Sollensys (Sollensys) Interest Expense : $-0.50 Mil (TTM As of Dec. 2022)

View and export this data going back to 2011. Start your Free Trial

What is Sollensys Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sollensys's interest expense for the three months ended in Dec. 2022 was $ -0.35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was $-0.50 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. Sollensys's Operating Income for the three months ended in Dec. 2022 was $ -0.79 Mil. Sollensys's Interest Expense for the three months ended in Dec. 2022 was $ -0.35 Mil. Sollensys 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.

Sollensys Interest Expense Historical Data

The historical data trend for Sollensys'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.

* Premium members only.

Sollensys Interest Expense Chart

Sollensys Annual Data

Trend

Mar12

Mar19

Mar20

Dec21

Dec22

Interest Expense

-0.07

-0.50

Sollensys Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Expense	Get a 7-Day Free Trial															-0.04	-0.05	-0.05	-0.06	-0.35

Sollensys 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.50 Mil.

Sollensys (OTCPK:SOLS) 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.

Sollensys's Interest Expense for the three months ended in Dec. 2022 was $-0.35 Mil. Its Operating Income for the three months ended in Dec. 2022 was $-0.79 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2022 was $1.38 Mil.

Sollensys's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Sollensys did not have earnings to cover the interest expense.

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

Sollensys (Sollensys) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sollensys Corp (OTCPK:SOLS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1470 Treeland Boulevard Southeast, Palm Bay, FL, USA, 32909

Website

https://www.sollensys.com

Sollensys Corp manufactures the blockchain archive server that maintains a redundant, immutable backup of data. Its blockchain archive server protects client data from ransomware malicious software that infects computers and displays messages.