RIME (Algorhythm Holdings) Interest Expense : $-1.89 Mil (TTM As of Dec. 2024)

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What is Algorhythm Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Algorhythm Holdings's interest expense for the three months ended in Dec. 2024 was $ -1.56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-1.89 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. Algorhythm Holdings's Operating Income for the three months ended in Dec. 2024 was $ -3.15 Mil. Algorhythm Holdings's Interest Expense for the three months ended in Dec. 2024 was $ -1.56 Mil. Algorhythm Holdings 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.

Algorhythm Holdings Interest Expense Historical Data

The historical data trend for Algorhythm Holdings'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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Algorhythm Holdings Interest Expense Chart

Algorhythm Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Dec24

Interest Expense

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-0.24

-0.41

-0.58

-0.48

-1.89

Algorhythm Holdings 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															-0.22	-0.03	-0.02	-0.28	-1.56

Algorhythm Holdings 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 $-1.89 Mil.

Algorhythm Holdings (NAS:RIME) 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.

Algorhythm Holdings's Interest Expense for the three months ended in Dec. 2024 was $-1.56 Mil. Its Operating Income for the three months ended in Dec. 2024 was $-3.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $0.39 Mil.

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

Algorhythm Holdings did not have earnings to cover the interest expense.

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

Algorhythm Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Algorhythm Holdings Inc (NAS:RIME) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

6301 NW 5th Way, Suite 2900, Fort Lauderdale, FL, USA, 33309

Website

https://www.singingmachine.com

Algorhythm Holdings Inc is a holding company with two primary investments. It operates through its subsidiaries, one of which is an emerging leader in the AI-enabled global logistics industry. The other subsidiary is engaged in consumer karaoke products, Which designs and distributes the industry's widest assortment of at-home and in-car karaoke entertainment products.

Executives

Stingray Group Inc.	10 percent owner	730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Ault Milton C Iii	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Jay B Foreman	director	6301 NW 5TH WAY,, SUITE 2900, FORT LAUDERDALE FL 33309
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Henry Carl Nisser	director	100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017
James Michael Turner	director	1800 HICKORY RIDGE DRIVE, WAXHAW NC 28173
Kenneth S Cragun	director	3775 CHIPPEWA CIRCLE, CORONA CA 92881
Mathieu Peloquin	director	730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Eric Boyko	10 percent owner	730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Bernardo Melo	officer: VP Sales	6601 LYONS ROAD, BUILDING A 7, COCONUT CREEK FL 33073
Joseph Kling	director	5846 NW 24TH AVENUE (UNIT #203), BOCA RATON FL 33496
Lau Sak Hong Aka Philip Lau	director	SHING DAO INDUSTRIAL BUILDING SECURITIES, 232 ABERDEEN MAIN ROAD 5TH FLO K3 00000
Gary Kevin Atkinson	officer: Secretary	1266 S MILITARY TRAIL, APT 5314, DEERFIELD BEACH FL 33442
Carol Lau	director	THE SINGING MACHINE COMPANY INC, 6601 LYONS ROAD BUILDING A 7, COCONUT CREEK FL 33073
Anton Handal	officer: CEO	425 TYRONE STREET, EL CAJON CA 92020