PRZO (ParaZero Technologies) Interest Expense : $0.00 Mil (TTM As of Dec. 2024)

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What is ParaZero Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ParaZero Technologies's interest expense for the six months ended in Dec. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 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. ParaZero Technologies's Operating Income for the six months ended in Dec. 2024 was $ -3.34 Mil. ParaZero Technologies's Interest Expense for the six months ended in Dec. 2024 was $ 0.00 Mil. GuruFocus does not calculate ParaZero Technologies's interest coverage with the available data. 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.

ParaZero Technologies Interest Expense Historical Data

The historical data trend for ParaZero Technologies'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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ParaZero Technologies Interest Expense Chart

ParaZero Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

-0.62

-0.02

-0.15

ParaZero Technologies Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial				-0.03	-0.07	-	-	-

ParaZero Technologies 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 semi-annually data reported by the company within the most recent 12 months, which was $0.00 Mil.

ParaZero Technologies (NAS:PRZO) 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.

ParaZero Technologies's Interest Expense for the six months ended in Dec. 2024 was $0.00 Mil. Its Operating Income for the six months ended in Dec. 2024 was $-3.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was $0.22 Mil.

ParaZero Technologies's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

GuruFocus does not calculate ParaZero Technologies's interest coverage with the available data.

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. ParaZero Technologies Ltd has enough cash to cover all of its debt. Its financial situation is stable.

ParaZero Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » ParaZero Technologies Ltd (NAS:PRZO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Dov Hoz, Kiryat Ono, ISR, 5555626

Website

https://www.parazero.com

ParaZero Technologies Ltd is an aerospace company that is focused on drone safety systems and engaged in the business of designing, developing, and providing autonomous parachute safety systems for commercial drones, also known as unmanned aerial systems. The ParaZero SafeAir system of the comapany applies real-time data analytics to identify and mitigate flight risks autonomously and increase safety for bystanders while protecting the loss of expensive drones, equipment, and payloads.