GEGI (Genesis Electronics Group) Interest Expense: $-0.06 Mil (TTM As of Jun. 2023)

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What is Genesis Electronics Group Interest Expense?

Genesis Electronics Group GEGI -99.00% Interest Expense is $-0.06 Mil as of Jun. 2023.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Genesis Electronics Group's interest expense for the six months ended in Jun. 2023 was $ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.06 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. Genesis Electronics Group's Operating Income for the six months ended in Jun. 2023 was $ -0.32 Mil. Genesis Electronics Group's Interest Expense for the six months ended in Jun. 2023 was $ -0.06 Mil. Genesis Electronics Group 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.

Genesis Electronics Group  (OTCPK:GEGI) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Genesis Electronics Group's Interest Expense for the six months ended in Jun. 2023 was $-0.06 Mil. Its Operating Income for the six months ended in Jun. 2023 was $-0.32 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $0.00 Mil.

Genesis Electronics Group's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Genesis Electronics Group did not have earnings to cover the interest expense.

* 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.

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

Genesis Electronics Group Interest Expense Historical Data

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The historical data trend for Genesis Electronics Group'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.

Genesis Electronics Group Interest Expense Chart

Genesis Electronics Group Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Interest Expense
Get a 7-Day Free Trial 0.00 0.00 -1.05 -0.20 -0.05

Genesis Electronics Group Semi-Annual Data
Jun04 Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Jun22 Jun23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.01 -0.04 -0.01 -0.05 -0.06

Genesis Electronics Group 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.06 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-0.06 Mil mean?
Genesis Electronics Group (GEGI) has a Interest Expense of $-0.06 Mil as of Jun. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on Genesis Electronics Group and its competitors.
Is Genesis Electronics Group's Interest Expense too high?
Genesis Electronics Group's current Interest Expense is $-0.06 Mil.
How does Genesis Electronics Group's Interest Expense compare to VLCN and TSLA?
Genesis Electronics Group's Interest Expense of $-0.06 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Vehicles & Parts company?
A good Interest Expense depends on the Vehicles & Parts industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Genesis Electronics Group and its competitors. Genesis Electronics Group's current Interest Expense is $-0.06 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Genesis Electronics Group stock overvalued right now?
Genesis Electronics Group (GEGI) has a current Interest Expense of $-0.06 Mil. The current Interest Expense is $-0.06 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Genesis Electronics Group (GEGI), the current Interest Expense is $-0.06 Mil as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Genesis Electronics Group Business Description

Address 26 S Rio Grande St No.2072, Salt lake, UT, USA, 84101
Genesis Electronics Group Inc, through Its wholly-owned subsidiary Glid, is building the first of Its kind autonomous road-to-rail shipping vehicles called Gliders. Gliders will enable fully-loaded semi-trailers access to rails where traditionally it didn't make sense. Genesis Electronics Group plans on owning and operating each Glider in its fleet and providing a "Glider-as-a-Service" business model.