ReposiTrak (ReposiTrak) Interest Expense : $-0.03 Mil (TTM As of Mar. 2024)

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What is ReposiTrak Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ReposiTrak's interest expense for the three months ended in Mar. 2024 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.03 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. ReposiTrak's Operating Income for the three months ended in Mar. 2024 was $ 1.26 Mil. ReposiTrak's Interest Expense for the three months ended in Mar. 2024 was $ -0.01 Mil. ReposiTrak's Interest Coverage for the quarter that ended in Mar. 2024 was 157.75. 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.

ReposiTrak Interest Expense Historical Data

The historical data trend for ReposiTrak'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.

ReposiTrak Interest Expense Chart

ReposiTrak Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.04

-0.07

-0.11

-0.04

-0.06

ReposiTrak 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															-0.01	-0.01	-0.01	-0.01	-0.01

ReposiTrak 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 $-0.03 Mil.

ReposiTrak (NYSE:TRAK) 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.

ReposiTrak's Interest Expense for the three months ended in Mar. 2024 was $-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.22 Mil.

ReposiTrak'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	*	1.262	/	-0.008
	=	157.75

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. ReposiTrak Inc has enough cash to cover all of its debt. Its financial situation is stable.

ReposiTrak (ReposiTrak) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReposiTrak Inc (NYSE:TRAK) » Definitions » Interest Expense

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PJ4A:Germany PJ4A:Germany

Address

5282 South Commerce Drive, Suite D292, Murray, UT, USA, 84107

Website

https://www.repositrak.com

ReposiTrak Inc is a software as a service provider with extensive capabilities that gives their customers an easy, cost-efficient way to expand their services to their benefit. The company and its subsidiaries develop, market, and support proprietary software products. These products assist the management of business operations, which helps clients to make more informed decisions. The company also provides a cloud-based solution to remain in compliance with business records and regulatory requirements. The firm's services comprise implementation, business optimization, outsourcing, technical services, education, and application hosting.

Executives

Peter J. Larkin	director	C/O PARK CITY GROUP, INC., 5282 S COMMERCE DR D292, MURRAY UT 84107
Randall K Fields	director, 10 percent owner, officer: CEO	3160 PINEBROOK ROAD, PARK CITY UT 84098
Noll Austin F. Jr.	director	32 HEATHER LANE, RANDOLPH NJ 07869
Ronald C Hodge	director	HANNAFORD BROS CO, 145 PLEASANT HILL RD, SCARBOROUGH ME 04074
William S. Kies	director	3160 PINEBROOK RD, PARK CITY UT 84098
Richard Juliano	director	3044 OLDE COVE WAY, NAPLES FL 34119
Todd T Mitchell	officer: CFO	299 S. MAIN STREET, STE.2370, SALT LAKE CITY UT 84111
James R Gillis	director
Edward Clissold	officer: CFO, Gen Counsel, Secretary	3160 PINEBROOK RD, PARK CITY UT 84098
David Colbert	officer: CHIEF FINANCIAL OFFICER	3160 PINEBROOK RD, PARK CITY UT 84098
Robert Paul Hermanns	director	5411 247TH PL SE, ISSAQUAH WA 98029
Peter Thomas Brennan	director	63 NORTH STREET, GREENWICH CT 06830
Robert W Allen	director	PARK CITY GROUP,INC., 3160 PINEBROOK RD., PARK CITY UT 84098
Chester Manly Molpus	director	C/O SPAR GROUP, INC., 555 WHITE PLAINS ROAD, SUITE 250, TARRYTOWN NY 10591
Richard A Jacobsen	director	3160 PINEBROOK RD, PARK CITY UT 81098