Latch (LTCH) Interest Expense : $-5.32 Mil (TTM As of Mar. 2022)

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What is Latch Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Latch's interest expense for the three months ended in Mar. 2022 was $ -0.86 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2022 was $-5.32 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. Latch's Operating Income for the three months ended in Mar. 2022 was $ -50.62 Mil. Latch's Interest Expense for the three months ended in Mar. 2022 was $ -0.86 Mil. Latch 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.

Latch Interest Expense Historical Data

The historical data trend for Latch'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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Latch Interest Expense Chart

Latch Annual Data

Trend

Dec19

Dec20

Dec21

Interest Expense

-3.17

-7.78

Latch Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Interest Expense	Get a 7-Day Free Trial				-3.32	-2.87	-0.78	-0.81	-0.86

Latch 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.32 Mil.

Latch (OTCPK:LTCH) 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.

Latch's Interest Expense for the three months ended in Mar. 2022 was $-0.86 Mil. Its Operating Income for the three months ended in Mar. 2022 was $-50.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2022 was $0.00 Mil.

Latch's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Latch did not have earnings to cover the interest expense.

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

Latch (LTCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Latch Inc (OTCPK:LTCH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

508 West 26th Street, Suite 6G, New York, NY, USA, 10001

Website

https://www.latch.com

Latch Inc makes spaces better places to live, work, and visit through a system of software, devices, and services. It specializes in keyless entry security systems to open and manage every door in an apartment building from a smartphone. LatchOS enables spaces across North America, including in 44 states and Canada, from affordable housing in Baltimore, to historic buildings in Manhattan, to luxury towers in the Midwest. Latch works with real estate developers, large and small, ranging from the largest real estate companies in the world to passionate local owners.

Executives

Keyes John J Iv	officer: Interim CEO	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Marc E Landy	officer: Interim CFO	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Junji Nakamura	officer: Chief Accounting Officer	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Barry Schaeffer	officer: Interim CFO & Treasurer	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Josh Wolfe	10 percent owner	C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Garth Mitchell	officer: CFO & Treasurer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Raju Rishi	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Ali Hussain	officer: Chief Operating Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Michael Brian Jones	officer: Chief Technology Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
J. Allen Smith	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Andrew Sugrue	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Luke Schoenfelder	director, officer: Chief Executive Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Reynolds James Madison Iv	10 percent owner	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Avenir Latch Investors, Llc	10 percent owner	C/O AVENIR MANAGEMENT COMPANY, LLC, 135 FIFTH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Avenir Management Company, Llc	10 percent owner	817 BROADWAY, 12TH FLOOR, NEW YORK NY 10003