What is ITEX Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ITEX's interest expense for the
six
months ended in Jul. 2024 was $ 0.00 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Jul. 2024 was $0.00 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. ITEX's Operating Income for the
six
months ended in Jul. 2024 was $ 0.61 Mil. ITEX's Interest Expense for the
six
months ended in Jul. 2024 was $ 0.00 Mil.
ITEX has no long-term debt (1).
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.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
ITEX Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Jul. 2024 was $0.00 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.
ITEX (OTCPK:ITEX) 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.
ITEX's Interest Expense for the
six
months ended in Jul. 2024 was $0.00 Mil. Its
Operating Income
for the
six
months ended in Jul. 2024 was $0.61 Mil. And its Long-Term Debt & Capital Lease Obligation for the
six
months ended in Jul. 2024 was $0.00 Mil.
ITEX's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as
| ITEX had no long-term debt (1). |
* 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.
Good Sign:
ITEX Corp has no debt.
ITEX Business Description
Traded in Other Exchanges
N/A
Address
13555 South East 36th Street, Suite 210, Bellevue, WA, USA, 98006
ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. It generates revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.
Executives
| Lion Fund, L.p. |
10 percent owner |
19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259 |
| Biglari Capital Corp. |
10 percent owner, other: See Explanation of Responses |
19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259 |
| Kevin H Callan |
director |
3326 160TH AVE. SE, STE. 100, BELLEVUE WA 98008 |
| Timothy R Morones |
director |
3326 160TH AVE SE STE 100, BELLEVUE WA 98008 |
| Sardar Biglari, |
10 percent owner, other: See Explanation of Responses |
C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259 |
| Biglari Holdings Inc. |
10 percent owner, other: See Explanation of Responses |
17802 IH 10 WEST, SUITE 400, SAN ANTONIO TX 78257 |
| Western Sizzlin Corp |
10 percent owner, other: See Explanation of Responses |
317 KIMBALL AVENUE NW, ROANOKE VA 24016 |
| G. Andrew Cooke |
10 percent owner |
3110 9TH ROAD N. APT. B, ARLINGTON VA 22201 |
| David Polonitza |
10 percent owner |
54B SANDRA CIRCLE, APT B1, WESTFIELD NJ 07090 |
| Pagidipati Family Limited Partnership |
10 percent owner |
2955 SE 3RD COURT, OCALA FL 34471 |
| Corner Market Capital Corp |
10 percent owner |
BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1 |
| Sanjeev Parsad |
10 percent owner |
21-355 DUTHIE AVENUE, BURNABY A1 V5A-2P3 |
| Alnesh Mohan |
10 percent owner |
702-583 BEACH CRESCENT, VANCOUVER A1 V6Z-3E6 |
| Corner Market Capital U.s., Inc. |
10 percent owner |
BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1 |
| Mpic Fund I Lp |
10 percent owner |
1199 WEST PENDER STREET, SUITE 680, VANCOUVER A1 V6E 2R1 |
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