Winc (WBEVQ) Interest Expense : $-0.50 Mil (TTM As of Sep. 2022)

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What is Winc Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Winc's interest expense for the three months ended in Sep. 2022 was $ -0.24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 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. Winc's Operating Income for the three months ended in Sep. 2022 was $ -4.25 Mil. Winc's Interest Expense for the three months ended in Sep. 2022 was $ -0.24 Mil. Winc 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.

Winc Interest Expense Historical Data

The historical data trend for Winc'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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Winc Interest Expense Chart

Winc Annual Data

Trend

Dec19

Dec20

Dec21

Interest Expense

-1.36

-0.83

-0.65

Winc Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial						-0.13	-0.11	-0.02	-0.12	-0.24

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

Winc (OTCPK:WBEVQ) 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.

Winc's Interest Expense for the three months ended in Sep. 2022 was $-0.24 Mil. Its Operating Income for the three months ended in Sep. 2022 was $-4.25 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was $2.97 Mil.

Winc's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Winc did not have earnings to cover the interest expense.

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

Winc (WBEVQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Winc Inc (OTCPK:WBEVQ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1751 Berkeley Street, Studio 3, Santa Monica, CA, USA, 90404

Website

https://www.winc.com

Winc Inc is a wine company in the United States. It has a direct-to-consumer model, which involves the company bottling, labeling, and distributing wine under its own winery license. It also features wines at select retailers and restaurants nationwide. It sources from vineyards and works with winemakers and ships all wine, domestic and international, in bulk containers to a centralized winemaking and bottling facility on California's Central Coast.

Executives

Deer Vii & Co. L.p.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVE, LARCHMONT NY 10538
Wahoowa Ventures Llc	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Alesia Lee Pinney	director	AVALARA, INC., 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Goblue Ventures Llc	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Brian Patrick Smith	director, 10 percent owner, officer: President	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Carol Brault	officer: Chief Financial Officer	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Erin K Green	officer: Chief Operating Officer	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Xiangwei Weng	director	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Laura Joukovski	director	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Thelen Matthew Jonathan Alan	officer: See Remarks	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
Geoffrey Mcfarlane	director, 10 percent owner, officer: Chief Executive Officer	C/O WINC, INC., 1751 BERKELEY ST, STUDIO 3, SANTA MONICA CA 90404
15 Angels Ii Llc	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Patrick M Delong	director	1222 ARROYO SARCO, NAPA CA 94558
Deer Viii & Co. Ltd.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538
Deer Viii & Co. L.p.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538