GURUFOCUS.COM » STOCK LIST » Technology » Software » NTG Clarity Networks Inc (OTCPK:NYWKF) » Definitions » Interest Expense

NYWKF (NTG Clarity Networks) Interest Expense : $-0.32 Mil (TTM As of Dec. 2024)


View and export this data going back to 2016. Start your Free Trial

What is NTG Clarity Networks Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NTG Clarity Networks's interest expense for the three months ended in Dec. 2024 was $ -0.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-0.32 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. NTG Clarity Networks's Operating Income for the three months ended in Dec. 2024 was $ 2.46 Mil. NTG Clarity Networks's Interest Expense for the three months ended in Dec. 2024 was $ -0.13 Mil. NTG Clarity Networks's Interest Coverage for the quarter that ended in Dec. 2024 was 18.39. 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.

NTG Clarity Networks Interest Expense Historical Data

The historical data trend for NTG Clarity Networks'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.

NTG Clarity Networks Interest Expense Chart

NTG Clarity Networks Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.21 -0.16 -0.24 -0.28 -0.31

NTG Clarity Networks Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -0.10 -0.06 -0.06 -0.07 -0.13

NTG Clarity Networks 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.32 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.

NTG Clarity Networks  (OTCPK:NYWKF) 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.

NTG Clarity Networks's Interest Expense for the three months ended in Dec. 2024 was $-0.13 Mil. Its Operating Income for the three months ended in Dec. 2024 was $2.46 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $4.32 Mil.

NTG Clarity Networks's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*2.464/-0.134
=18.39

* 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.

NTG Clarity Networks Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » NTG Clarity Networks Inc (OTCPK:NYWKF) » Definitions » Interest Expense
Comparable Companies
TSXV:QIS TSXV:ARGH XCNQ:URL TSX:XTRA XCNQ:CLTE TSXV:AMT TSXV:MHUB TSXV:CTZ TSXV:RSS NEOE:INXD XTER:SAP CRM NOW INTU UBER ADBE TSX:SHOP ADP MSTR APP
Traded in Other Exchanges
NCI:Canada
Address
2820 Fourteenth Avenue, Suite 202, Markham, ON, CAN, L3R 0S9
Website
https://www.ntgclarity.com
NTG Clarity Networks Inc provides digital transformation solutions software development outsourcing and software products. The group provides engineering, Information Technology, networking services, and developing niche software products for telecommunications and utilities. It also expanded into the financial and government sectors, providing technical resources and products to assist customers with projects that include digital transformation.