RYDE (Ryde Group) Interest Expense : $-0.34 Mil (TTM As of Dec. 2023)

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What is Ryde Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ryde Group's interest expense for the six months ended in Dec. 2023 was $ -0.30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.34 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. Ryde Group's Operating Income for the six months ended in Dec. 2023 was $ -6.36 Mil. Ryde Group's Interest Expense for the six months ended in Dec. 2023 was $ -0.30 Mil. Ryde Group 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.

Ryde Group Interest Expense Historical Data

The historical data trend for Ryde Group'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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Ryde Group Interest Expense Chart

Ryde Group Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.09

-0.15

-0.34

Ryde Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	-	-0.07	-0.08	-0.04	-0.30

Ryde Group 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.34 Mil.

Ryde Group (AMEX:RYDE) 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.

Ryde Group's Interest Expense for the six months ended in Dec. 2023 was $-0.30 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-6.36 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $0.00 Mil.

Ryde Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Ryde Group did not have earnings to cover the interest expense.

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

Ryde Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ryde Group Ltd (AMEX:RYDE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

D0S:Germany

Address

No. 08-21, Duo Tower, 3 Fraser Street, Singapore, SGP, 189352

Website

https://www.rydesharing.com

Ryde Group Ltd is a company providing an super mobility app offering ultimate convenience and reliability for their customers through multiple mobility tools that can be accessed and function seamlessly out of a single app. The company operate in following segments such as being mobility where they provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and quick commerce where they provide on-demand, scheduled, and multi-stop parcel delivery services.

Ryde Group Headlines

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