Mogo (MOGO) Interest Expense

: $-5.66 Mil (TTM As of Sep. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mogo's interest expense for the three months ended in Sep. 2023 was $ -1.29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-5.66 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. Mogo's Operating Income for the three months ended in Sep. 2023 was $ -0.62 Mil. Mogo's Interest Expense for the three months ended in Sep. 2023 was $ -1.29 Mil. Mogo 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.

Mogo Interest Expense Historical Data

The historical data trend for Mogo'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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Mogo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

-12.94

-15.03

-5.59

-4.19

-4.34

Mogo Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense																-1.21	-1.24	-1.83	-1.30	-1.29

Mogo 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 $-5.66 Mil.

Mogo (NAS:MOGO) 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.

Mogo's Interest Expense for the three months ended in Sep. 2023 was $-1.29 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $29.12 Mil.

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

Mogo did not have earnings to cover the interest expense.

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

Mogo (MOGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mogo Inc (NAS:MOGO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SGC:Germany MOGO:Canada

Address

2100 - 401 West Georgia Street, Vancouver, BC, CAN, V6B 5A1

Website

https://www.mogo.ca

Mogo Inc is a Canadian-based financial technology company. It offers a finance application to consumers with solutions that help them to control their financial health. At Mogo, users can sign up for a free account and get access to products and solutions that help users to monitor their credit score, protect themselves from identity fraud, control their spending, and borrow responsibly. Some of its products are personal loans, crypto, mortgage, credit score, and others. Mogo is one of the go-to financial applications for Canadians with more than one million members.