AST SpaceMobile (AST SpaceMobile) Interest Expense : $-2.22 Mil (TTM As of Mar. 2024)

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What is AST SpaceMobile Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AST SpaceMobile's interest expense for the three months ended in Mar. 2024 was $ -2.22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.22 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. AST SpaceMobile's Operating Income for the three months ended in Mar. 2024 was $ -55.50 Mil. AST SpaceMobile's Interest Expense for the three months ended in Mar. 2024 was $ -2.22 Mil. AST SpaceMobile 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.

AST SpaceMobile Interest Expense Historical Data

The historical data trend for AST SpaceMobile'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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AST SpaceMobile Interest Expense Chart

AST SpaceMobile Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

AST SpaceMobile Quarterly Data
	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												-	-	-	-	-2.22

AST SpaceMobile 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 $-2.22 Mil.

AST SpaceMobile (NAS:ASTS) 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.

AST SpaceMobile's Interest Expense for the three months ended in Mar. 2024 was $-2.22 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-55.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $172.26 Mil.

AST SpaceMobile's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

AST SpaceMobile did not have earnings to cover the interest expense.

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

AST SpaceMobile (AST SpaceMobile) Business Description

Industry

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ASTSW:USA

Address

2901 Enterprise Lane, Midland Intl. Air & Space Port, Midland, TX, USA, 79706

Website

https://www.ast-science.com

AST SpaceMobile Inc is a satellite designer and manufacturer. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers and finally bringing broadband to the billions who remain unconnected.

Executives

Adriana Cisneros	director	700 NW 1ST AVENUE, SUITE 1700, MIAMI FL 33136
Sean R. Wallace	officer: Chief Financial Officer	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Shanti B. Gupta	officer: Chief Accounting Officer	AST SCIENCE MIDLAND INTL AIR&SPACE PORT, 2901 ENTERPRISE LANE, MIDLAND TX 79706
Atc Trs Ii Llc	other: Member of 10% owner group	116 HUNTINGTON AVENUE, BOSTON MA 02116
American Tower Corp /ma/	other: Member of 10% owner group	116 HUNTINGTON AVE, BOSTON MA 02116
Invesat Llc	10 percent owner	700 NW 1ST AVENUE, SUITE 1700, MIAMI FL 33136
Richard Sarnoff	director	C/O AUDIBLE INC, 65 WILLOWBROOK BLVD, WAYNE NJ 07470
Vodafone Ventures Ltd	10 percent owner	VODAFONE HOUSE, THE CONNECTION, NEWBURY X0 RG14 2FN
Brian Heller	officer: EVP, GC & Secretary	C/O AST SPACEMOBILE 2901 ENTERPRISE LANE, MIDLAND INTL. AIR & SPACE PORT, MIDLAND TX 79706
Tareq Amin	director	C/O AST SPACEMOBILE 2901 ENTERPRISE LANE, MIDLAND INTL. AIR & SPACE PORT, MIDLAND TX 79706
Luke Ibbetson	director	C/O AST SPACEMOBILE 2901 ENTERPRISE LANE, MIDLAND INTL. AIR & SPACE PORT, MIDLAND TX 79706
Ronald L Rubin	director	601 CLEARWATER PARK RD, WEST PALM BEACH FL 33401
Gustavo A Cisneros	10 percent owner	FINSER CORP, 550 BILTMORE WAY, CORAL GABLES FL 33134
Vodafone Group Public Ltd Co	10 percent owner	VODAFONE HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE X0 RG14 2FN
Hiroshi Mikitani	director	C/O LYFT, INC., 185 BERRY STREET, SUITE 5000, SAN FRANCISCO CA 94107