Data Storage (Data Storage) Interest Expense : $-0.01 Mil (TTM As of Mar. 2024)

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What is Data Storage Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Data Storage's interest expense for the three months ended in Mar. 2024 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.01 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. Data Storage's Operating Income for the three months ended in Mar. 2024 was $ 0.21 Mil. Data Storage's Interest Expense for the three months ended in Mar. 2024 was $ -0.01 Mil. Data Storage's Interest Coverage for the quarter that ended in Mar. 2024 was 19.45. 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.

Data Storage Interest Expense Historical Data

The historical data trend for Data Storage'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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Data Storage Interest Expense Chart

Data Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.18

-0.13

-0.14

-0.08

Data Storage 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															-0.03	-	-	-	-0.01

Data Storage 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 $-0.01 Mil.

Data Storage (NAS:DTST) 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.

Data Storage's Interest Expense for the three months ended in Mar. 2024 was $-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	0.214	/	-0.011
	=	19.45

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

Data Storage (Data Storage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Data Storage Corp (NAS:DTST) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

48 South Service Road, Suite 203, Melville, NY, USA, 11747

Website

https://www.dtst.com

Data Storage Corporation engages in providing cybersecurity, compliance and cloud computing solutions. The company's segment includes Nexxis Inc; Flagship Solutions, LLC and CloudFirst Technologies Corporation and Corporate. It generates maximum revenue from the CloudFirst Technologies Corporation segment. The company's solutions include infrastructure, disaster recovery, email archival, compliance, electronic vaulting, virtualized recovery, telecom recovery services, and continuous data protection.

Executives

Mark Alexander Wyllie	director	980 N. FEDERAL HWY, SUITE 302, BOCA RATON FL 33432
Christos Panagiotakos	officer: Chief Financial Officer	1013 PLANDOME ROAD, MANHASSET NY 11030
Wendy Schmittzeh	other: Secretary	C/O DATA STORAGE CORPORATION, 48 S. SERVICE ROAD, SUITE 203, MELVILLE NY 11747
Matthew Grover	director	C/O DATA STORAGE CORPORATION, 48 S. SERVICE ROAD, SUITE 203, MELVILLE NY 11747
Todd A. Correll	director	222 LAKEVIEW AVENUE, SUITE 1600, WEST PALM BEACH FL 33401
Thomas Kempster	director, 10 percent owner, officer: COO, Pres of Tech Ops & Secy	C/O DATA STORAGE CORPORATION, 68 SOUTH SERVICE ROAD, MELVILLE NY 11747
Harold Schwarts	director, 10 percent owner, officer: President and Treasurer	C/O DATA STORAGE CORPORATION, 68 SOUTH SERVICE ROAD, MELVILLE NY 11747
Charles M. Piluso	director, 10 percent owner, officer: Pres/CEO/CFO/Chairman	C/O DATA STORAGE CORPORATION, 48 S. SERVICE ROAD, SUITE 203, MELVILLE NY 11747
Piluso Family Associates, Llc	10 percent owner	495 MANHASSET WOODS ROAD, MANHASSET NY 11030
Jan Burman	director, 10 percent owner	875 MERRICK AVENUE, WESTBURY NY 11590
John F. Coghlan	director, 10 percent owner	36 VASSAR PLACE, ROCKVILLE CENTRE NY 11570
Clifford Stein	director	5345 PINE TREE DRIVE, MIAMI BEACH FL 33140
Joseph B. Hoffman	director	9204 REDWOOD AVE, BETHESDA MD 20817
Matthew P Grosso	officer: Secretary, Treasurer and, other: Vice President	19 HASTING DRIVE, STONY BROOK NY 11790
Peter W Briggs	officer: Vice President	152 CROMPTON AVENUE #4, EAST GREENWICH RI 02818