Plaid (PLDIF) Interest Expense : $-0.11 Mil (TTM As of Mar. 2024)

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What is Plaid Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Plaid's interest expense for the three months ended in Mar. 2024 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.11 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. Plaid's Operating Income for the three months ended in Mar. 2024 was $ 0.78 Mil. Plaid's Interest Expense for the three months ended in Mar. 2024 was $ -0.02 Mil. Plaid's Interest Coverage for the quarter that ended in Mar. 2024 was 48.63. 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.

Plaid Interest Expense Historical Data

The historical data trend for Plaid'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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Plaid Interest Expense Chart

Plaid Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.09

-0.10

-0.12

-0.19

-0.14

Plaid Quarterly Data
	Sep18	Sep19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial													-0.05	-0.03	-0.03	-0.03	-0.02

Plaid 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 $-0.11 Mil.

Plaid (OTCPK:PLDIF) 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.

Plaid's Interest Expense for the three months ended in Mar. 2024 was $-0.02 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.78 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $6.41 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	0.778	/	-0.016
	=	48.63

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

Plaid (PLDIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Plaid Inc (OTCPK:PLDIF) » Definitions » Interest Expense

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4165:Japan

Address

6-10-1 Ginza, Ginza Six 10th Floor, FChuo-ku, Tokyo, JPN, 104-0061

Website

https://plaid.co.jp

Plaid Inc is engaged in providing cloud-based customer experience platform KARTE. It provides data analytics, development and operation of platform, media shopping tribe and other services.

Plaid (PLDIF) Headlines

From GuruFocus

Q1 2024 Plaid Inc Earnings Presentation Transcript

By GuruFocus Research • 02-14-2024