ON24 (ONTF) Interest Expense

: $-0.1 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. ON24's interest expense for the three months ended in Dec. 2023 was $ -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.1 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. ON24's Operating Income for the three months ended in Dec. 2023 was $ -12.2 Mil. ON24's Interest Expense for the three months ended in Dec. 2023 was $ -0.0 Mil. ON24 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.

ON24 Interest Expense Historical Data

The historical data trend for ON24'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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ON24 Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1.03

-0.87

-0.46

-0.18

-0.09

ON24 Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense															-0.04	-0.03	-0.03	-0.02	-0.01

ON24 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 $-0.1 Mil.

ON24 (NYSE:ONTF) 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.

ON24's Interest Expense for the three months ended in Dec. 2023 was $-0.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-12.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2.5 Mil.

ON24's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

ON24 did not have earnings to cover the interest expense.

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

ON24 (ONTF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ON24 Inc (NYSE:ONTF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Beale Street, 8th Floor, San Francisco, CA, USA, 94105

Website

https://www.on24.com

ON24 Inc provides a cloud-based digital experience platform that enables businesses to convert customer engagement into revenue through interactive webinar experiences, virtual event experiences, and multimedia content experiences. The company derives revenue from subscription agreements with customers for accessing the platform and related services. Geographically, it derives a majority of revenue from the United States.

Executives

Sharat Sharan	director, 10 percent owner, officer: President and Chief Executive	3221 LA MESA DRIVE, SAN CARLOS CA 94070
Jayesh Sahasi	officer: EV President, Product and CTO	934 LUNDY LN, LOS ALTOS CA 94024
Dominique Trempont	director	5 RANDALL PLACE, MENLO PARK CA 94025
Steven Vattuone	officer: Chief Financial Officer	139 TOWNSEND ST, SAN FRANCISCO CA 94107
James Blackie	officer: Chief Revenue Officer	930 N WETHERLY DR #304, WEST HOLLYWOOD CA 90069
Teresa Anania	director	C/O ON24, INC., 50 BEALE STREET, 8TH FLOOR, SAN FRANCISCO CA 94015
Ronald Paul Mitchell	director	110 W. KINZIE STREET, 5TH FL, CHICAGO IL 60654
Lynrock Lake Partners Llc	10 percent owner	2 INTERNATIONAL DRIVE, SUITE 130, RYE BROOK NY 10573
Lynrock Lake Lp	10 percent owner	2 INTERNATIONAL DRIVE, SUITE 130, RYE BROOK NY 10573
Cynthia Paul	10 percent owner	C/O DSP GROUP, INC., 5 SHENKAR STREET, HERZELIA L3 4672505
Anil Arora	director	C/O YODLEE, INC., 3600 BRIDGE PARKWAY, 2ND FLOOR, REDWOOD CITY CA 94065
Anthony Zingale	director	C/O SERVICEMAX, INC., 4450 ROSEWOOD DR., #200, PLEASANTON CA 94588
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Irwin Federman	director, 10 percent owner	2735 SAND HILL ROAD, MENLO PARK CA 94025
Barry Zwarenstein	director	C/O IOMEGA CORP, 4435 EASTGATE MALL 3RD FLOOR, SAN DIEGO CA 92121