SCKT (Socket Mobile) Interest Expense : $-0.30 Mil (TTM As of Sep. 2024)

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What is Socket Mobile Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Socket Mobile's interest expense for the three months ended in Sep. 2024 was $ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.30 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. Socket Mobile's Operating Income for the three months ended in Sep. 2024 was $ -1.03 Mil. Socket Mobile's Interest Expense for the three months ended in Sep. 2024 was $ -0.08 Mil. Socket Mobile 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.

Socket Mobile Interest Expense Historical Data

The historical data trend for Socket Mobile'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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Socket Mobile Interest Expense Chart

Socket Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.10

-0.20

-0.18

-0.24

Socket Mobile Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.08	-0.07	-0.07	-0.07	-0.08

Socket Mobile 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.30 Mil.

Socket Mobile (NAS:SCKT) 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.

Socket Mobile's Interest Expense for the three months ended in Sep. 2024 was $-0.08 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-1.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $2.43 Mil.

Socket Mobile's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Socket Mobile did not have earnings to cover the interest expense.

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

Socket Mobile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Socket Mobile Inc (NAS:SCKT) » Definitions » Interest Expense

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Address

40675 Encyclopedia Circle, Fremont, CA, USA, 94538

Website

https://www.socketmobile.com

Socket Mobile Inc is a producer of data capture products. The company's products are integrated into mobile applications used in mobile point of sale (mPOS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The company offers barcode scanning products for both one-dimensional, including imager and laser, and two-dimensional barcode scanning in standard and durable cases. The company's geographical segments are the Americas, Europe, Asia Pacific, and Africa, out of which the majority of the revenue is generated from the United States.

Executives

Charlie Bass	director	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Parnell William L. Jr	director	40675 ENCYCLOPEDIA CIR, FREMONT CA 94538
Kevin J Mills	director, officer: President and CEO	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Giacomo Marini	director	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Laura Weinstein	director	40675 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538
Leonard L Ott	officer: Chief Technical Officer	37400 CENTRAL COURT, NEWARK CA 94560
David A. Holmes	officer: Chief Business Officer	39700 EUREKA DRIVE, NEWARK CA 94560
Lynn Zhao	officer: Vice President and Controller	39700 EUREKA DRIVE, NEWARK CA 94560
David W Dunlap	officer: CFO	37400 CENTRAL COURT, NEWARK CA 94560
Ivan Lazarev	director	40675 ENCYCLOPEDIA CIR, FREMONT CA 94538
Nelson C Chan	director	C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Brenton Earl Macdonald	director	39700 EUREKA DRIVE, NEWARK CA 94560
James Lopez	officer: VP Marketing & Business Dev.	39700 EUREKA DRIVE, NEWARK CA 94560
Erik L. Fidel	director	39700 EUREKA DRIVE, NEWARK CA 94560
Kevin R Jost	director	10370 RICHMOND AVENUE, SUITE 600, HOUSTON TX 77042