ICZOOM Group (ICZOOM Group) Interest Expense : $-0.6 Mil (TTM As of Jun. 2023)

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What is ICZOOM Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ICZOOM Group's interest expense for the six months ended in Jun. 2023 was $ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.6 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. ICZOOM Group's Operating Income for the six months ended in Jun. 2023 was $ 0.3 Mil. ICZOOM Group's Interest Expense for the six months ended in Jun. 2023 was $ -0.3 Mil. ICZOOM Group's Interest Coverage for the quarter that ended in Jun. 2023 was 0.76. 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.

ICZOOM Group Interest Expense Historical Data

The historical data trend for ICZOOM Group'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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ICZOOM Group Interest Expense Chart

ICZOOM Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

-0.66

-0.74

-0.87

-0.36

-0.57

ICZOOM Group Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial				-0.51	-0.24	-0.12	-0.24	-0.33

ICZOOM Group 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.6 Mil.

ICZOOM Group (NAS:IZM) 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.

ICZOOM Group's Interest Expense for the six months ended in Jun. 2023 was $-0.3 Mil. Its Operating Income for the six months ended in Jun. 2023 was $0.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $0.4 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	0.252	/	-0.333
	=	0.76

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

ICZOOM Group (ICZOOM Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ICZOOM Group Inc (NAS:IZM) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 7018 Cai Tian Road, Room 3801, Building A, Sunhope e·METRO, Futian District, Guangdong, Shenzhen, CHN, 518000

Website

http://www.iczoomex.com

ICZOOM Group Inc is engaged in the sale of electronic component products to customers in China. These products are used by small and medium-sized enterprises (SMEs) in the consumer electronic industry, Internet of Things (IoT), automotive electronics, and industrial control segment. In addition to the sales of electronic component products, also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance and charges them additional service commission fees. The company earns maximum revenue from sale of electronic components.