What is Singing Machine Co Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Singing Machine Co's interest expense for the
three
months ended in Dec. 2023 was $ -0.22 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.36 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. Singing Machine Co's Operating Income for the
three
months ended in Dec. 2023 was $ -3.82 Mil. Singing Machine Co's Interest Expense for the
three
months ended in Dec. 2023 was $ -0.22 Mil.
Singing Machine Co 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.
Singing Machine Co 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.36 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.
Singing Machine Co (NAS:MICS) 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.
Singing Machine Co's Interest Expense for the
three
months ended in Dec. 2023 was $-0.22 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $-3.82 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $3.93 Mil.
Singing Machine Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
| Singing Machine Co 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.
Singing Machine Co (Singing Machine Co) Business Description
Traded in Other Exchanges
N/A
Address
6301 NW 5th Way, Suite 2900, Fort Lauderdale, FL, USA, 33309
Singing Machine Co Inc is engaged in the development, production, marketing and distribution of consumer karaoke audio equipment, toy products, accessories, music, and audio consumer electronic products. It contracts for the manufacturing of all its electronic equipment products with factories located in China. The company has also collaborated with a music content service provider that allows the company to offer karaoke downloads and streaming subscription services. This collaboration provides the company with a distribution platform for digital music sales and subscriptions and music sales to customers. Geographically, it derives a majority of revenue from North America and also has a presence in Europe; Asia, and Australia.
Executives
| Jay B Foreman |
director |
6301 NW 5TH WAY,, SUITE 2900, FORT LAUDERDALE FL 33309 |
| Stingray Group Inc. |
10 percent owner |
730 WELLINGTON STREET, MONTREAL A8 H3C 1T4 |
| Ault Milton C Iii |
10 percent owner |
11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
| Bitnile Holdings, Inc. |
10 percent owner |
11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
| Henry Carl Nisser |
director |
100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017 |
| James Michael Turner |
director |
1800 HICKORY RIDGE DRIVE, WAXHAW NC 28173 |
| Kenneth S Cragun |
director |
3775 CHIPPEWA CIRCLE, CORONA CA 92881 |
| Mathieu Peloquin |
director |
730 WELLINGTON STREET, MONTREAL A8 H3C 1T4 |
| Eric Boyko |
10 percent owner |
730 WELLINGTON STREET, MONTREAL A8 H3C 1T4 |
| Bernardo Melo |
officer: VP Sales |
6601 LYONS ROAD, BUILDING A 7, COCONUT CREEK FL 33073 |
| Joseph Kling |
director |
5846 NW 24TH AVENUE (UNIT #203), BOCA RATON FL 33496 |
| Lau Sak Hong Aka Philip Lau |
director |
SHING DAO INDUSTRIAL BUILDING SECURITIES, 232 ABERDEEN MAIN ROAD 5TH FLO K3 00000 |
| Gary Kevin Atkinson |
officer: Secretary |
1266 S MILITARY TRAIL, APT 5314, DEERFIELD BEACH FL 33442 |
| Carol Lau |
director |
THE SINGING MACHINE COMPANY INC, 6601 LYONS ROAD BUILDING A 7, COCONUT CREEK FL 33073 |
| Anton Handal |
officer: CEO |
425 TYRONE STREET, EL CAJON CA 92020 |
Singing Machine Co (Singing Machine Co) Headlines
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