OTC Markets Group (OTC Markets Group) Interest Expense : $0.0 Mil (TTM As of Dec. 2023)

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What is OTC Markets Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OTC Markets Group'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 $0.0 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. OTC Markets Group's Operating Income for the three months ended in Dec. 2023 was $ 8.8 Mil. OTC Markets Group's Interest Expense for the three months ended in Dec. 2023 was $ 0.0 Mil. GuruFocus does not calculate OTC Markets Group'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.

OTC Markets Group Interest Expense Historical Data

The historical data trend for OTC Markets Group'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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OTC Markets Group Interest Expense Chart

OTC Markets Group Annual Data

Trend

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Interest Expense

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OTC Markets Group Quarterly Data
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OTC Markets Group 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 $0.0 Mil.

OTC Markets Group (OTCPK:OTCM) 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.

OTC Markets Group'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 $8.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $11.9 Mil.

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

GuruFocus does not calculate OTC Markets Group'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. OTC Markets Group Inc has enough cash to cover all of its debt. Its financial situation is stable.

OTC Markets Group (OTC Markets Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OTC Markets Group Inc (OTCPK:OTCM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Vesey Street, New York, NY, USA, 10282

Website

https://www.otcmarkets.com

OTC Markets Group Inc operates financial markets for securities in the U.S and globally. The firm mainly operates OTCQX best market, OTCQB venture market and Pink open market. It has OTC link ATS, market data licensing and corporate services business lines. The activities of these business lines encompass quotation and trade messaging services, network-based platform, access to market data, a suite of market data licenses and disclosure and information services. It derives a majority of revenue from the U.S.