Alkami Technology (Alkami Technology) Interest Expense : $-5.7 Mil (TTM As of Mar. 2024)

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What is Alkami Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alkami Technology's interest expense for the three months ended in Mar. 2024 was $ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.7 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. Alkami Technology's Operating Income for the three months ended in Mar. 2024 was $ -12.3 Mil. Alkami Technology's Interest Expense for the three months ended in Mar. 2024 was $ -0.1 Mil. Alkami Technology 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.

Alkami Technology Interest Expense Historical Data

The historical data trend for Alkami Technology'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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Alkami Technology Interest Expense Chart

Alkami Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.11

-0.49

-1.19

-3.85

-7.38

Alkami Technology 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													-1.76	-1.83	-1.93	-1.87	-0.07

Alkami Technology 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 $-5.7 Mil.

Alkami Technology (NAS:ALKT) 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.

Alkami Technology's Interest Expense for the three months ended in Mar. 2024 was $-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-12.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $18.1 Mil.

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

Alkami Technology did not have earnings to cover the interest expense.

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

Alkami Technology (Alkami Technology) Business Description

Industry

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

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Traded in Other Exchanges

ALKT:Mexico

Address

5601 Granite Parkway, Suite 120, Plano, TX, USA, 75024

Website

https://www.alkami.com

Alkami is a cloud-based digital banking solutions provider. Alkami Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency with the support of a proprietary, true cloud-based, multi-tenant architecture.

Executives

W Bryan Hill	officer: Chief Financial Officer
Douglas A. Linebarger	officer: Chief Legal Officer	C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Stephen Bohanon	officer: Chf. Strategist & Sales Offr.	C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Maria Ines Alvarez	director	C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Michael D Hansen	director, officer: Chief Executive Officer
Kristy Ramundi	officer: Chief Accounting Officer	C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Alex Shootman	director, officer: Chief Executive Officer	1301 S. MOPAC EXPRESSWAY, SUITE 100, AUSTIN TX 78746
Barbara A. Yastine	director	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Raphael Osnoss	director	C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Gary Lynn Nelson	director	C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
H Eugene Lockhart	director	OAK HILL FARM, P.O. BOX 489, 4125 LOUISA ROAD, KESWICK VA 22947
Charles Kane	director	289 TURNPIKE RD, WESTBORO MA 01581
Christopher Todd Clark	director	3250 BRIAR PARK, SUITE 400, HOUSTON TX 77042
Merline Saintil	director	10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Steven R Mitchell	director	C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532