SATO Technologies (TSXV:SATO) Interest Expense : C$-0.90 Mil (TTM As of Dec. 2023)

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What is SATO Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SATO Technologies's interest expense for the three months ended in Dec. 2023 was C$ -0.34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.90 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. SATO Technologies's Operating Income for the three months ended in Dec. 2023 was C$ 1.09 Mil. SATO Technologies's Interest Expense for the three months ended in Dec. 2023 was C$ -0.34 Mil. SATO Technologies's Interest Coverage for the quarter that ended in Dec. 2023 was 3.23. 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.

SATO Technologies Interest Expense Historical Data

The historical data trend for SATO Technologies'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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SATO Technologies Interest Expense Chart

SATO Technologies Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Dec22

Dec23

Interest Expense

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-0.01

-0.39

-0.90

SATO Technologies Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.18	-0.15	-0.14	-0.28	-0.34

SATO Technologies 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 C$-0.90 Mil.

SATO Technologies (TSXV:SATO) 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.

SATO Technologies's Interest Expense for the three months ended in Dec. 2023 was C$-0.34 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$1.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$7.93 Mil.

SATO Technologies'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	*	1.092	/	-0.338
	=	3.23

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

SATO Technologies (TSXV:SATO) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SATO Technologies Corp (TSXV:SATO) » Definitions » Interest Expense

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CCPUF:USA

Address

66 Wellington Street West, Suite 5300, Toronto, ON, CAN, M5K 1E6

Website

https://www.bysato.com

SATO Technologies Corp is engaged in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain and others. The Group receives digital assets in return for successful service and is primarily engaged in the cryptocurrency mining industry.