GMGI (Golden Matrix Group) Interest Expense : $-3.5 Mil (TTM As of Dec. 2024)

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What is Golden Matrix Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Golden Matrix Group's interest expense for the three months ended in Dec. 2024 was $ -2.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-3.5 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. Golden Matrix Group's Operating Income for the three months ended in Dec. 2024 was $ 1.3 Mil. Golden Matrix Group's Interest Expense for the three months ended in Dec. 2024 was $ -2.7 Mil. Golden Matrix Group's Interest Coverage for the quarter that ended in Dec. 2024 was 0.47. 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.

Golden Matrix Group Interest Expense Historical Data

The historical data trend for Golden Matrix 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.

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Golden Matrix Group Interest Expense Chart

Golden Matrix Group Annual Data

Trend

Jul14

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Dec24

Interest Expense

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-0.05

-0.01

-3.52

Golden Matrix Group Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-	-	-0.03	-0.79	-2.69

Golden Matrix 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.5 Mil.

Golden Matrix Group (NAS:GMGI) 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.

Golden Matrix Group's Interest Expense for the three months ended in Dec. 2024 was $-2.7 Mil. Its Operating Income for the three months ended in Dec. 2024 was $1.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $19.6 Mil.

Golden Matrix Group's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	1.259	/	-2.694
	=	0.47

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

Golden Matrix Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Golden Matrix Group Inc (NAS:GMGI) » Definitions » Interest Expense

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SE0C:Germany

Address

3651 Lindell Road, Suite D131, Las Vegas, NV, USA, 89103

Website

https://www.goldenmatrix.com

Golden Matrix Group Inc is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located in the Asia Pacific region. The company operates in two reportable segments; B2B and B2C. The B2C segment earns majority revenue. The company operates in UK, Asia Pacific and Latin America. It offers configurable and scalable iGaming platforms and operate some of the industry's iconic brands, including MexPlay, R Kings Competitions and GM-AG.

Executives

Thomas Mcchesney	director	PO BOX 2910, TACOMA WA 98401-2910
Weiting Feng	director, officer: CFO	3651 LINDELL RD STE D131, LAS VEGAS NV 89103
Philip Moyes	director	54 KINGS WHARF, QUAY 27, QUEENSWAY J1 GX11 1AA
Omar Jimenez	officer: CFO & Chief Compliance Officer	C/O MONAKER GROUP INC., 2690 WESTON ROAD, SUITE 200, WESTON FL 33331
Aaron Richard Johnston	director	3851 LINDELL RD, STE D131, LAS VEGAS NV 89103
Murray George Smith	director	11920 SOUTHERN HIGHLANDS PARKWAY,, SUITE 200, LAS VEGAS NV 89141
Luxor Capital Llc	10 percent owner	3651 LINDELL RD STE D131, LAS VEGAS NV 89103
Anthony Brian Goodman	director, 10 percent owner, officer: CEO	3651 LINDELL RD STE D131, LAS VEGAS NV 89103