Hour Loop (Hour Loop) Interest Expense : $-0.2 Mil (TTM As of Mar. 2024)

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What is Hour Loop Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hour Loop'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 $-0.2 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. Hour Loop's Operating Income for the three months ended in Mar. 2024 was $ 1.5 Mil. Hour Loop's Interest Expense for the three months ended in Mar. 2024 was $ -0.1 Mil. Hour Loop's Interest Coverage for the quarter that ended in Mar. 2024 was 24.81. 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.

Hour Loop Interest Expense Historical Data

The historical data trend for Hour Loop'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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Hour Loop Interest Expense Chart

Hour Loop Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.05

-0.04

-0.06

-0.14

-0.25

Hour Loop Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-0.06	-0.06	-0.06	-0.06	-0.06

Hour Loop 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 $-0.2 Mil.

Hour Loop (NAS:HOUR) 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.

Hour Loop'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 $1.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $4.2 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1.538	/	-0.062
	=	24.81

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

Hour Loop (Hour Loop) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hour Loop Inc (NAS:HOUR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

8201 164th Avenue North East, Redmond, WA, USA, 98052-7615

Website

https://www.hourloop.com

Hour Loop Inc is a technology-enabled consumer products company that uses machine learning and data analytics to design, develop, market, and sell products. Hour Loop predominantly operates through online retail channels such as Amazon, Walmart, and Hourloop.com. The Company, as an Internet marketplace seller, sells products in multiple categories, including home/garden decor, toys, kitchenware, apparel, and electronics.

Executives

Hillary Hui-chong Bui	director	C/O HOUR LOOP, INC. 8201 164TH AVE. NE, REDMOND WA 98052-7615
Sau Kuen Yu	director, 10 percent owner, officer: Senior Vice President	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Rahul Ray Ratan	officer: Chief Financial Officer	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Sam Lai	director, 10 percent owner, officer: Chief Executive Officer	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Michael Minkin Lenner	director	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Douglas Ian Branch	director	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Minghui Gao	director	C/O HOUR LOOP, INC., 8201 164TH AVE NE, #200, REDMOND WA 98052-7615

Hour Loop (Hour Loop) Headlines

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