Tap Global Group (AQSE:TAP) Interest Expense : £0.00 Mil (TTM As of Jun. 2022)

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What is Tap Global Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tap Global Group's interest expense for the six months ended in Jun. 2022 was £ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2022 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. Tap Global Group's Operating Income for the six months ended in Jun. 2022 was £ -0.32 Mil. Tap Global Group's Interest Expense for the six months ended in Jun. 2022 was £ 0.00 Mil. Tap Global Group 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.

Tap Global Group Interest Expense Historical Data

The historical data trend for Tap Global 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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Tap Global Group Interest Expense Chart

Tap Global Group Annual Data

Trend

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Interest Expense

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-0.01

Tap Global Group Semi-Annual Data
	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Interest Expense	Get a 7-Day Free Trial				-0.01	-0.01	-	-	-

Tap Global Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Jun. 2022 was £0.00 Mil.

Tap Global Group (AQSE:TAP) 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.

Tap Global Group's Interest Expense for the six months ended in Jun. 2022 was £0.00 Mil. Its Operating Income for the six months ended in Jun. 2022 was £-0.32 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2022 was £0.00 Mil.

Tap Global Group's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Tap Global Group had no long-term debt ⁽¹⁾.

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. Tap Global Group Plc has enough cash to cover all of its debt. Its financial situation is stable.

Tap Global Group (AQSE:TAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tap Global Group Plc (AQSE:TAP) » Definitions » Interest Expense

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Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.tap.global

Tap Global Group Plc is a regulated and fully integrated crypto-fiat exchange service provider with an associated neo banking platform. Tap's mission is to create a seamless and fully regulated bridge that links fiat banking, traditional assets and crypto markets. Built on its exchange foundation, the company also offers consumer and corporate crypto-fiat banking services and DeFi yield products.