Iconic Brands (Iconic Brands) Interest Expense : $-0.78 Mil (TTM As of Mar. 2023)

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What is Iconic Brands Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Iconic Brands's interest expense for the three months ended in Mar. 2023 was $ -0.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-0.78 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. Iconic Brands's Operating Income for the three months ended in Mar. 2023 was $ -2.40 Mil. Iconic Brands's Interest Expense for the three months ended in Mar. 2023 was $ -0.17 Mil. Iconic Brands 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.

Iconic Brands Interest Expense Historical Data

The historical data trend for Iconic Brands'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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Iconic Brands Interest Expense Chart

Iconic Brands Annual Data

Trend

Dec12

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Dec22

Interest Expense

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-0.14

-0.27

-0.79

Iconic Brands Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-0.18	-0.24	-0.19	-0.17	-0.17

Iconic Brands 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.78 Mil.

Iconic Brands (OTCPK:ICNB) 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.

Iconic Brands's Interest Expense for the three months ended in Mar. 2023 was $-0.17 Mil. Its Operating Income for the three months ended in Mar. 2023 was $-2.40 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $4.82 Mil.

Iconic Brands's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Iconic Brands did not have earnings to cover the interest expense.

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

Iconic Brands (Iconic Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Iconic Brands Inc (OTCPK:ICNB) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

44 Seabro Avenue, Amityville, NY, USA, 11701

Website

https://www.iconicbrandsusa.com

Iconic Brands Inc is engaged in the development and sale of alcohol and non-alcohol brands that are Better-for-You (BFY) and Better-for-the-Planet. The company's brands include Bellissima by Christie Brinkley, a premium BFY collection of Prosecco, Sparkling Wines, and Still Wines, all certified vegan and made with organic grapes. The Company has two reportable segments: the sale of branded alcoholic beverages segment includes the development and sale of alcohol and non-alcohol brands that are BFY and better-for-the-planet and the specialty packaging segment includes the packaging of low-calorie, ready-to-go products, RTF products, and RTD products in sustainable, flexible and stand-up pouch packaging.

Executives

David R Allen	officer: Chief Financial Officer	C/O CONVERTED ORGANICS INC., 7A COMMERCIAL WHARF WEST, BOSTON MA 02110
Larry Romer	officer: Chief Executive Officer	44 SEABRO AVENUE, AMITYVILLE NY 11701
Roseann Faltings	director, officer: Vice President and Director	44 SEABRO AVENUE, AMITYVILLE NY 11701
Innoaccel Investments Llc	10 percent owner	247 E. DARK HOLLOW RD., PIPERSVILLE PA 18947
John Cosenza	officer: Chief Operating Officer	44 SEABRO AVENUE, AMITYVILLE NY 11701
Thomas A. Belton	10 percent owner	247 E. DARK HOLLOW RD., PIPERSVILLE PA 18947
Richard J Decicco	director, 10 percent owner, officer: CEO, Director	44 SEABRO AVENUE, AMITYVILLE NY 11701
William S. Blacker	officer: Chief Financial Officer, other: V.P of Finance & Adminstration	C/O HARBREW IMPORTS LTD. CORP., 102 BUFFALO AVENUE, FREEPORT NY 11520
Edd Cockerill	director, officer: President, CEO & CFO	1921 DENVER WEST COURT, #2022, GOLDEN CO 80401