What is LogicMark Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LogicMark's interest expense for the
three
months ended in Mar. 2024 was $ 0.00 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $0.00 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. LogicMark's Operating Income for the
three
months ended in Mar. 2024 was $ -1.81 Mil. LogicMark's Interest Expense for the
three
months ended in Mar. 2024 was $ 0.00 Mil.
LogicMark has no long-term debt (1).
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.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
LogicMark 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 $0.00 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.
LogicMark (NAS:LGMK) 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.
LogicMark's Interest Expense for the
three
months ended in Mar. 2024 was $0.00 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $-1.81 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $0.00 Mil.
LogicMark's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
| LogicMark had no long-term debt (1). |
* 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.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. LogicMark Inc has enough cash to cover all of its debt. Its financial situation is stable.
LogicMark (LogicMark) Business Description
Traded in Other Exchanges
Address
2801 Diode Lane, Louisville, KY, USA, 40299
LogicMark Inc provides personal emergency response systems (PERS), health communications devices, and IoT technologies to create a connected care platform. Its devices give people the ability to receive care at home and confidence to age in place. The company incorporates two-way voice communication technology directly into its medical alert pendant and provides this life-saving technology at a price point that everyday consumers can afford.
Executives
| Carine Schneider |
director |
C/O LOGICMARK INC., 2801 DIODE LANE, LOUISVILLE KY 40299 |
| Robert Arthur Curtis |
director |
C/O TECHNEST HOLDINGS, INC., 10411 MOTOR CITY DR. #650, BETHESDA MD 20817 |
| Barbara Gutierrez |
director |
8950 E. LOWRY BLVD., DENVER CO 80230 |
| John P Pettitt |
director |
3031 TISCH WAY, STE 900, SAN JOSE CA 95128 |
| Sherice Torres |
director |
PO BOX 20833, SAN JOSE CA 95160 |
| Mark Archer |
officer: Chief Financial Officer |
C/O NXT-ID, INC., 2801 DIODE LANE, LOUISVILLE KY 40299 |
| Chia-lin Simmons |
director, officer: Chief Executive Officer |
288 CHRISTIAN STREET, HANGAR C 2ND FLOOR, OXFORD CT 06478 |
| Michael Joseph Orlando |
director, officer: Chief Operating Officer |
1806 145TH PL SE, MILL CREEK WA 98012 |
| C. David Tunnell |
director, 10 percent owner, officer: Chief Technology Officer |
1721 WINDING RIDGE CIRCLE SE, PALM BAY FL 32909 |
| Worldventures Holdings, Llc |
10 percent owner |
5100 TENNYSON PARKWAY, PLANO TX 75024 |
| Wayne Tilman Nugent |
10 percent owner |
5100 TENNYSON PARKWAY, PLANO TX 75024 |
| Stanley Eric Washington |
director |
3745 OLYMPIAD DRIVE, LOS ANGELES CA 90043 |
| Vincent S Miceli |
officer: Vice President and CFO |
87 GRANDVIEW AVENUE, WATERBURY CT 06708 |
| Daniel P Sharkey |
director |
|
| Michael D'almada-remedios |
director |
5610 TROON COURT, DISCOVERY BAY CA 94505-9299 |
LogicMark (LogicMark) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LGMK has been successfully added to your 