Ucloudlink Group (Ucloudlink Group) Interest Expense : $-0.14 Mil (TTM As of Mar. 2024)

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What is Ucloudlink Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ucloudlink Group's interest expense for the three months ended in Mar. 2024 was $ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.14 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. Ucloudlink Group's Operating Income for the three months ended in Mar. 2024 was $ 0.51 Mil. Ucloudlink Group's Interest Expense for the three months ended in Mar. 2024 was $ -0.06 Mil. Ucloudlink Group's Interest Coverage for the quarter that ended in Mar. 2024 was 9.13. 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.

Ucloudlink Group Interest Expense Historical Data

The historical data trend for Ucloudlink Group'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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Ucloudlink Group Interest Expense Chart

Ucloudlink Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.44

-0.29

-0.19

-0.44

-0.13

Ucloudlink Group 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															-0.05	-0.03	-0.03	-0.03	-0.06

Ucloudlink Group 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 $-0.14 Mil.

Ucloudlink Group (NAS:UCL) 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.

Ucloudlink Group's Interest Expense for the three months ended in Mar. 2024 was $-0.06 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1.02 Mil.

Ucloudlink Group'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	*	0.511	/	-0.056
	=	9.13

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

Ucloudlink Group (Ucloudlink Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Ucloudlink Group Inc (NAS:UCL) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

132 Nathan Road, Tsim Sha Tsui, Unit 2214-Rm1, 22 Floor, Mira Place Tower A, Kowloon, Hong Kong, HKG

Website

https://www.ucloudlink.com

Ucloudlink Group Inc provides mobile data connectivity and portable WiFi services. The business operates under uCloudlink 1.0, which focuses on cross-border travelers that need mobile data connectivity services across different countries. Under uCloudlink 2.0, provides mobile data connectivity services to local users across different MNOs in a single country. It generates revenue from the provision of data connectivity services, and the sales of terminals and sales of data related products.