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LCLP (Life Clips) Interest Expense : $-0.60 Mil (TTM As of Mar. 2022)


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What is Life Clips Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Life Clips's interest expense for the three months ended in Mar. 2022 was $ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2022 was $-0.60 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. Life Clips's Operating Income for the three months ended in Mar. 2022 was $ -1.04 Mil. Life Clips's Interest Expense for the three months ended in Mar. 2022 was $ -0.08 Mil. Life Clips 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.

Life Clips Interest Expense Historical Data

The historical data trend for Life Clips'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.

Life Clips Interest Expense Chart

Life Clips Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Interest Expense
Get a 7-Day Free Trial -2.41 -0.75 -0.48 -0.40 -0.57

Life Clips Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 -0.11 -0.27 -0.17 -0.08 -0.08

Life Clips 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.60 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.

Life Clips  (OTCPK:LCLP) 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.

Life Clips's Interest Expense for the three months ended in Mar. 2022 was $-0.08 Mil. Its Operating Income for the three months ended in Mar. 2022 was $-1.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2022 was $0.15 Mil.

Life Clips's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Life Clips 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.

Life Clips Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Life Clips Inc (OTCPK:LCLP) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
18851 NE 29th Avenue, Suite 700, PMB No. 348, Aventura, FL, USA, 33180
Website
https://www.lifeclips.com
Life Clips Inc operates in the business of digital devices to capture videos and pictures. It offers a varied range of cameras, batteries, and adapters. The firm focuses on the marketing of the HP-branded cameras as well as the Mobeego branded batteries in the United States as well as internationally. In addition, it also operates in the energy unit product division which consists of a custom designed plastic casing, shaped like a small can of energy drink, hosting a powerful lithium battery for charging mobile devices.
Executives
Victoria Diana Rudman director, officer: CFO C/O CHATAND, INC., 244 5TH AVENUE, SUITE 68, NEW YORK NY 10001
Robert Grinberg director, officer: CEO 19515 PRESIDENTIAL WAY, MIAMI FL 33179