SRKE (Strake) Interest Expense: $-0.07 Mil (TTM As of Apr. 2020)

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What is Strake Interest Expense?

Strake SRKE Interest Expense is $-0.07 Mil as of Apr. 2020.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Strake's interest expense for the three months ended in Apr. 2020 was $ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2020 was $-0.07 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. Strake's Operating Income for the three months ended in Apr. 2020 was $ -0.03 Mil. Strake's Interest Expense for the three months ended in Apr. 2020 was $ -0.03 Mil. Strake 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.

Strake  (OTCPK:SRKE) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Strake's Interest Expense for the three months ended in Apr. 2020 was $-0.03 Mil. Its Operating Income for the three months ended in Apr. 2020 was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2020 was $0.00 Mil.

Strake's Interest Coverage for the quarter that ended in Apr. 2020 is calculated as

Strake did not have earnings to cover the interest expense.

* 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.

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

Strake Interest Expense Historical Data

* Premium members only.

The historical data trend for Strake'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.

Strake Interest Expense Chart

Strake Annual Data
Trend Sep15 Sep16 Sep17
Interest Expense
0.00 0.00 0.00

Strake Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Jan20 Apr20
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.04 -0.08 -0.02 -0.02 -0.03

Strake 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 Apr. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.07 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-0.07 Mil mean?
Strake (SRKE) has a Interest Expense of $-0.07 Mil as of Apr. 2020. Interest Expense is the amount a company pays on its long-term debt. View historical data on Strake and its competitors.
Is Strake's Interest Expense too high?
Strake's current Interest Expense is $-0.07 Mil.
How does Strake's Interest Expense compare to IPDN and TRXD?
Strake's Interest Expense of $-0.07 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Consumer Packaged Goods company?
A good Interest Expense depends on the Consumer Packaged Goods industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Strake and its competitors. Strake's current Interest Expense is $-0.07 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Strake stock overvalued right now?
Strake (SRKE) has a current Interest Expense of $-0.07 Mil. The current Interest Expense is $-0.07 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Strake (SRKE), the current Interest Expense is $-0.07 Mil as of Apr. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Strake Business Description

Address 621 North West 53rd Street, Suite 125, Boca Raton, FL, USA, 33487
Strake Inc is building and operating an online marketplace, River24, for boats bringing owners and users together, enabling a proper use of resources through a uniform standardization. Through its online marketplace the company provides platform for yachting and boat rental services.