Newegg Commerce (Newegg Commerce) Interest Expense : $-2.1 Mil (TTM As of Dec. 2023)

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What is Newegg Commerce Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Newegg Commerce's interest expense for the three months ended in Dec. 2023 was $ -1.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.1 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. Newegg Commerce's Operating Income for the three months ended in Dec. 2023 was $ -17.6 Mil. Newegg Commerce's Interest Expense for the three months ended in Dec. 2023 was $ -1.6 Mil. Newegg Commerce 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.

Newegg Commerce Interest Expense Historical Data

The historical data trend for Newegg Commerce'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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Newegg Commerce Interest Expense Chart

Newegg Commerce Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-2.95

-0.66

-0.61

-0.69

-2.54

Newegg Commerce Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial								-0.23	-0.11	-	-0.45	-1.63

Newegg Commerce 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.1 Mil.

Newegg Commerce (NAS:NEGG) 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.

Newegg Commerce's Interest Expense for the three months ended in Dec. 2023 was $-1.6 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-17.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $69.2 Mil.

Newegg Commerce's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Newegg Commerce did not have earnings to cover the interest expense.

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

Newegg Commerce (Newegg Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Newegg Commerce Inc (NAS:NEGG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

J8D1:Germany J8D:Germany

Address

17560 Rowland Street, City of Industry, CA, USA, 91748

Website

https://www.newegg.com

Newegg Commerce Inc is an e-commerce company offering direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment, smart home and gaming products and provides certain third-party logistics services globally.