Backblaze (Backblaze) Interest Expense : $-3.8 Mil (TTM As of Dec. 2023)

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What is Backblaze Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Backblaze's interest expense for the three months ended in Dec. 2023 was $ -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-3.8 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. Backblaze's Operating Income for the three months ended in Dec. 2023 was $ -11.6 Mil. Backblaze's Interest Expense for the three months ended in Dec. 2023 was $ -1.0 Mil. Backblaze 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.

Backblaze Interest Expense Historical Data

The historical data trend for Backblaze'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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Backblaze Interest Expense Chart

Backblaze Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1.93

-2.89

-3.68

-4.29

-3.79

Backblaze Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-1.48	-0.92	-0.94	-0.94	-0.99

Backblaze 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 $-3.8 Mil.

Backblaze (NAS:BLZE) 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.

Backblaze's Interest Expense for the three months ended in Dec. 2023 was $-1.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-11.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $25.6 Mil.

Backblaze's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Backblaze did not have earnings to cover the interest expense.

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

Backblaze (Backblaze) Business Description

Industry

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

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Traded in Other Exchanges

N/A

Address

500 Ben Franklin Ct, San Mateo, CA, USA, 94401

Website

https://www.backblaze.com

Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States.

Executives

Tina Cessna	officer: Senior VP, Engineering	500 BEN FRANKLIN CT., SAN MATEO CA 94401
Francis P Patchel	officer: Chief Financial Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Investments Plc Tmt	10 percent owner	13 CASTLE STREET, ST. HELIER Y9 JE1 1ES
Gleb Budman	director, 10 percent owner, officer: See Remarks	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Timothy M Nufire	director, 10 percent owner, officer: Chief Cloud Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Brian K Wilson	director, 10 percent owner, officer: Chief Technology Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Charles J. Jones	10 percent owner	500 BEN FRANKLIN COURT, SAN MATEO CA 94401
Kwok Hang Ng	10 percent owner	500 BEN FRANKLIN COURT, SAN MATEO CA 94401
Clal Insurance Enterprises Holdings Ltd	10 percent owner	36 RAUL WALENBERG ST, TEL-AVIV L3 6136902
Whetstone Capital Advisors, Llc	10 percent owner	2001 SHAWNEE MISSION PARKWAY, SHAWNEE MISSION KS 66205
Jocelyn Carter-miller	director	3698 NW 15TH STREET, LAUDERHILL FL 33311
An Evelyn D	director	1301 NE 103RD STREET, MIAMI SHORES FL 33138
Earl E Fry	director	C/O INFORMATICA CORPORATION, 2100 SEAPORT BLVD., REDWOOD CITY CA 94063
Barbara H Nelson	director	C/O QUANTUM CORP, 501 SYCAORE DR, MILPITAS CA 95035