Locafy (Locafy) Interest Expense : $-0.04 Mil (TTM As of Mar. 2024)

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What is Locafy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Locafy's interest expense for the three months ended in Mar. 2024 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.04 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. Locafy's Operating Income for the three months ended in Mar. 2024 was $ -0.42 Mil. Locafy's Interest Expense for the three months ended in Mar. 2024 was $ -0.01 Mil. Locafy 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.

Locafy Interest Expense Historical Data

The historical data trend for Locafy'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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Locafy Interest Expense Chart

Locafy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Interest Expense

-0.06

-0.03

-0.52

-0.03

Locafy Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial							-0.02	0.02	-0.01	-0.04	-0.01

Locafy 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.04 Mil.

Locafy (NAS:LCFY) 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.

Locafy's Interest Expense for the three months ended in Mar. 2024 was $-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.42 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.16 Mil.

Locafy's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Locafy did not have earnings to cover the interest expense.

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

Locafy (Locafy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Locafy Ltd (NAS:LCFY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

246 Churchill Avenue, Subiaco, Perth, WA, AUS, 6008

Website

https://www.locafy.com

Locafy Ltd is focused on commercializing its Software as a Service (SaaS) online publishing technology platform. Its platform enables the ability to publish almost any type of content to almost any device that uses a web browser to display web content. The firm has three operating segments: the Publishing segment, the Reseller segment, and the Channel sales segment. It derives a majority of its revenue from Australia and New Zealand.