SpringBig Holdings (SpringBig Holdings) Interest Expense : $-2.73 Mil (TTM As of Mar. 2024)

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What is SpringBig Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SpringBig Holdings's interest expense for the three months ended in Mar. 2024 was $ -0.88 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.73 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. SpringBig Holdings's Operating Income for the three months ended in Mar. 2024 was $ -0.28 Mil. SpringBig Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -0.88 Mil. SpringBig Holdings 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.

SpringBig Holdings Interest Expense Historical Data

The historical data trend for SpringBig Holdings'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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SpringBig Holdings Interest Expense Chart

SpringBig Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.95

-2.25

SpringBig Holdings Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-0.39	-0.32	-0.40	-1.13	-0.88

SpringBig Holdings 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 $-2.73 Mil.

SpringBig Holdings (OTCPK:SBIG) 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.

SpringBig Holdings's Interest Expense for the three months ended in Mar. 2024 was $-0.88 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.28 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $10.01 Mil.

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

SpringBig Holdings did not have earnings to cover the interest expense.

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

SpringBig Holdings (SpringBig Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SpringBig Holdings Inc (OTCPK:SBIG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

621 North West 53rd Street, Suite 250, Boca Raton, FL, USA, 33487

Website

https://www.springbig.com

SpringBig Holdings Inc is a software platform providing customer loyalty and marketing automation solutions to cannabis retailers and brands in the U.S. and Canada. The company's platform connects consumers with retailers and brands, through SMS marketing, emails, customer feedback system, and loyalty programs, to support retailers' and brands' customer engagement and retention.

Executives

Paul Sykes	officer: Chief Financial Officer	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Jeffrey Todd Harris	director, 10 percent owner, officer: Chief Executive Officer	621 NW 53RD STREET, SUITE 260, BOCA RATON FL 33487
Steven E Bernstein	director	C/O SBA COMMUNICATIONS CORP, ONE TOWN CENTER ROAD - THIRD FLOOR, BOCO RATON FL 83486
Jonathan Trauben	director	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Patricia Glassford	director	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Philip Schwarz	director	C/O CORAZON CAPITAL, 1322 WEST HENDERSON STREET, CHICAGO IL 60657
Tuatara Capital Fund Ii, L.p.	10 percent owner	12 EAST 44TH STREET, 8FL, NEW YORK NY 10017
Medici Holdings V, Inc.	10 percent owner	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Amanda Lannert	director	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Navin Anand	officer: Chief Technology Officer	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Tcac Sponsor, Llc	10 percent owner	TUATARA CAPITAL, L.P., 655 THIRD AVENUE, 8TH FL, NEW YORK NY 10017
Mark Zittman	director, officer: Chief Operating Officer	TUATARA CAPITAL, L.P., 655 THIRD AVENUE, 8TH FL, NEW YORK NY 10017
Sergey Sherman	officer: Chief Financial Officer	TUATARA CAPITAL, L.P., 655 THIRD AVENUE, 8TH FL, NEW YORK NY 10017
Albert John Foreman	director, officer: Chief Executive Officer	TUATARA CAPITAL, L.P., 655 THIRD AVENUE, 8TH FL, NEW YORK NY 10017
Aris Kekedjian	director	655 THIRD AVENUE, 8TH FLOOR, 10017 NY 10017