Hire Technologies (Hire Technologies) Interest Expense : $-0.26 Mil (TTM As of Sep. 2022)

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What is Hire Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hire Technologies's interest expense for the three months ended in Sep. 2022 was $ -0.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was $-0.26 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. Hire Technologies's Operating Income for the three months ended in Sep. 2022 was $ -0.39 Mil. Hire Technologies's Interest Expense for the three months ended in Sep. 2022 was $ -0.14 Mil. Hire Technologies 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.

Hire Technologies Interest Expense Historical Data

The historical data trend for Hire Technologies'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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Hire Technologies Interest Expense Chart

Hire Technologies Annual Data

Trend

Mar18

Mar19

Dec20

Dec21

Interest Expense

-0.10

-0.38

Hire Technologies Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial														-0.10	-0.11	-0.10	0.10	-0.14

Hire Technologies 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.26 Mil.

Hire Technologies (OTCPK:HIRRF) 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.

Hire Technologies's Interest Expense for the three months ended in Sep. 2022 was $-0.14 Mil. Its Operating Income for the three months ended in Sep. 2022 was $-0.39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was $2.26 Mil.

Hire Technologies's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Hire Technologies did not have earnings to cover the interest expense.

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

Hire Technologies (Hire Technologies) Business Description

Industry

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Traded in Other Exchanges

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Address

55 Adelaide Street East, Suite 400, Toronto, ON, CAN, M5C 1K6

Website

https://www.hire.company

Hire Technologies Inc is focused on the acquisition of information technology, staffing, and HR consulting firms. The company provides cross-selling opportunities, access to proprietary operational tools, and a scalable, centralized back-office system to support growth. The company considers its operations to consist of a single reportable segment. The segment derives its revenue from the provision of recruitment and related HR services to customers. All operations occur in Canada.