Wrap Technologies (Wrap Technologies) Interest Expense : $0.00 Mil (TTM As of Sep. 2023)

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What is Wrap Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wrap Technologies's interest expense for the three months ended in Sep. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $0.00 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. Wrap Technologies's Operating Income for the three months ended in Sep. 2023 was $ -2.75 Mil. Wrap Technologies's Interest Expense for the three months ended in Sep. 2023 was $ 0.00 Mil. GuruFocus does not calculate Wrap Technologies'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.

Wrap Technologies Interest Expense Historical Data

The historical data trend for Wrap 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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Wrap Technologies Interest Expense Chart

Wrap Technologies Annual Data

Trend

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Interest Expense

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Wrap Technologies Quarterly Data
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Wrap 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 $0.00 Mil.

Wrap Technologies (NAS:WRAP) 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.

Wrap Technologies's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-2.75 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.11 Mil.

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

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

Wrap Technologies (Wrap Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wrap Technologies Inc (NAS:WRAP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

1817 West 4th Street, Tempe, AZ, USA, 85281

Website

https://www.wrap.com

Wrap Technologies Inc offers public safety technologies and services. The firm develops policing solutions to law enforcement and security personnel. Its BolaWRAP 150 Remote Restraint device is a patented, hand-held tool that discharges a Kevlar cord to restrain noncompliant individuals from a range of 10-25 feet. The group operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Executives

Timothy Szymanski	director	C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Rajiv Srinivasan	director	C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Kevin W Mullins	officer: PRESIDENT	C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Christopher James Dealmeida	officer: Chief Financial Officer	1817 W 4TH STREET, TEMPE AZ 85281
Elwood G Norris	10 percent owner	13771 DANIELSON STREET, STE. L, POWAY CA 92064
Bruce Bernstein	director	780 THIRD AVENUE, 12TH FLOOR, NEW YORK NY 10017
Marc Savas	director	8033 SUNSET BLVD., BOX 873, LOS ANGELES CA 90046
Tj Kennedy	director	400 S 4TH ST, STE. 401-412, MINNEAPOLIS MN 55415
Scot Cohen	director, officer: Executive Chairman, Secretary	20 EAST 20TH ST., APT. 6, NEW YORK NY 10003
Kevin Charles Sherman	director	1730 BLAKE ST STE 305, DENVER CO 80202
Glenn M Hickman	officer: CHIEF OPERATING OFFICER	C/O WRAP TECHNOLOGIES, 1817 W 4TH STREET, TEMPE AZ 85281
Varner Leo William Jr.	officer: INTERIM CEO	400 GALLERIA PKWY SE, SUITE 1760, ATLANTA GA 30339
James A Barnes	director, officer: President and CFO	13771 DANIELSON STREET, STE. L, POWAY CA 92064
Thomas P Smith	officer: PRESIDENT	7860 EAST MCCLAIN DRIVE SUITE E, SCOTTSDALE AZ 85260-1627
David G Norris	director, officer: President	C/O TREE.COM, INC., 11115 RUSHMORE DRIVE, CHARLOTTE NC 28277