown Interactive Co Interest Expense Chart

DoubleDown Interactive Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-26.57

-10.79

-2.01

-1.83

-1.80

DoubleDown Interactive Co 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															-0.48	-0.46	-0.44	-0.44	-0.46

DoubleDown Interactive Co 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 $-1.8 Mil.

DoubleDown Interactive Co (NAS:DDI) 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.

DoubleDown Interactive Co's Interest Expense for the three months ended in Dec. 2023 was $-0.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was $35.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4.4 Mil.

DoubleDown Interactive Co'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	*	35.597	/	-0.457
	=	77.89

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. DoubleDown Interactive Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

DoubleDown Interactive Co (DoubleDown Interactive Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » DoubleDown Interactive Co Ltd (NAS:DDI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

DDI:Germany

Address

152, Teheran-ro Gangnam-gu, Gangnam Finance Center, 13th Floor, Seoul, KOR, 06236

Website

https://www.doubledowninteractive.com

DoubleDown Interactive Co Ltd is a developer and publisher of digital games on mobile and web-based platforms. The company is the creator of multi-format interactive entertainment experiences for casual players. Its market opportunity includes casual gaming globally, which includes slots, puzzles, cards, match three, and other similar games. Within the social casino segment of casual gaming, which includes free-to-play online slots, poker, table games, and bingo. Other games developed by the company are DoubleDown Fort, DoubleDown Classic, and Ellen's Road to Riches. The company has a presence in the international market, and it derives a majority of its revenue from the United States of America.