Vado (VADP) Interest Expense

: $-1.61 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. Vado's interest expense for the three months ended in Sep. 2023 was $ -1.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.61 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. Vado's Operating Income for the three months ended in Sep. 2023 was $ -0.47 Mil. Vado's Interest Expense for the three months ended in Sep. 2023 was $ -1.17 Mil. Vado 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.

Vado Interest Expense Historical Data

The historical data trend for Vado'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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Vado Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Interest Expense

Vado Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Mar23	Jun23	Sep23
Interest Expense																-	-	-0.20	-0.25	-1.17

Vado 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 $-1.61 Mil.

Vado (OTCPK:VADP) 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.

Vado's Interest Expense for the three months ended in Sep. 2023 was $-1.17 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.47 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $1.69 Mil.

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

Vado did not have earnings to cover the interest expense.

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