GBT Technologies (GBT Technologies) Interest Expense : $-1.19 Mil (TTM As of Mar. 2024)

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What is GBT Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GBT Technologies's interest expense for the three months ended in Mar. 2024 was $ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.19 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. GBT Technologies's Operating Income for the three months ended in Mar. 2024 was $ -0.18 Mil. GBT Technologies's Interest Expense for the three months ended in Mar. 2024 was $ -0.03 Mil. GBT Technologies 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.

GBT Technologies Interest Expense Historical Data

The historical data trend for GBT 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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GBT Technologies Interest Expense Chart

GBT Technologies Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-13.04

-7.15

-2.85

-1.41

-2.91

GBT Technologies Quarterly Data
	Jun19	Sep19	Dec19	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															-1.74	-0.48	-0.19	-0.50	-0.03

GBT 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.19 Mil.

GBT Technologies (OTCPK:GTCH) 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.

GBT Technologies's Interest Expense for the three months ended in Mar. 2024 was $-0.03 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.31 Mil.

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

GBT Technologies did not have earnings to cover the interest expense.

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

GBT Technologies (GBT Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GBT Technologies Inc (OTCPK:GTCH) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

2450 Colorado Avenue, Suite 100E, Santa Monica, CA, USA, 90404

Website

https://www.gbtti.com

GBT Technologies Inc is engaged in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including wireless mesh network technology platform and fixed solutions, development of an intelligent human body vitals device, prepaid services, asset-tracking IoT, and wireless mesh networks. The Company also offers prepaid cellular phone minutes for both domestic and international carriers. It derives revenue from the provision of IT consulting services; and from the licensing of its technology.

Executives

Douglas Landers Davis	officer: CEO	C/O GOPHER PROTOCOL,, 2500 BROADWAY,SUITE F-125, SANTA MONICA CA 90404
Mitchell Kirk Tavera	director	10 CLUB VIEW LANE, ROLLING HILLS ESTATES CA 90274
Eva Bitter	director	PACSIRTA UTCA 3., PILISBOROSJENO K5 2097
Ned L Siegel	director	600 WILSHIRE BOULEVARD, LOS ANGELES CA 90017
Robert M. Yaspan	director	21700 OXNARD STREET, SUITE 1750, WOODLAND HILLS CA 91367
Judit Nagypal	director	HANS-DOLLGAST STR. 12, MUNICH 2M 80807
Muhammad Khilji	director	23832 ROCKFIELD BLVD, UNIT 170, LAKE FOREST CA 92630
Kevin Pickard	officer: Chief Financial Officer	28245 AVENUE CROCKER, SUITE 220, VALENCIA CA 91355
Dan Rittman	director, 10 percent owner, officer: Chief Technology Officer	C/O GOPHER PROTOCOL INC., 23129 CAJALCO ROAD, PERRIS CA 92570
Direct Communications, Inc	10 percent owner	19528 VENTURA BLVD #355, TARZANA CA 91356
Michael Murray	director, 10 percent owner, officer: President, CEO & Secretary	C/O GOPHER PROTOCOL INC., 23129 CAJALCO ROAD, PERRIS CA 92570
Reko Holdings, Llc	10 percent owner	20154 CHAPTER DR, WOODLAND HILLS CA 91364