IGEN (iGen Networks) Interest Expense: $-0.20 Mil (TTM As of Sep. 2023)


What is iGen Networks Interest Expense?

iGen Networks IGEN -99.00% Interest Expense is $-0.20 Mil as of Sep. 2023.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. iGen Networks's interest expense for the three months ended in Sep. 2023 was $ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 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. iGen Networks's Operating Income for the three months ended in Sep. 2023 was $ -0.08 Mil. iGen Networks's Interest Expense for the three months ended in Sep. 2023 was $ -0.05 Mil. iGen Networks 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.

iGen Networks  (OTCPK:IGEN) 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.

iGen Networks's Interest Expense for the three months ended in Sep. 2023 was $-0.05 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.17 Mil.

iGen Networks's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

iGen Networks did not have earnings to cover the interest expense.

* 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.

iGen Networks Interest Expense Historical Data

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The historical data trend for iGen Networks'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.

iGen Networks Interest Expense Chart

iGen Networks Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.17 -0.22 -0.38 -0.16 -0.19

iGen Networks Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.03 -0.07 -0.05 -0.04 -0.05

iGen Networks 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. 2023 adds up the quarterly 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-0.20 Mil mean?
iGen Networks (IGEN) has a Interest Expense of $-0.20 Mil as of Sep. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on iGen Networks and its competitors.
Is iGen Networks' Interest Expense too high?
iGen Networks' current Interest Expense is $-0.20 Mil.
How does iGen Networks' Interest Expense compare to TWOHD and ABQQ?
iGen Networks' Interest Expense of $-0.20 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Software company?
A good Interest Expense depends on the Software industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on iGen Networks and its competitors. iGen Networks's current Interest Expense is $-0.20 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iGen Networks stock overvalued right now?
iGen Networks (IGEN) has a current Interest Expense of $-0.20 Mil. The current Interest Expense is $-0.20 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For iGen Networks (IGEN), the current Interest Expense is $-0.20 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

iGen Networks Business Description

Address 31772 Casino Drive, Suite C, Lake Elsinore, CA, USA, 92530
iGen Networks Corp is engaged in the development and marketing of software services for the automotive industry. It has one reportable segment being Vehicle Tracking and Recovery Solutions. The company works with wireless carriers, hardware suppliers and software developers to provide direct and secure access to information on the vehicle and the driver's behavior. The software services are delivered from the AWS Cloud to the consumer and their families over the wireless networks and accessed from any mobile or desktop device. The software services are marketed to automotive dealers, financial institutions, and direct-to-consumer through various commercial and consumer brands. The company's brands include Nimbo Tracking, CU Trak, and Medallion GPS PRO.