AtlasClear Holdings (AtlasClear Holdings) Interest Expense : $ Mil (TTM As of Jun. 2023)

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What is AtlasClear Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AtlasClear Holdings's interest expense for the six months ended in Jun. 2023 was $ -0.08 Mil. AtlasClear Holdings does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Jun. 2023.

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. AtlasClear Holdings's Operating Income for the six months ended in Jun. 2023 was $ -1.12 Mil. AtlasClear Holdings's Interest Expense for the six months ended in Jun. 2023 was $ -0.08 Mil. AtlasClear Holdings 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.

AtlasClear Holdings Interest Expense Historical Data

The historical data trend for AtlasClear Holdings'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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AtlasClear Holdings Interest Expense Chart

AtlasClear Holdings Annual Data

Trend

Jun22

Interest Expense

-0.07

AtlasClear Holdings Semi-Annual Data
	Jun22	Jun23
Interest Expense	-0.07	-0.08

AtlasClear Holdings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

AtlasClear Holdings (AMEX:ATCH) 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.

AtlasClear Holdings's Interest Expense for the six months ended in Jun. 2023 was $-0.08 Mil. Its Operating Income for the six months ended in Jun. 2023 was $-1.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $0.69 Mil.

AtlasClear Holdings's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

AtlasClear Holdings did not have earnings to cover the interest expense.

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

AtlasClear Holdings (AtlasClear Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AtlasClear Holdings Inc (AMEX:ATCH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

4221 W. Boy Scout Boulevard, Suite 300, Tampa, FL, USA, 33607

Website

https://www.atlasclear.com

AtlasClear Holdings Inc is a fintech company. Its goal is to build a cutting-edge technology-enabled financial services firm that would create a more efficient platform for trading, clearing, settlement and banking of evolving and innovative financial products with a focus on financial services firms, generally with annual revenues up to $1 billion, including small and mid-sized banks, brokerage firms, hedge funds, pension plans, and family offices that are not adequately served by today's larger correspondent clearing firms and banks.

AtlasClear Holdings (AtlasClear Holdings) Headlines

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