SRCO (Sparta Commercial Services) Interest Expense : $-0.75 Mil (TTM As of Oct. 2024)

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What is Sparta Commercial Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sparta Commercial Services's interest expense for the three months ended in Oct. 2024 was $ -0.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2024 was $-0.75 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. Sparta Commercial Services's Operating Income for the three months ended in Oct. 2024 was $ -0.33 Mil. Sparta Commercial Services's Interest Expense for the three months ended in Oct. 2024 was $ -0.21 Mil. Sparta Commercial Services 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.

Sparta Commercial Services Interest Expense Historical Data

The historical data trend for Sparta Commercial Services'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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Sparta Commercial Services Interest Expense Chart

Sparta Commercial Services Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Interest Expense

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-1.27

-0.72

-0.43

-0.53

-0.58

Sparta Commercial Services Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Interest Expense	Get a 7-Day Free Trial															-0.14	-0.15	-0.15	-0.25	-0.21

Sparta Commercial Services 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.75 Mil.

Sparta Commercial Services (OTCPK:SRCO) 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.

Sparta Commercial Services's Interest Expense for the three months ended in Oct. 2024 was $-0.21 Mil. Its Operating Income for the three months ended in Oct. 2024 was $-0.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2024 was $0.34 Mil.

Sparta Commercial Services's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

Sparta Commercial Services did not have earnings to cover the interest expense.

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

Sparta Commercial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sparta Commercial Services Inc (OTCPK:SRCO) » Definitions » Interest Expense

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Address

555 Fifth Avenue, 14th Floor, New York, NY, USA, 10017

Website

https://www.spartacommercial.com

Sparta Commercial Services Inc through its subsidiaries offers technology products and services. The company develops, manages, and markets its business mobile applications for smartphones and tablets. Its mobile application offerings range from racetracks, private clubs, country clubs, restaurants, and grocery stores. The company serves small and medium-size businesses under the tradename iMobileApp. It generates maximum revenue from the application source.

Executives

Jeffrey Buchanan Bean	director	325 COTTON AVENUE, MACON GA 31201
Anthony L Havens	director, officer: CEO	555 FIFTH AVE., 14TH FLOOR, NEW YORK NY 10017
Sandra L Ahman	director, officer: VP	555 FIFTH AVE, 14TH FLOOR, NEW YORK NY 10017
Kristian Srb	director, 10 percent owner	555 FIFTH AVE., 14TH FLOOR, NEW YORK NY 10017
Richard P Trotter	officer: COO	370 LEXINGTON AVE., SUITE 1901, NEW YORK NY 10017
Anthony William Adler	officer: EVP	462 SEVENTH AVENUE, 20TH FLOOR, NEW YORK NY 10018
Leo Long	other: 8.85% OWNER	9109 LORIET BLVD., LENEXA KS 66219
Glenn Little	other: 5% Owner	211 WEST WALL ST, MIDLAND TX 70701
Michael J Mele	officer: Chief Financial Officer	462 SEVENTH AVE, 20TH FL., C/O SPARTA COMMERCIAL SERVICES, INC., NEW YORK NY 10018
Danny Lanjewar	officer: Chief Financial Officer