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Destiny Media Technologies (Destiny Media Technologies) Interest Expense : $0.00 Mil (TTM As of Feb. 2024)


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What is Destiny Media Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Destiny Media Technologies's interest expense for the three months ended in Feb. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $0.00 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. Destiny Media Technologies's Operating Income for the three months ended in Feb. 2024 was $ -0.14 Mil. Destiny Media Technologies's Interest Expense for the three months ended in Feb. 2024 was $ 0.00 Mil. Destiny Media Technologies has no long-term debt (1). 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.


Destiny Media Technologies Interest Expense Historical Data

The historical data trend for Destiny Media Technologies'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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Destiny Media Technologies Interest Expense Chart

Destiny Media Technologies Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Interest Expense
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Destiny Media Technologies Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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Destiny Media Technologies 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

* 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.


Destiny Media Technologies  (OTCPK:DSNY) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Destiny Media Technologies's Interest Expense for the three months ended in Feb. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Feb. 2024 was $-0.14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $0.00 Mil.

Destiny Media Technologies's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Destiny Media Technologies had no long-term debt (1).

* 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.

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

Good Sign:

Destiny Media Technologies Inc has no debt.


Destiny Media Technologies (Destiny Media Technologies) Business Description

Traded in Other Exchanges
Address
428 - 1575 West Georgia Street, Vancouver, BC, CAN, V6G 2V3
Destiny Media Technologies Inc is a provider of secure digital content distribution and promotion solutions. The company operates solely in the digital media software segment. Its predominant services are Clipstream which enables any non-technical user to upload videos that will play on all modern web browsers and Play MPE, a digital distribution service that is used commercially by the recording industry. Destiny services are based on proprietary security, watermarking and instant play streaming media technologies. It also offers audio and video streaming solutions and secure file distribution to customers around the globe.
Executives
Mark A Graber 10 percent owner 2220 NORTHSTAR STREET, NUMBER 17, ANCHORAGE AK 99503
Olya Massalitina officer: Chief Financial Officer 1911 - 271 FRANCIS WAY, NEW WESTMINSTER A1 V3L 0H2
David M. Mossberg director 1905 HAY MEADOW COURT, SOUTHLAKE TX 76092
Hyonmyong Cho director 961 PASEO DEL SUR, SANTA FE NM 87501
Fred Vandenberg officer: Chief Financial Officer 800-570 GRANVILLE STREET, VANCOUVER A1 V6C 3P1
Samuel Ritchie officer: CFO 24414 113 AVE, MAPLE RIDGE A1 V2W0H4
David Alexander Summers director C/O DESTINY MEDIA TECHNOLOGIES INC., 1110 - 885 W. GEORGIA STREET, VANCOUVER A1 V6C 3E8
Steve Vestergaard director, 10 percent owner, officer: Chief Executive Officer 650 350 CENTRE ROAD, LIONS BAY A1 V0N 2E0
Sandra Boenisch officer: CFO 51 WEST 52ND STREET, 7TH FLOOR, NEW YORK NY 10019
Samuel Jay Graber director 3139 CLEARFIELD DRIVE, SAN ANTONIO TX 78230
Haig S Bagerdjian director 2777 NORTH ONTARIO ST, BURBANK CA 91504
Dale Borland officer: VP and COO of Subsidiary SUITE 750, 650 WEST GEORGIA STREET, VANCOUVER A1 V6B 4N7
Edward Kolic director
Yoshitaro Kumagai director 5255 STEVENS CREEK BLVD., #284, SANTA CLARA CA 95051
Lawrence Jeffrey Langs director 134 LA ESPIRAL ROAD, ORINDA CA 94563