Globalstar (Globalstar) Interest Expense : $-16.4 Mil (TTM As of Mar. 2024)

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What is Globalstar Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Globalstar's interest expense for the three months ended in Mar. 2024 was $ -3.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-16.4 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. Globalstar's Operating Income for the three months ended in Mar. 2024 was $ -4.4 Mil. Globalstar's Interest Expense for the three months ended in Mar. 2024 was $ -3.8 Mil. Globalstar 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.

Globalstar Interest Expense Historical Data

The historical data trend for Globalstar'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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Globalstar Interest Expense Chart

Globalstar Annual Data

Trend

Dec14

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Dec16

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Dec19

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Dec23

Interest Expense

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-62.46

-48.43

-43.54

-30.17

-14.61

Globalstar 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															-2.03	-5.07	-3.95	-3.56	-3.79

Globalstar 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 $-16.4 Mil.

Globalstar (AMEX:GSAT) 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.

Globalstar's Interest Expense for the three months ended in Mar. 2024 was $-3.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-4.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $392.6 Mil.

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

Globalstar did not have earnings to cover the interest expense.

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

Globalstar (Globalstar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Globalstar Inc (AMEX:GSAT) » Definitions » Interest Expense

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P8S:Germany

Address

1351 Holiday Square Boulevard, Covington, LA, USA, 70433

Website

https://www.globalstar.com

Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services. Mobile satellite services are typically used by customers where existing terrestrial wireline and wireless communications networks are impaired or do not exist. The company provides communications services such as two-way voice and data transmission. In addition, one-way data transmission is also offered. Both services are offered using mobile or fixed devices. The company is an owner of satellite assets. The company generates the vast majority of its revenue within the United States.

Executives

James F Lynch	director	461 SOUTH MILPITAS BLVD., MILPITAS CA 95035
Ponder L Barbee Iv	officer: General Counsel	300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
Rebecca Clary	officer: VP & Chief Financial Officer	300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
James Iii Monroe	director, 10 percent owner, officer: Chief Executive Officer	461 SOUTH MILPITAS BLVD., MILPITAS CA 95035
Paul E Jacobs	director, officer: Chief Executive Officer
Timothy Evan Taylor	director	1518 FIRST STREET, NEW ORLEANS LA 70130
Benjamin G Wolff	director	2300 CARILLON POINT, KIRKLAND WA 98033
David B. Kagan	officer: President & COO	300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
Keith O Cowan	director	2999 CIRCLE 75 PKWY, ATLANTA GA 30339
Michael J Lovett	director
Kenneth M Young	director	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
John Kneuer	director	300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
Anthony J Navarra	officer: Pres., Global Operations	461 SOUTH MILPITAS BLVD., MILPITAS CA 95035
Bell Frank John Ii	officer: Pres. Global Sales & Mkting.	8144 WALNUT HILL LANE, SUITE 800, DALLAS TX 75231
Joseph F Barnett	officer: VP & Chief Accounting Officer	300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433