ZenaTech (NAS:ZENA) Interest Expense : $-0.34 Mil (TTM As of Sep. 2024)

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What is ZenaTech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ZenaTech's interest expense for the three months ended in Sep. 2024 was $ -0.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.34 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. ZenaTech's Operating Income for the three months ended in Sep. 2024 was $ -0.25 Mil. ZenaTech's Interest Expense for the three months ended in Sep. 2024 was $ -0.13 Mil. ZenaTech 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.

ZenaTech Interest Expense Historical Data

The historical data trend for ZenaTech'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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ZenaTech Interest Expense Chart

ZenaTech Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.08

-0.02

-0.13

-0.16

-0.35

ZenaTech Quarterly Data
	Sep18	Dec18	Sep19	Dec19	Sep20	Dec20	Sep21	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial										-0.07	-0.10	-0.10	-0.11	-0.13

ZenaTech 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.34 Mil.

ZenaTech (NAS:ZENA) 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.

ZenaTech's Interest Expense for the three months ended in Sep. 2024 was $-0.13 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.25 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $6.91 Mil.

ZenaTech's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

ZenaTech did not have earnings to cover the interest expense.

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

ZenaTech Business Description

Industry

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

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Address

69 Yonge Street, Suite 1404, Toronto, ON, CAN, M53 1K3

Website

http://www.zenatech.com

ZenaTech Inc is a enterprise software technology company that specializes in mission-critical cloud-based applications integrated with smart hardware to deliver innovative solutions across diverse industries. The Company operates in software development technology, sales, and distribution. The Company is also developing a drone manufacturing, sales, and distribution business. The company operates in two segments which is software development technology, sales, and distribution, as well as drone manufacturing, sales, and distribution.