Loop Media (Loop Media) Interest Expense : $-3.61 Mil (TTM As of Mar. 2024)

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What is Loop Media Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Loop Media's interest expense for the three months ended in Mar. 2024 was $ -0.73 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-3.61 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. Loop Media's Operating Income for the three months ended in Mar. 2024 was $ -6.84 Mil. Loop Media's Interest Expense for the three months ended in Mar. 2024 was $ -0.73 Mil. Loop Media 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.

Loop Media Interest Expense Historical Data

The historical data trend for Loop Media'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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Loop Media Interest Expense Chart

Loop Media Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Sep21

Sep22

Sep23

Interest Expense

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-0.02

-1.14

-3.62

-3.80

Loop Media 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															-0.92	-0.96	-0.91	-1.00	-0.73

Loop Media 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 $-3.61 Mil.

Loop Media (AMEX:LPTV) 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.

Loop Media's Interest Expense for the three months ended in Mar. 2024 was $-0.73 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-6.84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2.35 Mil.

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

Loop Media did not have earnings to cover the interest expense.

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

Loop Media (Loop Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Loop Media Inc (AMEX:LPTV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

2600 West Olive Avenue, Suite 5470, Burbank, CA, USA, 91505

Website

https://www.loop.tv

Loop Media Inc is a multichannel digital video platform media company that uses marketing technology. The company is focused on premium short-form video. It offers music videos and film, game, and TV trailers which can be viewed in hospitality, dining, and retail venues, on branded media and entertainment sites, and on over-the-top TV platforms and IPTV devices.

Executives

Excel Family Partners Lllp	10 percent owner	700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Jon Maxwell Niermann Living Trust	10 percent owner	700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Cassidy Bruce A. Sr.	director, 10 percent owner	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
David Saint-fleur	director	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Denise M. Penz	director	C/O LOOP MEDIA, INC., 700 N. CENTRAL AVE., SUITE 430, GLENDALE CA 91203
Bruce A. Cassidy 2013 Irrevocable Trust	10 percent owner	8060 COW CAMP LANE, SARASOTA FL 34240
Bob Gruters	officer: Chief Revenue Officer	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Andy Schuon	officer: Head of Loop Studios	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Sonya Zilka	director	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Neil T Watanabe	officer: Chief Financial Officer	13245 RIVERSIDE DRIVE, SUITE 450, SHERMAN OAKS CA 91423
Liam Mccallum	officer: Chief Product and Tech Officer	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Cerna James J Jr	officer: Chief Financial Officer	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Jon M Niermann	director, 10 percent owner, officer: Chief Executive Officer	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Pioneer Productions Llc	10 percent owner	C/O LOOP MEDIA, 700 N CENTRAL AVENUE, SUITE 430, GLENDALE CA 91203
Running Wind Llc	10 percent owner	1879 HAZELTON DRIVE, GERMANTOWN TN 38138