SNIPF (Snipp Interactive) Interest Expense : $0.00 Mil (TTM As of Jun. 2024)

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What is Snipp Interactive Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Snipp Interactive's interest expense for the three months ended in Jun. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 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. Snipp Interactive's Operating Income for the three months ended in Jun. 2024 was $ -0.53 Mil. Snipp Interactive's Interest Expense for the three months ended in Jun. 2024 was $ 0.00 Mil. GuruFocus does not calculate Snipp Interactive'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.

Snipp Interactive Interest Expense Historical Data

The historical data trend for Snipp Interactive'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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Snipp Interactive Interest Expense Chart

Snipp Interactive Annual Data

Trend

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Interest Expense

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Snipp Interactive Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Snipp Interactive 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Snipp Interactive (OTCPK:SNIPF) 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.

Snipp Interactive's Interest Expense for the three months ended in Jun. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Jun. 2024 was $-0.53 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $0.48 Mil.

Snipp Interactive's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

GuruFocus does not calculate Snipp Interactive'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. Snipp Interactive Inc has enough cash to cover all of its debt. Its financial situation is stable.

Snipp Interactive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Snipp Interactive Inc (OTCPK:SNIPF) » Definitions » Interest Expense

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SPN:Canada

Address

666 Burrard Street, Suite 1700, Vancouver, BC, CAN, V6C 2X8

Website

https://www.snipp.com

Snipp Interactive Inc a loyalty and promotions technology company develops and sells mobile-based promotions software applications and associated campaign services. The company provides its products in a range of solution sets, which include Purchase Promotions and Receipt Processing; Loyalty Programs; Mobile Promotions and Contests; Reward Solutions; Rebate Solutions, and Data Analytics. It offers software applications, which allow advertising agencies, brands, and media to engage and interact with customers. Geographically it operates through in several cities in the United States, and international operations in Canada, India, and Ireland. It derived the majority of its revenues from the United States.