Image Protect (Image Protect) Interest Expense : $-0.02 Mil (TTM As of Sep. 2023)

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What is Image Protect Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Image Protect's interest expense for the three months ended in Sep. 2023 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.02 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. Image Protect's Operating Income for the three months ended in Sep. 2023 was $ 0.00 Mil. Image Protect's Interest Expense for the three months ended in Sep. 2023 was $ -0.02 Mil. Image Protect's Interest Coverage for the quarter that ended in Sep. 2023 was 0.06. 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.

Image Protect Interest Expense Historical Data

The historical data trend for Image Protect'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.

* Premium members only.

Image Protect Interest Expense Chart

Image Protect Annual Data

Trend

Dec01

Dec02

Dec03

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Dec06

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Dec15

Dec16

Interest Expense

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-0.03

-0.19

Image Protect Quarterly Data
	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Sep22	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.03	-0.05	-0.06	-0.05	-0.02

Image Protect 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 $-0.02 Mil.

Image Protect (OTCPK:IMTL) 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.

Image Protect's Interest Expense for the three months ended in Sep. 2023 was $-0.02 Mil. Its Operating Income for the three months ended in Sep. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.00 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	0.001	/	-0.018
	=	0.06

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Image Protect Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Image Protect (Image Protect) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Image Protect Inc (OTCPK:IMTL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Wall Street, 8 Floor, New York, NY, USA, 10005

Website

https://www.imageprotect.com

Image Protect Inc is a media company focusing on microcap news, information and disclosure, crypto, blockchain, and streaming digital assets. Its digital asset library and proprietary technology via its subsidiary Fotofy. are conducive to the foundation of an impactful NFT marketplace.