CLPMF (Clip Money) Interest Expense : $-2.05 Mil (TTM As of Dec. 2024)

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What is Clip Money Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Clip Money's interest expense for the three months ended in Dec. 2024 was $ -0.60 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-2.05 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. Clip Money's Operating Income for the three months ended in Dec. 2024 was $ -1.70 Mil. Clip Money's Interest Expense for the three months ended in Dec. 2024 was $ -0.60 Mil. Clip Money 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.

Clip Money Interest Expense Historical Data

The historical data trend for Clip Money'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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Clip Money Interest Expense Chart

Clip Money Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Interest Expense

-0.29

-0.87

-1.29

-2.05

Clip Money Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial										-0.49	-0.48	-0.47	-0.50	-0.60

Clip Money 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.05 Mil.

Clip Money (OTCPK:CLPMF) 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.

Clip Money's Interest Expense for the three months ended in Dec. 2024 was $-0.60 Mil. Its Operating Income for the three months ended in Dec. 2024 was $-1.70 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $14.12 Mil.

Clip Money's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Clip Money did not have earnings to cover the interest expense.

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

Clip Money Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clip Money Inc (OTCPK:CLPMF) » Definitions » Interest Expense

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CLIP:Canada

Address

96 Riverdale Avenue, Ottawa, ON, CAN, K1S 1R2

Website

https://www.clipmoney.com

Clip Money Inc is a Canadian-based company principally in the business of providing a proprietary deposit network to businesses and financial institutions located across North America. A network of ClipDrop safes located in malls, box stores, and grocery chains, Clip improves the business deposit experience through transformational digital and mobile-enabled services. The company has one operating segment, which is providing a proprietary deposit network to businesses located across North America. The company combines functional hardware, an intuitive mobile app, and a cloud-based transaction engine that maximizes business banking transactions. It also facilitates mobile change orders, which are fully insured and shipped within one to two business days.