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Appgate (Appgate) Interest Expense : $-10.53 Mil (TTM As of Sep. 2023)


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What is Appgate Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Appgate's interest expense for the three months ended in Sep. 2023 was $ -3.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-10.53 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. Appgate's Operating Income for the three months ended in Sep. 2023 was $ -5.53 Mil. Appgate's Interest Expense for the three months ended in Sep. 2023 was $ -3.00 Mil. Appgate 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.

Appgate Interest Expense Historical Data

The historical data trend for Appgate'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.

* Premium members only.

Appgate Interest Expense Chart

Appgate Annual Data
Trend Dec20 Dec21 Dec22
Interest Expense
-4.09 -3.19 -6.44

Appgate Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.67 -2.71 -2.40 -2.42 -3.00

Appgate 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-10.53 Mil.

* 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.

Appgate  (OTCPK:APGTQ) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Appgate's Interest Expense for the three months ended in Sep. 2023 was $-3.00 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-5.53 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $121.21 Mil.

Appgate's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Appgate did not have earnings to cover the interest expense.

* 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.

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

Appgate (Appgate) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Appgate Inc (OTCPK:APGTQ) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
2 Alhambra Plaza, Suite PH-1-B, Coral Gables, FL, USA, 33134
Website
https://www.appgate.com
Appgate Inc is engaged in providing secure access solutions which help enterprises make sure the right people connect to the resources. Its products and services consist of Software Defined Perimeter, Digital Threat protection, Risk-Based Authentication, and Threat Advisory services. Geographically, it derives a majority of revenue from the United States.
Executives
Leo Taddeo director, officer: CEO and President C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134
Benjamin Phillips director 2 ALHAMBRA PLAZA, SUITE PH-1-B, CORAL GABLES FL 33134
Lisa Marie Sibenac director C/O CHEWY, INC., 1855 GRIFFIN ROAD, DANIA BEACH FL 33004
Vikram Somaya director 132 E. PUTNAM AVENUE, FLOOR 2W, COS COB CT 06807
Jawahar Sivasankaran officer: President and COO 2333 PONCE DE LEON BLVD., SUITE 900, CORAL GABLES FL 33134
Medina Capital Fund Ii - Sis Holdco, Lp 10 percent owner C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL GABLES FL 33134
Sis Holdings Gp Llc 10 percent owner C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134
Sis Holdings Lp 10 percent owner C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134
Bcec Management X Ltd 10 percent owner ARNOLD HOUSE PO BOX 273, ST JULIAN'S AVENUE, ST PETER PORT Y7 GY1 3RD
Rene A. Rodriguez officer: Chief Financial Officer 2333 PONCE DE LEON BLVD., SUITE 900, CORAL GABLES FL 33134
Barry Field director, officer: Chief Executive Officer 2333 PONCE DE LEON BLVD., SUITE 900, CORAL GABLES FL 33134
Jeremy M. Dale officer: General Counsel and Secretary 2333 PONCE DE LEON BLVD., SUITE 900, CORAL GABLES FL 33134
Bc Partners Group Holdings Ltd 10 percent owner C/O BC PARTNERS, WEST WING, FLOOR 2, TRAFALGAR COURT, LES BANQUES, ST PETER PORT Y7 GY1 4LY
Raymond Svider director 650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Manuel D Medina director, 10 percent owner, officer: Executive Chairman 2 SOUTH BISCAYNE BLVD., SUITE 2900, MIAMI FL 33131