Mobi724 Global Solutions (Mobi724 Global Solutions) Interest Expense : $-1.10 Mil (TTM As of Sep. 2023)

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What is Mobi724 Global Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mobi724 Global Solutions's interest expense for the three months ended in Sep. 2023 was $ -0.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.10 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. Mobi724 Global Solutions's Operating Income for the three months ended in Sep. 2023 was $ -0.18 Mil. Mobi724 Global Solutions's Interest Expense for the three months ended in Sep. 2023 was $ -0.21 Mil. Mobi724 Global Solutions 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.

Mobi724 Global Solutions Interest Expense Historical Data

The historical data trend for Mobi724 Global Solutions'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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Mobi724 Global Solutions Interest Expense Chart

Mobi724 Global Solutions Annual Data

Trend

Dec13

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Dec18

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Dec20

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Dec22

Interest Expense

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-0.13

-0.20

-0.45

-1.04

-1.32

Mobi724 Global Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.14	-0.56	-0.15	-0.17	-0.21

Mobi724 Global Solutions 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.10 Mil.

Mobi724 Global Solutions (OTCPK:MOBIF) 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.

Mobi724 Global Solutions's Interest Expense for the three months ended in Sep. 2023 was $-0.21 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.90 Mil.

Mobi724 Global Solutions's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Mobi724 Global Solutions did not have earnings to cover the interest expense.

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

Mobi724 Global Solutions (Mobi724 Global Solutions) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Mobi724 Global Solutions Inc (OTCPK:MOBIF) » Definitions » Interest Expense

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Address

257 Rue Sherbrooke Est, Suite 400, Montreal, QC, CAN, H2X 1E3

Website

https://www.mobi724.com

Mobi724 Global Solutions Inc is a fintech company which provides a platform, that enables banks and merchants to offer their customers real-time payment card-linked incentives, in a white-label format. The company's objective is to add a layer of AI-driven actionable intelligence to every payment transaction, creating engaging consumer experiences and generating incremental commercial opportunities to its clients.