LAAB (Startech Labs) Interest Expense : $-0.03 Mil (TTM As of Aug. 2024)

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What is Startech Labs Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Startech Labs's interest expense for the three months ended in Aug. 2024 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was $-0.03 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. Startech Labs's Operating Income for the three months ended in Aug. 2024 was $ -0.02 Mil. Startech Labs's Interest Expense for the three months ended in Aug. 2024 was $ -0.01 Mil. Startech Labs 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.

Startech Labs Interest Expense Historical Data

The historical data trend for Startech Labs'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.

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Startech Labs Interest Expense Chart

Startech Labs Annual Data

Trend

May15

May16

May17

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May19

May20

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May24

Interest Expense

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-0.13

-0.05

-0.03

Startech Labs Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.01	-0.01

Startech Labs 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.03 Mil.

Startech Labs (OTCPK:LAAB) 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.

Startech Labs's Interest Expense for the three months ended in Aug. 2024 was $-0.01 Mil. Its Operating Income for the three months ended in Aug. 2024 was $-0.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2024 was $0.00 Mil.

Startech Labs's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Startech Labs did not have earnings to cover the interest expense.

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

Startech Labs Business Description

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244 Madison Avenue, New York, NY, USA, 10016-2817

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Startech Labs Inc was in the business of the creation and development of utility/entertainment apps for Google's Android and Apple's iOS platforms, through its wholly-owned subsidiary, Analog Nest Technologies, Inc. It then disposed of its mobile application company subsidiary, Analog Nest. Currently, it is evaluating future business opportunities.

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