NBND (NetBrands) Interest Expense : $-0.24 Mil (TTM As of Sep. 2024)

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What is NetBrands Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NetBrands's interest expense for the three months ended in Sep. 2024 was $ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.24 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. NetBrands's Operating Income for the three months ended in Sep. 2024 was $ -0.05 Mil. NetBrands's Interest Expense for the three months ended in Sep. 2024 was $ -0.00 Mil. NetBrands 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.

NetBrands Interest Expense Historical Data

The historical data trend for NetBrands'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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NetBrands Interest Expense Chart

NetBrands Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.03

-0.01

-0.02

-0.41

NetBrands Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.30	-	-0.23	-0.01	-

NetBrands 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.24 Mil.

NetBrands (OTCPK:NBND) 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.

NetBrands's Interest Expense for the three months ended in Sep. 2024 was $-0.00 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.50 Mil.

NetBrands's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

NetBrands did not have earnings to cover the interest expense.

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

NetBrands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NetBrands Corp (OTCPK:NBND) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

4042 Austin Boulevard, Suite B, Island Park, NY, USA, 11558

Website

https://www.gdmginc.com

NetBrands Corp is an early-stage diversified holdings company that sells multiple products under common management with one of them a global multi-line consumer packaged goods (CPG) company with branded product lines in the food and snack industry. This division operates as a marketer and distributor in the United States, Canada, and Europe. Another division is focused and involved in building and acquiring e-commerce assets as well as private businesses in various verticals.

Executives

Paul Adler	director, 10 percent owner, officer: President, Secretary and CEO	4042 AUSTIN BOULEVARD SUITE B, ISLAND PARK NY 11558
David Natan	director	11190 BISCAYNE BLVD, MIAMI FL 33181
Michael Cascione	director	1309 SHELBOURNE AVE, MAMARONECK NY 10543
Sandra G. Williams	director	122 SCHOOL ST., FRAMINGHAM MA 01701
James Curtis Donegan	director	6080 S. CHESTER WAY, GREENWOOD VILLAGE CO 80111
James M Cassidy	other: frmer dir., officer: 5% sh	215 APOLENA AVENUE, NEWPORT BEACH CA 92662
James K Mckillop	other: frmer dir., officer: 5% sh	9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212