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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.

* Premium members only.

Startech Labs Interest Expense Chart

Startech Labs Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.13 -0.05 -0.03 -0.03 -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 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 -0.01 -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.

* 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.


Startech Labs  (OTCPK:LAAB) 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.

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.

* 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.


Startech Labs Business Description

Traded in Other Exchanges
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Address
244 Madison Avenue, New York, NY, USA, 10016-2817
Website
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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