Ambase (Ambase) Interest Expense : $-0.24 Mil (TTM As of Dec. 2023)

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What is Ambase Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ambase's interest expense for the three months ended in Dec. 2023 was $ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.24 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. Ambase's Operating Income for the three months ended in Dec. 2023 was $ -1.29 Mil. Ambase's Interest Expense for the three months ended in Dec. 2023 was $ -0.09 Mil. Ambase 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.

Ambase Interest Expense Historical Data

The historical data trend for Ambase'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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Ambase Interest Expense Chart

Ambase Annual Data

Trend

Dec14

Dec15

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Dec21

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Dec23

Interest Expense

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-0.06

-0.24

Ambase Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.06	-0.03	-0.02	-0.10	-0.09

Ambase 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.24 Mil.

Ambase (OTCPK:ABCP) 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.

Ambase's Interest Expense for the three months ended in Dec. 2023 was $-0.09 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-1.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3.20 Mil.

Ambase's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Ambase did not have earnings to cover the interest expense.

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

Ambase (Ambase) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ambase Corp (OTCPK:ABCP) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

7857 West Sample Road, Suite 134, Coral Springs, FL, USA, 33065

Website

Ambase Corp is a United States-based holding company. It holds an equity interest in a real estate development property through a joint venture agreement to purchase and develop the real property located in New York, New York.

Executives

Camac Fund, Lp	10 percent owner	CAMAC CAPITAL, LLC, 350 PARK AVENUE, 13TH FLOOR, NEW YORK NY 10022
Richard A Bianco	officer: President & CEO	C/O AMBASE CORP, 100 PUTNAM GREER 3RD FL, GREENWICH CT 06830-6027
Scott Michael Salant	director	C/O AMBASE CORPORATION, 12 LINCOLN BLVD. SUITE # 202, EMERSON NJ 07630
Jerry Y Carnegie	director	C/O AMBASE CORPORATION, 100 PUTNAM GREEN, THIRD FLOOR, GREENWICH CT 06830
Iszo Capital Lp	10 percent owner	590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Iszo Capital Management Lp	10 percent owner	590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Brian L. Sheehy	10 percent owner	415 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10017
Iszo Capital Gp Llc	10 percent owner	590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Joseph R Bianco	officer: Treasurer	C/O AMBASE CORPORATION, 100 PUTNAM GREEN, 3RD FLOOR, GREENWICH CT 06830
Bianco Richard A Jr	director, 10 percent owner	C/O BARRY STRAUSS & ASSOCIATES, 307 FIFTH AVENUE, NEW YORK NY 10016
Kenneth M Schmidt	director	C/O AMBASE CORPORATION, 100 PUTNAM GREEN, 3RD FLOOR, GREENWICH CT 06830
Horton Theodore T Jr	director	C/O AMBASE CORPORATION, 100 PUTNAM GREEN, 3RD FLOOR, GREENWICH CT 06830
Alessandra F Bianco	director, 10 percent owner	C/O BARRY STRAUSS & ASSOCIATES, 307 FIFTH AVENUE, NEW YORK NY 10016
Barc Investments Llc	10 percent owner	C/O BARRY STRAUSS & ASSOCIATES, 307 FIFTH AVENUE, NEW YORK NY 10016
Christina A Bianco	10 percent owner	C/O BARRY STRAUSS & ASSOCIATES, 307 FIFTH AVENUE, NEW YORK NY 10016