MIND C.T.I. (MIND C.T.I.) Interest Expense

: $0.00 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MIND C.T.I.'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 $0.00 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. MIND C.T.I.'s Operating Income for the three months ended in Dec. 2023 was $ 1.15 Mil. MIND C.T.I.'s Interest Expense for the three months ended in Dec. 2023 was $ 0.00 Mil. GuruFocus does not calculate MIND C.T.I.'s interest coverage with the available data. 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.

MIND C.T.I. Interest Expense Historical Data

The historical data trend for MIND C.T.I.'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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MIND C.T.I. Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.05

-0.06

-0.02

MIND C.T.I. Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-	-	-	-	-

MIND C.T.I. 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 $0.00 Mil.

MIND C.T.I. (NAS:MNDO) 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.

MIND C.T.I.'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 $1.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.42 Mil.

MIND C.T.I.'s Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

GuruFocus does not calculate MIND C.T.I.'s interest coverage with the available data.

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. MIND C.T.I. Ltd has enough cash to cover all of its debt. Its financial situation is stable.

MIND C.T.I. (MIND C.T.I.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MIND C.T.I. Ltd (NAS:MNDO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 HaCarmel Street, Yoqneam, ISR, 2066724

Website

https://www.mindcti.com

MIND C.T.I. Ltd develops, manufactures, markets and implements real-time and off-line convergent billing and customer care software solutions. The company derives revenue from sale of software products and services in two operating segments namelyBilling and Related Services and Messaging. The Company has three product lines: Product line A- billing and customer care solutions for service providers; Product line B - call accounting and call management solutions for enterprises; and Product line C - mobile messaging, communication, and payment solutions.