Inseego (STU:INO0) Interest Expense : €-8.6 Mil (TTM As of Mar. 2024)

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What is Inseego Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Inseego's interest expense for the three months ended in Mar. 2024 was € -2.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-8.6 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. Inseego's Operating Income for the three months ended in Mar. 2024 was € -1.2 Mil. Inseego's Interest Expense for the three months ended in Mar. 2024 was € -2.0 Mil. Inseego 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.

Inseego Interest Expense Historical Data

The historical data trend for Inseego'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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Inseego Interest Expense Chart

Inseego Annual Data

Trend

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Interest Expense

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-18.34

-8.17

-6.08

-8.12

-8.32

Inseego Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1.87	-1.86	-2.71	-1.99	-2.00

Inseego 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-8.6 Mil.

Inseego (STU:INO0) 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.

Inseego's Interest Expense for the three months ended in Mar. 2024 was €-2.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-1.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €151.9 Mil.

Inseego's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Inseego did not have earnings to cover the interest expense.

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

Inseego (STU:INO0) Business Description

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INSG:USA INO:Germany

Address

9710 Scranton Road, Suite 200, Suite 200, CA, USA, 92121

Website

https://www.inseego.com

Inseego Corp is into the design and development of fixed and mobile wireless solutions (advanced 4G and 5G NR), Industrial Internet of Things and cloud solutions for enterprises, service providers, small and medium-sized businesses, governments, and consumers around the globe. The product portfolio consists of fixed and mobile device-to-cloud solutions that provide secure end-to-end IoT services with deep business intelligence. The Company's products and services include intelligent mobile hotspots, wireless routers for IoT applications, USB modems, integrated telematics and mobile tracking hardware devices, which are supported by applications software and cloud services designed to enable customers to easily analyze data insights and configure and manage their hardware.

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