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GMM (Global Mofy AI) Interest Expense : $-0.20 Mil (TTM As of Mar. 2024)


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What is Global Mofy AI Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Global Mofy AI's interest expense for the six months ended in Mar. 2024 was $ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.20 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. Global Mofy AI's Operating Income for the six months ended in Mar. 2024 was $ 6.71 Mil. Global Mofy AI's Interest Expense for the six months ended in Mar. 2024 was $ -0.12 Mil. Global Mofy AI's Interest Coverage for the quarter that ended in Mar. 2024 was 56.86. 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.

Global Mofy AI Interest Expense Historical Data

The historical data trend for Global Mofy AI'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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Global Mofy AI Interest Expense Chart

Global Mofy AI Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Interest Expense
- -0.03 -0.08 -0.13

Global Mofy AI Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Interest Expense Get a 7-Day Free Trial -0.04 -0.04 -0.05 -0.08 -0.12

Global Mofy AI 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.20 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.

Global Mofy AI  (NAS:GMM) 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.

Global Mofy AI's Interest Expense for the six months ended in Mar. 2024 was $-0.12 Mil. Its Operating Income for the six months ended in Mar. 2024 was $6.71 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was $0.45 Mil.

Global Mofy AI's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*6.71/-0.118
=56.86

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Global Mofy AI Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Global Mofy AI Business Description

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No. A12, Xidian Memory Cultural and Creative Town, No. 102, 1st Floor, Gaobeidian Township, Chaoyang District, Beijing, CHN, 100000
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Global Mofy Metaverse Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.