Eqonex (Eqonex) Interest Expense : $-0.27 Mil (TTM As of Mar. 2022)

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What is Eqonex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Eqonex's interest expense for the six months ended in Mar. 2022 was $ -0.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2022 was $-0.27 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. Eqonex's Operating Income for the six months ended in Mar. 2022 was $ -31.01 Mil. Eqonex's Interest Expense for the six months ended in Mar. 2022 was $ -0.14 Mil. Eqonex 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.

Eqonex Interest Expense Historical Data

The historical data trend for Eqonex'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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Eqonex Interest Expense Chart

Eqonex Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Interest Expense

-0.88

-1.85

-1.04

-0.27

Eqonex Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22
Interest Expense	Get a 7-Day Free Trial			-0.88	-0.95	-0.09	-0.13	-0.14

Eqonex 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.27 Mil.

Eqonex (OTCPK:EQOSQ) 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.

Eqonex's Interest Expense for the six months ended in Mar. 2022 was $-0.14 Mil. Its Operating Income for the six months ended in Mar. 2022 was $-31.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2022 was $6.77 Mil.

Eqonex's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Eqonex did not have earnings to cover the interest expense.

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

Eqonex (Eqonex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Eqonex Ltd (OTCPK:EQOSQ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Piccadilly, Mayfair, London, GBR, W1J 7NW

Website

https://www.eqonex.com

Eqonex Ltd is a digital assets financial services company focused on delivering a cryptocurrency and digital assets ecosystem. The company offers services related to Exchange and Trading, Capital Markets, Custody, and Asset Management.