Identillect Technologies (Identillect Technologies) Interest Expense : $-0.05 Mil (TTM As of Sep. 2023)

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What is Identillect Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Identillect Technologies's interest expense for the three months ended in Sep. 2023 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.05 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. Identillect Technologies's Operating Income for the three months ended in Sep. 2023 was $ -0.07 Mil. Identillect Technologies's Interest Expense for the three months ended in Sep. 2023 was $ -0.01 Mil. Identillect Technologies 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.

Identillect Technologies Interest Expense Historical Data

The historical data trend for Identillect Technologies'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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Identillect Technologies Interest Expense Chart

Identillect Technologies Annual Data

Trend

Jul13

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Dec18

Dec19

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Dec22

Interest Expense

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-0.04

-0.06

-0.07

-0.08

-0.07

Identillect Technologies 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															-0.02	-0.02	-0.01	-0.01	-0.01

Identillect Technologies 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 $-0.05 Mil.

Identillect Technologies (OTCPK:IDTLF) 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.

Identillect Technologies's Interest Expense for the three months ended in Sep. 2023 was $-0.01 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.00 Mil.

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

Identillect Technologies did not have earnings to cover the interest expense.

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

Identillect Technologies (Identillect Technologies) Business Description

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8ID:Germany ID:Canada

Address

609 Granville Street, Suite 1600, Vancouver, BC, CAN, V7Y 1C3

Website

https://www.identillect.com

Identillect Technologies Corp is a software development company that design and developed an email encryption software solution to protect critical information. The company offers a Delivery trust service; which is an email security solution, designed for small and medium-sized businesses. The company serves Accounting, Education Professionals, Financial, Legal, Medical, Real Estate, and Resource industries.