Vemanti Group (Vemanti Group) Interest Expense : $-0.04 Mil (TTM As of Mar. 2024)

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What is Vemanti Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vemanti Group's interest expense for the three months ended in Mar. 2024 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.04 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. Vemanti Group's Operating Income for the three months ended in Mar. 2024 was $ -0.10 Mil. Vemanti Group's Interest Expense for the three months ended in Mar. 2024 was $ -0.01 Mil. Vemanti Group 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.

Vemanti Group Interest Expense Historical Data

The historical data trend for Vemanti Group'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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Vemanti Group Interest Expense Chart

Vemanti Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.03

Vemanti Group Quarterly Data
	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													-	-0.01	-0.01	-0.02	-0.01

Vemanti Group 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 $-0.04 Mil.

Vemanti Group (OTCPK:VMNT) 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.

Vemanti Group's Interest Expense for the three months ended in Mar. 2024 was $-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

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

Vemanti Group did not have earnings to cover the interest expense.

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

Vemanti Group (Vemanti Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vemanti Group Inc (OTCPK:VMNT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

7545 Irvine Center Drive, Suite. 200, Irvine, CA, USA, 92618

Website

https://www.vemanti.com

Vemanti Group Inc, through its subsidiaries, provides IP (Internet Protocol) communication needs. The company's network offers availability, coverage, flexibility and enables the following technology solutions: unified communications, data centre services, content delivery, voice over IP (VoIP), and cloud computing. The company also focuses on acquisition and investment in companies that focus on blockchain projects and applications combined with other emerging technologies, including machine learning/AI, security, and the internet of things (IoT).

Executives

Stephen Richard Jones	officer: CFO	256 GREENGLADE AVENUE, WORTHINGTON OH 43085
Tan Tran	director, 10 percent owner, officer: President, CEO, CFO	7545 IRVINE CENTER DR., STE. 200, IRVINE CA 92618
Rachel Boulds Cpa, Pllc	director	6371 S. GLENOAKS STREET, MURRAY UT 84107