IGOT (Fomo Worldwide) Interest Expense: $-0.42 Mil (TTM As of Mar. 2024)


What is Fomo Worldwide Interest Expense?

Fomo Worldwide IGOT Interest Expense is $-0.42 Mil as of Mar. 2024.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fomo Worldwide's interest expense for the three months ended in Mar. 2024 was $ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.42 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. Fomo Worldwide's Operating Income for the three months ended in Mar. 2024 was $ -0.06 Mil. Fomo Worldwide's Interest Expense for the three months ended in Mar. 2024 was $ -0.06 Mil. Fomo Worldwide 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.

Fomo Worldwide  (OTCPK:IGOT) 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.

Fomo Worldwide's Interest Expense for the three months ended in Mar. 2024 was $-0.06 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.14 Mil.

Fomo Worldwide's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Fomo Worldwide 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.

Fomo Worldwide Interest Expense Historical Data

* Premium members only.

The historical data trend for Fomo Worldwide'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.

Fomo Worldwide Interest Expense Chart

Fomo Worldwide Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.12 -0.17 -0.82 -1.08 -0.63

Fomo Worldwide Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.26 -0.25 -0.06 -0.05 -0.06

Fomo Worldwide 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 quarterly data reported by the company within the most recent 12 months, which was $-0.42 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 $-0.42 Mil mean?
Fomo Worldwide (IGOT) has a Interest Expense of $-0.42 Mil as of Mar. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Fomo Worldwide and its competitors.
Is Fomo Worldwide's Interest Expense too high?
Fomo Worldwide's current Interest Expense is $-0.42 Mil.
How does Fomo Worldwide's Interest Expense compare to TNRG and BLK?
Fomo Worldwide's Interest Expense of $-0.42 Mil can be compared against companies in the Asset Management 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 an Asset Management company?
A good Interest Expense depends on the Asset Management 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 Fomo Worldwide and its competitors. Fomo Worldwide's current Interest Expense is $-0.42 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fomo Worldwide stock overvalued right now?
Fomo Worldwide (IGOT) has a current Interest Expense of $-0.42 Mil. The current Interest Expense is $-0.42 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 Fomo Worldwide (IGOT), the current Interest Expense is $-0.42 Mil as of Mar. 2024. 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.

Fomo Worldwide Business Description

Address 625 Stanwix Street, Suite 2504, Pittsburgh, PA, USA, 15222
Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.