ASCN (Absecon Bancorp) Interest Expense : $-0.77 Mil (TTM As of Dec. 2023)

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What is Absecon Bancorp Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Absecon Bancorp's interest expense for the six months ended in Dec. 2023 was $ -0.77 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.77 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. Absecon Bancorp's Operating Income for the six months ended in Dec. 2023 was $ Mil. Absecon Bancorp's Interest Expense for the six months ended in Dec. 2023 was $ Mil. 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.

Absecon Bancorp Interest Expense Historical Data

The historical data trend for Absecon Bancorp'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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Absecon Bancorp Interest Expense Chart

Absecon Bancorp Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.18

-0.15

-0.10

-0.09

-0.77

Absecon Bancorp Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Interest Expense	-0.18	-0.15	-0.10	-0.09	-0.77

Absecon Bancorp Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.77 Mil.

Absecon Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absecon Bancorp (OTCPK:ASCN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

106 New Jersey Avenue, Absecon, NJ, USA, 08201-2409

Website

https://www.fnbabsecon.com

Absecon Bancorp is engaged in providing financial products and services to individual and corporate customers in southern New Jersey. The principal business of the Bank consists of attracting deposits and applying those funds to the purchase of investments and the origination of loans. The Bank's income is derived principally from interest and dividends on investments and interest and fees earned in connection with its lending activities.

Absecon Bancorp Headlines

From GuruFocus

Absecon Bancorp Announces Special Cash Dividend of $3.00 Per Share along with an Annual Cash Dividend of $2.00 Per Share

By Marketwired Marketwired • 12-01-2020