Spetz (XCNQ:SPTZ) Interest Expense : C$-0.35 Mil (TTM As of Jun. 2024)

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What is Spetz Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spetz's interest expense for the three months ended in Jun. 2024 was C$ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was C$-0.35 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. Spetz's Operating Income for the three months ended in Jun. 2024 was C$ -0.37 Mil. Spetz's Interest Expense for the three months ended in Jun. 2024 was C$ -0.08 Mil. Spetz 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.

Spetz Interest Expense Historical Data

The historical data trend for Spetz'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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Spetz Interest Expense Chart

Spetz Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Dec23

Interest Expense

-0.03

-0.24

-0.32

-0.02

-0.40

Spetz Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.17	-0.33	0.17	-0.10	-0.08

Spetz 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.35 Mil.

Spetz (XCNQ:SPTZ) 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.

Spetz's Interest Expense for the three months ended in Jun. 2024 was C$-0.08 Mil. Its Operating Income for the three months ended in Jun. 2024 was C$-0.37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was C$0.00 Mil.

Spetz's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Spetz did not have earnings to cover the interest expense.

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

Spetz Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Spetz Inc (XCNQ:SPTZ) » Definitions » Interest Expense

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Traded in Other Exchanges

DBKSF:USA

Address

200 Cochrane Drive, Unit 1A, Markham, ON, CAN, L3R 8E7

Website

https://www.spetz.app

Spetz Inc is a technology company that primarily operates Spetz, a global online, AIpowered marketplace platform that dynamically connects consumers to nearby top-rated service providers in as little as 30 seconds. Spetz currently operates in the United States, United Kingdom, Australia and Israel. The Company has launched two Spetz applications for both sides of the market; one for consumers and one for service providers (collectively the Spetz App). The Spetz App is available for download on the iOS App Store and Google Play Store.

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