TPT Global Tech (TPT Global Tech) Interest Expense : $-1.74 Mil (TTM As of Mar. 2024)

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What is TPT Global Tech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TPT Global Tech's interest expense for the three months ended in Mar. 2024 was $ -0.36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.74 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. TPT Global Tech's Operating Income for the three months ended in Mar. 2024 was $ -1.23 Mil. TPT Global Tech's Interest Expense for the three months ended in Mar. 2024 was $ -0.36 Mil. TPT Global Tech 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.

TPT Global Tech Interest Expense Historical Data

The historical data trend for TPT Global Tech'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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TPT Global Tech Interest Expense Chart

TPT Global Tech Annual Data

Trend

Dec05

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Dec16

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Dec23

Interest Expense

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-3.58

-1.53

-2.64

-4.76

-1.76

TPT Global Tech 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															-0.39	-0.55	-0.41	-0.42	-0.36

TPT Global Tech 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 $-1.74 Mil.

TPT Global Tech (OTCPK:TPTW) 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.

TPT Global Tech's Interest Expense for the three months ended in Mar. 2024 was $-0.36 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-1.23 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.63 Mil.

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

TPT Global Tech did not have earnings to cover the interest expense.

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

TPT Global Tech (TPT Global Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TPT Global Tech Inc (OTCPK:TPTW) » Definitions » Interest Expense

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Address

501 West Broadway, Suite 800, San Diego, CA, USA, 92101

Website

https://www.tptglobaltech.com

TPT Global Tech Inc is engaged in the business of distribution of cell phones and telecommunications equipment. The company's operating segment includes TPT SpeedConnect; Blue Collar, and TPT MedTech and QuikLABS. It generates maximum revenue from the TPT SpeedConnect segment. The company offers offer Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over private IP MPLS fiber and wireless network in the United States. It also operates as a Master distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO).