What is Cricut Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cricut's interest expense for the
three
months ended in Mar. 2024 was $ -0.1 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.1 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. Cricut's Operating Income for the
three
months ended in Mar. 2024 was $ 25.2 Mil. Cricut's Interest Expense for the
three
months ended in Mar. 2024 was $ -0.1 Mil.
Cricut's Interest Coverage for the quarter that ended in Mar. 2024 was 311.17.
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.
Cricut 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 $-0.1 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.
Cricut (NAS:CRCT) 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.
Cricut's Interest Expense for the
three
months ended in Mar. 2024 was $-0.1 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $25.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $7.8 Mil.
Cricut's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
* 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:
Ben Graham prefers companies' interest coverage to be at least 5. Cricut Inc has enough cash to cover all of its debt. Its financial situation is stable.
Cricut (Cricut) Business Description
Traded in Other Exchanges
Address
10855 South River Front Parkway, South Jordan, UT, USA, 84095
Cricut Inc designs and builds a creativity platform that enables users to turn ideas into professional-looking handmade goods. With its connected machines, design apps and accessories, and materials, the users create everything from personalized birthday cards, mugs, and T-shirts to large-scale interior decorations. It derives revenues from three segments including Connected machines, Subscriptions, and Accessories and materials. It derives maximum revenue from the Accessories and Materials segment through the sales of Cricut EasyPress, hand tools, machine replacement tools and blades, project materials such as vinyl and iron-on, and sales of a la carte digital content purchases, including fonts, images, and projects.
Executives
| Abdiel Qualified Master Fund Lp |
10 percent owner |
90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016 |
| Jason Makler |
director |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Donald B. Olsen |
officer: EVP, General Counsel & Sec. |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Ryan Harmer |
officer: Principal Accounting Officer |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Arora Ashish |
director, 10 percent owner, officer: Chief Executive Officer |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Kimball C Shill |
officer: Chief Financial Officer |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Gregory Rowberry |
officer: EVP, Sales |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Len Blackwell |
director |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Abdiel Capital Management, Llc |
10 percent owner |
90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016 |
| Moran Colin T. |
10 percent owner |
410 PARK AVE, SUITE 930, NEW YORK NY 10022 |
| Abdiel Capital Advisors, Lp |
10 percent owner |
90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016 |
| Abdiel Capital Lp |
10 percent owner |
C/O ABDIEL CAPITAL ADVISORS, LP, 90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016 |
| Martin F Petersen |
officer: Chief Financial Officer |
5152 NORTH EDGEWOOD DRIVE, SUITE 375, PROVO UT 84604 |
| Petrus Trust Company, Lta |
10 percent owner |
3000 TURTLE CREEK BLVD., DALLAS TX 75219 |
| L.p. Hwgaa, |
10 percent owner |
3000 TURTLE CREEK BLVD, DALLAS TX 75219 |
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