SING (SinglePoint) Interest Expense : $-3.39 Mil (TTM As of Sep. 2024)

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What is SinglePoint Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SinglePoint's interest expense for the three months ended in Sep. 2024 was $ -0.63 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-3.39 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. SinglePoint's Operating Income for the three months ended in Sep. 2024 was $ -0.97 Mil. SinglePoint's Interest Expense for the three months ended in Sep. 2024 was $ -0.63 Mil. SinglePoint 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.

SinglePoint Interest Expense Historical Data

The historical data trend for SinglePoint'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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SinglePoint Interest Expense Chart

SinglePoint Annual Data

Trend

Oct08

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.06

-2.66

-0.17

-1.61

-2.13

SinglePoint 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															-0.46	-0.57	-1.44	-0.75	-0.63

SinglePoint 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 $-3.39 Mil.

SinglePoint (OTCPK:SING) 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.

SinglePoint's Interest Expense for the three months ended in Sep. 2024 was $-0.63 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.97 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1.14 Mil.

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

SinglePoint did not have earnings to cover the interest expense.

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

SinglePoint Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SinglePoint Inc (OTCPK:SING) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

3104 East Camelback Road, Suite 2137, Phoenix, AZ, USA, 85016

Website

https://www.singlepoint.com

SinglePoint Inc is a renewable and sustainable solution company focused on solar power and indoor air purification. Its primary focus is sustainability by providing an integrated solar energy solution for the customers and clean environment solutions through its air purification business. The company's subsidiary, BOX Pure Air, is engaged in the Indoor Air Quality sector addressing the need for air purification in schools and offices. SinglePoint is exploring future acquisition and growth opportunities in energy storage, electric vehicle charging, solar as a subscription service and additional energy-efficient appliances that enhance sustainability.

Executives

Greg Paul Lambrecht	director, 10 percent owner, officer: CEO	2999 NORTH 44TH STREET, SUITE 530, PHOENIX AZ 85018
Jeffrey Allen Nomura	director	5012 BEACH DR SW, SEATTLE WA 98136
Eric Lofdahl	director	2999 NORTH 44TH STREET, SUITE 530, PHOENIX AZ 85018
Wil Ralston	director, officer: President	3920 E THOMAS ROAD, #97292, PHOENIX AZ 85060
Venugopal Aravamudan	director	2999 NORTH 44TH STREET, SUITE 530, PHOENIX AZ 85018
Hans J Schulte	director, 10 percent owner, officer: President	2300 E SAHARA AVENUE, SUITE 800, LAS VEGAS NV 89102
Ivan Braverman	director, 10 percent owner, officer: Chief Financial Officer	1255 MCDONALD DRIVE, PRESCOTT AZ 86303
Prabaharan Subramaniam	director, 10 percent owner, officer: CHIEF TECHNOLOGY OFFICER	2300 E. SAHARA AVENUE, SUITE 800, LAS VEGAS NV 89102