HEAR (Turtle Beach) Interest Expense : $-5.3 Mil (TTM As of Sep. 2024)

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What is Turtle Beach Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Turtle Beach's interest expense for the three months ended in Sep. 2024 was $ -2.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-5.3 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. Turtle Beach's Operating Income for the three months ended in Sep. 2024 was $ 9.9 Mil. Turtle Beach's Interest Expense for the three months ended in Sep. 2024 was $ -2.7 Mil. Turtle Beach's Interest Coverage for the quarter that ended in Sep. 2024 was 3.66. 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.

Turtle Beach Interest Expense Historical Data

The historical data trend for Turtle Beach'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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Turtle Beach Interest Expense Chart

Turtle Beach Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.93

-0.47

-0.38

-1.22

-0.50

Turtle Beach Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.11	-0.25	-0.15	-2.22	-2.71

Turtle Beach 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 $-5.3 Mil.

Turtle Beach (NAS:HEAR) 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.

Turtle Beach's Interest Expense for the three months ended in Sep. 2024 was $-2.7 Mil. Its Operating Income for the three months ended in Sep. 2024 was $9.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $45.7 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	9.933	/	-2.712
	=	3.66

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

Turtle Beach Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Turtle Beach Corp (NAS:HEAR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

0ZNF:UK 0P1A:Germany

Address

44 South Broadway, 4th Floor, White Plains, NY, USA, 10601

Website

https://www.turtlebeach.com

Turtle Beach Corp specializes in gaming accessories, offering a diverse range including headsets, controllers, keyboards, mice, and simulation hardware. With nearly five decades of expertise, it's a innovator in audio technology, particularly dominant in console gaming headsets. Expanding beyond headsets, Turtle Beach now offers game controllers, flight and racing simulation accessories, and high-quality microphones. Operating globally, its products are available through numerous major retailers such as Amazon, Argos, Best Buy, GAME, GameStop, EB Games, Media Markt, Saturn, Target, and Walmart, with a significant revenue portion generated during the holiday season. The majority of its revenue stems from North America.

Executives

Lloyd Gregory Ballard	director	2 TOWNSEND ST, #2-1003, SAN FRANCISCO CA 94107
Cris Keirn	officer: Interim CEO	C/O TURTLE BEACH CORP, 44 SOUTH BROADWAY, 4TH FLOOR, WHITE PLAINS NY 10601
William Z Wyatt	director	240 26TH STREET, SUITE 3, SANTA MONICA CA 90402
Terry Jimenez	director	TRONC, INC., 435 NORTH MICHIGAN AVENUE, CHICAGO IL 60611
Katherine Lee Scherping	director	6312 SOUTH FIDDLERS GREEN CIRCLE, SUITE 200 NORTH, GREENWOOD VILLAGE CO 80111
Juergen M. Stark	director, officer: See Remarks	100 SUMMIT LAKE DRIVE, SUITE 100, VALHALLA NY 10594
Julia Sze	director	C/O 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
Michelle D Wilson	director	C/O WORLD WRESTLING ENTERTAINMENT, INC., 1241 EAST MAIN STREET, STAMFORD CT 06902
Andrew Wolfe	director	108 LEEWOOD CT., LOS GATOS CA 95032
John T Hanson	officer: CFO, Treasurer and Secretary	11011 VIA FRONTERA, SUITE A/B, SAN DIEGO CA 92127
William E Keitel	director
Brian Stech	director	910 W. LEGACY CENTER WAY, SUITE 500, MIDVALE UT 84047
Yie-hsin Hung	director	30 HUDSON STREET, JERSEY CITY NJ 07302
Kelly Ann Thompson	director	921 LINCOLN PL, PACIFICA CA 94044
Ronald Doornink	director	3100 OCEAN PARK BLVD, SANTA MONICA CA 90405