What is Paid Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Paid's interest expense for the
three
months ended in Mar. 2024 was $ 0.00 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $0.00 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. Paid's Operating Income for the
three
months ended in Mar. 2024 was $ -0.04 Mil. Paid's Interest Expense for the
three
months ended in Mar. 2024 was $ 0.00 Mil.
Paid has no long-term debt (1).
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.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Paid 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 $0.00 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.
Paid (OTCPK:PAYD) 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.
Paid's Interest Expense for the
three
months ended in Mar. 2024 was $0.00 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $-0.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $0.00 Mil.
Paid's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
| Paid had no long-term debt (1). |
* 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.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Paid Inc has enough cash to cover all of its debt. Its financial situation is stable.
Paid (PAYD) Business Description
Traded in Other Exchanges
N/A
Address
225 Cedar Hill Street, Suite 200, Marlborough, MA, USA, 01752
Paid Inc is an all-in-one e-commerce service platform focusing on web development and online auctions. It operates in six segments: Client services, Shipping calculator services, Brewery management software, Merchant processing services, and shipping coordination & label generation services, and corporate operations. The majority of its revenue comes from its shipping coordination & label generation services segment. Some of its products are PaidWeb, PaidCart, PaidPayments, and PaidShipping. Its geographical segments are Canada and the United States, of which the majority of its revenue comes from Canada.
Executives
| David Daniel Scott |
officer: Chief Operating Officer |
798 UPPER KENILWORTH AVE, HAMILTON A6 L8T5A4 |
| Christopher J Coghlin |
10 percent owner |
27 OTIS STREET, WESTBOROUGH MA 01581 |
| Pratt Allan |
director |
79 LAURENDALE AVENUE, WATERDOWN A6 L0R 2H3 |
| Laurie Diane Bradley |
director |
8128 TIMBER TRAIL, WHITE LAKE MI 48386 |
| David Ogden |
director |
6517 AUTUMN WOODS BLVD., NAPLES FL 34109 |
| Terry Fokas |
director |
6630 NORTHPORT DRIVE, DALLAS TX 75230 |
| James P O'neil |
director |
C/O PAID, INC., 40 WASHINGTON STREET, SUITE 3000, WESTBOROUGH MA 01581 |
| Lewis William Austin Iv |
director, officer: President and CEO |
201 E 87TH STREET, APT 5H, NEW YORK NY 10128 |
| Andrew Pilaro |
director |
C/O SALES ONLINE DIRECT INC, 4 BRUSSELS ST, WORCESTER MA 01610 |
| Christopher Culross |
officer: CFO, Treas., Asst. Secretary |
4 BRUSSELS STREET, WORCESTER MA 01610 |
| Gregory Rotman |
director, officer: President and CEO |
C/O PAID INC, 4 BRUSSELS STREET, WORCESTER MA 01610 |
| Augustine Fund Lp |
10 percent owner |
141 WEST JACKSON BLVD. STE. 2182, CHICAGO IL 60606 |
| Thomas F Duszynski |
10 percent owner |
141 W. JACKSON, SUITE 2182, CHICAGO IL 60604 |
| John T Porter |
10 percent owner |
141 W. JACKSON, SUITE 2182, CHICAGO IL 60604 |
| Brian D Porter |
10 percent owner |
141 W. JACKSON, SUITE 2182, CHICAGO IL 60604 |
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