KTPPF (Katipult Technology) Interest Expense: $-0.65 Mil (TTM As of Sep. 2024)


What is Katipult Technology Interest Expense?

Katipult Technology KTPPF Interest Expense is $-0.65 Mil as of Sep. 2024.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Katipult Technology's interest expense for the three months ended in Sep. 2024 was $ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.65 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. Katipult Technology's Operating Income for the three months ended in Sep. 2024 was $ -0.36 Mil. Katipult Technology's Interest Expense for the three months ended in Sep. 2024 was $ -0.12 Mil. Katipult Technology 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.

Katipult Technology  (OTCPK:KTPPF) 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.

Katipult Technology's Interest Expense for the three months ended in Sep. 2024 was $-0.12 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.36 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1.32 Mil.

Katipult Technology's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Katipult Technology 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.

Katipult Technology Interest Expense Historical Data

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The historical data trend for Katipult Technology'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.

Katipult Technology Interest Expense Chart

Katipult Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial -0.21 -0.26 -0.42 -0.49 -0.64

Katipult Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -0.16 -0.20 -0.21 -0.13 -0.12

Katipult Technology 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.65 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 $-0.65 Mil mean?
Katipult Technology (KTPPF) has a Interest Expense of $-0.65 Mil as of Sep. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Katipult Technology and its competitors.
Is Katipult Technology's Interest Expense too high?
Katipult Technology's current Interest Expense is $-0.65 Mil.
How does Katipult Technology's Interest Expense compare to CRM and INTU?
Katipult Technology's Interest Expense of $-0.65 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 Katipult Technology and its competitors. Katipult Technology's current Interest Expense is $-0.65 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Katipult Technology stock overvalued right now?
Katipult Technology (KTPPF) has a current Interest Expense of $-0.65 Mil. The current Interest Expense is $-0.65 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 Katipult Technology (KTPPF), the current Interest Expense is $-0.65 Mil as of Sep. 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.

Katipult Technology Business Description

Address 900-903 8th Avenue Sw, Suite 1600, Calgary, AB, CAN, T2P 0P7
Katipult Technology Corp is engaged in providing enterprise software and software-related services. It operates as a financial technology company offering a cloud-based software infrastructure that allows firms to design, set up and operate an investment platform. The platform includes modules for various user types, including investors, issuers, administrators, and auditors, among others. It generates subscription revenue and integration revenue. Subscription revenue consists of monthly recurring SaaS revenue earned by providing access to the Platform whereas Integration revenue consists of revenue arising from the provision of regulatory consulting, marketing consulting, and customization services to clients. It has a business presence in Canada, the U.K., and other countries.