Surgepays (Surgepays) Interest Expense : $-0.6 Mil (TTM As of Dec. 2023)

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What is Surgepays Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Surgepays's interest expense for the three months ended in Dec. 2023 was $ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.6 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. Surgepays's Operating Income for the three months ended in Dec. 2023 was $ 0.9 Mil. Surgepays's Interest Expense for the three months ended in Dec. 2023 was $ -0.1 Mil. Surgepays's Interest Coverage for the quarter that ended in Dec. 2023 was 7.40. 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.

Surgepays Interest Expense Historical Data

The historical data trend for Surgepays'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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Surgepays Interest Expense Chart

Surgepays Annual Data

Trend

Apr14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.23

-4.80

-7.52

-1.96

-0.60

Surgepays Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.49	-0.19	-0.16	-0.13	-0.12

Surgepays 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.6 Mil.

Surgepays (NAS:SURG) 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.

Surgepays's Interest Expense for the three months ended in Dec. 2023 was $-0.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $0.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.8 Mil.

Surgepays's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.866	/	-0.117
	=	7.40

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

Surgepays (Surgepays) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Surgepays Inc (NAS:SURG) » Definitions » Interest Expense

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Traded in Other Exchanges

9B90:Germany

Address

3124 Brother Boulevard, Suite 104, Bartlett, TN, USA, 38133

Website

https://www.surgepays.com

Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Surge Blockchain and Other; Surge Logics; TW and ECS (Electronic Check Services). The Company's blockchain platform utilizes a suite of financial and prepaid products to convert corner stores into tech hubs for underbanked neighbourhoods. The neighbourhood stores are profit partners that provide a multichannel distribution network for SurgePays.

Executives

Kevin Brian Cox	director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER	3124 BROTHER BLVD, STE. 104, BARTLETT W6 38133
Laurie Weisberg	director	C/O JERRICK MEDIA HOLDINGS, INC., 2050 CENTER AVENUE, SUITE 640, FORT LEE NJ 07024
Richard Earl Schurfeld	director	1600 MADISON AVENUE, 4TH FLOOR, TOLEDO OH 43604
John Mott	officer: CHIEF TECHNOLOGY OFFICER	890 W, HILLWOOD DM, NASHVILLE TN 37205
David Allen May	director	12131 BROOKS RIVER DR, ARLINGTON TN 38002
Nuzzo Anthony P. Jr	director, officer: President and COO	3124 BROTHER BLVD, STE 104, BARTLETT TN 38133
Anthony Geogre Evers	officer: Chief Financial Officer	701 ASHTON LANE, SOUTH ELGIN IL 60177
David N Keys	director	3770 HOWARD HUGHES PARKWAY, STE 300, LAS VEGAS NV 89109
David C Ansani	director	1375 VALLEY RD, BANNOCKBURN L3 60015
Campbell Ted Dudley Ii	director	PO BOX 1358, SPRING BRANCH TX 78070
Clinton W Coldren	director, 10 percent owner, officer: PRESIDENT, CEO & CFO	1535 SONIAT ST.,, NEW ORLEANS LA 70115
Alan G Massara	director	339 NORWOOD AVENUE, AVON BY THE SEA NJ 07717
Ross E Silvey	director, officer: CEO and President	7633 EAST 63RD PLACE, #220, TULSA OK 74133
Vladimir Fedyunin	director, 10 percent owner, officer: President, CEO and CFO	PO BOX 158, LIONS BAY A1 VON 2E0