GIFT (Giftify) Interest Expense : $-3.14 Mil (TTM As of Sep. 2024)

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What is Giftify Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Giftify's interest expense for the three months ended in Sep. 2024 was $ -0.28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-3.14 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. Giftify's Operating Income for the three months ended in Sep. 2024 was $ -3.78 Mil. Giftify's Interest Expense for the three months ended in Sep. 2024 was $ -0.28 Mil. Giftify 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.

Giftify Interest Expense Historical Data

The historical data trend for Giftify'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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Giftify Interest Expense Chart

Giftify Annual Data

Trend

Aug03

Aug04

Aug05

May16

May17

May18

Dec19

Dec21

Dec22

Dec23

Interest Expense

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-0.23

-1.33

-0.12

-2.72

-2.89

Giftify Quarterly Data
	Nov18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.19	-2.35	-0.25	-0.27	-0.28

Giftify 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.14 Mil.

Giftify (NAS:GIFT) 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.

Giftify's Interest Expense for the three months ended in Sep. 2024 was $-0.28 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-3.78 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $2.61 Mil.

Giftify's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Giftify did not have earnings to cover the interest expense.

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

Giftify Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Giftify Inc (NAS:GIFT) » Definitions » Interest Expense

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Address

1100 Woodfield Road, Suite 510, Schaumberg, IL, USA, 60173

Website

https://www.giftifyinc.com

Giftify Inc through its wholly-owned subsidiary, has been in the business of connecting digital consumers, businesses and communities with dining and merchant deal options throughout the United States. The company connects digital consumers, businesses, and communities offering dining and merchant deal options nationwide restaurants, and retailers to customers. The Company buys merchant gift cards from the general public and distributors at a discount and then resells them at a markup.