PRST (Presto Automation) Interest Expense: $-13.80 Mil (TTM As of Mar. 2024)


What is Presto Automation Interest Expense?

Presto Automation PRST -99.00% Interest Expense is $-13.80 Mil as of Mar. 2024.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Presto Automation's interest expense for the three months ended in Mar. 2024 was $ -3.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-13.80 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. Presto Automation's Operating Income for the three months ended in Mar. 2024 was $ -15.30 Mil. Presto Automation's Interest Expense for the three months ended in Mar. 2024 was $ -3.13 Mil. Presto Automation 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.

Presto Automation  (OTCPK:PRST) 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.

Presto Automation's Interest Expense for the three months ended in Mar. 2024 was $-3.13 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-15.30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

Presto Automation's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Presto Automation 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.

Presto Automation Interest Expense Historical Data

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The historical data trend for Presto Automation'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.

Presto Automation Interest Expense Chart

Presto Automation Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Interest Expense
-2.34 -5.27 -5.43 -12.76

Presto Automation Quarterly Data
Jun20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -2.99 -3.36 -3.76 -3.56 -3.13

Presto Automation 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 $-13.80 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-13.80 Mil mean?
Presto Automation (PRST) has a Interest Expense of $-13.80 Mil as of Mar. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Presto Automation and its competitors.
Is Presto Automation's Interest Expense too high?
Presto Automation's current Interest Expense is $-13.80 Mil.
How does Presto Automation's Interest Expense compare to BOMO and CRM?
Presto Automation's Interest Expense of $-13.80 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Software company?
A good Interest Expense depends on the Software industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Presto Automation and its competitors. Presto Automation's current Interest Expense is $-13.80 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Presto Automation stock overvalued right now?
Presto Automation (PRST) has a current Interest Expense of $-13.80 Mil. The current Interest Expense is $-13.80 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Presto Automation (PRST), the current Interest Expense is $-13.80 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Presto Automation Business Description

Address 985 Industrial Road, San Carlos, CA, USA, 94070
Presto Automation Inc overlays next-gen digital solutions onto the physical world. It provides an accurate, next-gen solution that uses artificial intelligence to automate speech recognition for restaurant drive-thru. The Company earns substantially all of its revenue in the United States.