Weave Communications (Weave Communications) Interest Expense : $-1.8 Mil (TTM As of Mar. 2024)

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What is Weave Communications Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Weave Communications's interest expense for the three months ended in Mar. 2024 was $ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.8 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. Weave Communications's Operating Income for the three months ended in Mar. 2024 was $ -8.2 Mil. Weave Communications's Interest Expense for the three months ended in Mar. 2024 was $ -0.3 Mil. Weave Communications 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.

Weave Communications Interest Expense Historical Data

The historical data trend for Weave Communications'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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Weave Communications Interest Expense Chart

Weave Communications Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.81

-1.10

-1.18

-1.44

-1.92

Weave Communications Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-0.47	-0.50	-0.51	-0.44	-0.32

Weave Communications 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.8 Mil.

Weave Communications (NYSE:WEAV) 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.

Weave Communications's Interest Expense for the three months ended in Mar. 2024 was $-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-8.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $48.4 Mil.

Weave Communications's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Weave Communications did not have earnings to cover the interest expense.

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

Weave Communications (Weave Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Weave Communications Inc (NYSE:WEAV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1331 West Powell Way, Lehi, UT, USA, 84043

Website

https://www.getweave.com

Weave Communications Inc sells subscriptions for its integrated communications platform, which combines software, communication and analysis tools with voice over internet protocol (VoIP) phone services. The Company derives substantially all revenue from subscription services by providing customers access to its platform.

Executives

Matthew C. Hyde	officer: Chief Revenue Officer	C/O WEAVE COMMUNICATIONS, INC., 1331 W. POWELL WAY, LEHI UT 84043
Erin Goodsell	officer: Chief Legal Officer & Corp.Sec	C/O WEAVE COMMUNICATIONS, INC., 1331 W. POWELL WAY, LEHI UT 84043
Bessemer Venture Partners Ix L.p.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Crosslink Capital Inc	10 percent owner	2180 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Branden Neish	officer: Chief Product &Technology Ofcr	C/O WEAVE COMMUNICATIONS, INC., 1331 W. POWELL WAY, LEHI UT 84043
Alan Taylor	officer: Chief Financial Officer	C/O WEAVE COMMUNICATIONS, INC., 1331 W POWELL WAY, LEHI UT 84043
Tiger Global Management Llc	10 percent owner	9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
George P Scanlon	director	13410 SUTTON PARK DRIVE SOUTH, JACSKONVILLE FL 32224
Blake G Modersitzki	director	2755 EAST COTTONWOOD PARKWAY, SUITE 520, SALT LAKE CITY UT 84121
Marty Smuin	officer: Chief Operating Officer	C/O WEAVE COMMUNICATIONS, INC., 1331 W. POWELL WAY, LEHI UT 84043
Wendy Harper	officer: Chief Legal Officer & Corp.Sec	C/O WEAVE COMMUNICATIONS, INC., 1331 W POWELL WAY, LEHI UT 84043
Harvey Stuart C. Jr	director	C/O TRUSTWAVE HOLDINGS, INC., 70 W. MADISON, SUITE 1050, CHICAGO IL 60602
Debora B Tomlin	director	6550 OAK LEAF COURT, YOUNTVILLE CA 94599
Roy Banks	director, officer: Chief Executive Officer	6129 WEST 9600 NORTH, HIGHLAND UT 84003
Coleman Charles P Iii	10 percent owner	C/O TIGER GLOBAL MANAGEMENT, LLC, 9 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019