NextPlat (NextPlat) Interest Expense : $-0.10 Mil (TTM As of Mar. 2024)

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What is NextPlat Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NextPlat's interest expense for the three months ended in Mar. 2024 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.10 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. NextPlat's Operating Income for the three months ended in Mar. 2024 was $ -1.71 Mil. NextPlat's Interest Expense for the three months ended in Mar. 2024 was $ -0.02 Mil. NextPlat 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.

NextPlat Interest Expense Historical Data

The historical data trend for NextPlat'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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NextPlat Interest Expense Chart

NextPlat Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.29

-1.02

-1.47

-0.02

-0.08

NextPlat Quarterly Data
	Jun19	Sep19	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	-0.05	-0.02	-0.02

NextPlat 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 $-0.10 Mil.

NextPlat (NAS:NXPL) 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.

NextPlat's Interest Expense for the three months ended in Mar. 2024 was $-0.02 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-1.71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2.02 Mil.

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

NextPlat did not have earnings to cover the interest expense.

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

NextPlat (NextPlat) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NextPlat Corp (NAS:NXPL) » Definitions » Interest Expense

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Address

3250 Mary Street, Suite 410, Coconut Grove, FL, USA, 33133

Website

https://www.nextplat.com

NextPlat Corp is an e-commerce platform company created to capitalize on multiple sectors and markets for physical and digital assets. The company intends to collaborate with businesses, optimizing their ability to sell their goods online, domestically, and internationally, and enabling customers and partners to maximize their e-commerce presence and revenue.

Executives

Frost Gamma Investments Trust	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137
Frost Phillip Md Et Al	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Rodney Barreto	director	460 MARQUESA DRIVE, CORAL GABLES FL 33156
David Phipps	director, officer: CEO of Issuer, other: President of Orbital Satcom Co	UNIT G5 ARENA BUSINESS CENTRE, HOLYROOD CLOSE, POOLE X0 BH177FJ
Charles M. Fernandez	director, officer: CEO & Chairman	C/O FAIRHOLME CAPITAL MANAGEMENT, L.L.C., 4400 BISCAYNE BOULEVARD, 9TH FLOOR, MIAMI FL 33137
Cecile Munnik	officer: Chief Financial Officer	400 ANSIN BLVD SUITE A, HALLANDALE BEACH FL 33009
Bedwell Robert Phillip Jr.	officer: Chief Compliance Officer	6074 TRUMPET FLOWER AVE.,, FLOWERY BRANCH, GA 30542
Maria Cristina Fernandez	director	200 BISCAYNE BOULEVARD WAY, APT 39, MIAMI FL 33131
Louis Cusimano	director	PO BOX 1156, MONTAUK NY 11954
Douglas Ellenoff	director, officer: Chief Business Development	C/O INTERVISUAL BOOKS INC, 12910 CULVER BLVD #C, LOS ANGELES CA 90066
Paul R Thomson	officer: Executive Vice President	METROMEDIA CO, ONE MEADOWLANDS PLAZA, EAST RUTHERFORD NJ 07073
Andrew Scott Cohen	officer: SVP of Operations	18851 NE 29TH AVE. SUITE 700, AVENTURA FL 33180
Sarwar Uddin	officer: Chief Financial Officer	18851 NE 29TH AVENUE,, SUITE 700, AVENTURA FL 33180
John Edward Miller	director	1011 W 66TH ST, KANSAS CITY MO 64113
Kendall W. Carpenter	director	6701 S ATLANTA AVE, TULSA OK 74136