Galaxy Next Generation (Galaxy Next Generation) Interest Expense : $-2.89 Mil (TTM As of Mar. 2023)

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What is Galaxy Next Generation Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Galaxy Next Generation's interest expense for the three months ended in Mar. 2023 was $ -0.76 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-2.89 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. Galaxy Next Generation's Operating Income for the three months ended in Mar. 2023 was $ -0.78 Mil. Galaxy Next Generation's Interest Expense for the three months ended in Mar. 2023 was $ -0.76 Mil. Galaxy Next Generation 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.

Galaxy Next Generation Interest Expense Historical Data

The historical data trend for Galaxy Next Generation'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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Galaxy Next Generation Interest Expense Chart

Galaxy Next Generation Annual Data

Trend

Dec12

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Jun19

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Jun22

Interest Expense

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-0.30

-0.98

-6.94

-17.10

-3.37

Galaxy Next Generation Quarterly Data
	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-0.13	-0.46	-0.28	-1.39	-0.76

Galaxy Next Generation 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.89 Mil.

Galaxy Next Generation (OTCPK:GAXYQ) 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.

Galaxy Next Generation's Interest Expense for the three months ended in Mar. 2023 was $-0.76 Mil. Its Operating Income for the three months ended in Mar. 2023 was $-0.78 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $2.76 Mil.

Galaxy Next Generation's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Galaxy Next Generation did not have earnings to cover the interest expense.

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

Galaxy Next Generation (Galaxy Next Generation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galaxy Next Generation Inc (OTCPK:GAXYQ) » Definitions » Interest Expense

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N/A

Address

286 Big A Road, Toccoa, GA, USA, 30577

Website

https://www.galaxynext.us

Galaxy Next Generation Inc is a distributor of interactive learning technology hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Its products include its own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices.

Executives

Magen Mcgahee	director, 10 percent owner, officer: COO	C/O GALAXY NEXT GENERATION, INC., 285 N. BIG A ROAD, TOCCOA GA 30577
Gary Lecroy	director, 10 percent owner, officer: CEO	385 BIG A ROAD, TOCCA GA 30557
Keith Watson	10 percent owner	188 WHIPPOORWILL LANE, TOCCOA GA GA 30577
Watson Kevin Collier	10 percent owner	5086 HWY. 1]84 NORTH, TOCCOA GA GA 30577