iGen Networks (iGen Networks) Interest Expense : $-0.20 Mil (TTM As of Sep. 2023)

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What is iGen Networks Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. iGen Networks's interest expense for the three months ended in Sep. 2023 was $ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.20 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. iGen Networks's Operating Income for the three months ended in Sep. 2023 was $ -0.08 Mil. iGen Networks's Interest Expense for the three months ended in Sep. 2023 was $ -0.05 Mil. iGen Networks 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.

iGen Networks Interest Expense Historical Data

The historical data trend for iGen Networks'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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iGen Networks Interest Expense Chart

iGen Networks Annual Data

Trend

Dec13

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Dec22

Interest Expense

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-0.17

-0.22

-0.38

-0.16

-0.19

iGen Networks Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.03	-0.07	-0.05	-0.04	-0.05

iGen Networks 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.20 Mil.

iGen Networks (OTCPK:IGEN) 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.

iGen Networks's Interest Expense for the three months ended in Sep. 2023 was $-0.05 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.17 Mil.

iGen Networks's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

iGen Networks did not have earnings to cover the interest expense.

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

iGen Networks (iGen Networks) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » iGen Networks Corp (OTCPK:IGEN) » Definitions » Interest Expense

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Address

31772 Casino Drive, Suite C, Lake Elsinore, CA, USA, 92530

Website

http://www.igen-networks.com

iGen Networks Corp is engaged in the development and marketing of software services for the automotive industry. It has one reportable segment being Vehicle Tracking and Recovery Solutions. The company works with wireless carriers, hardware suppliers and software developers to provide direct and secure access to information on the vehicle and the driver's behavior. The software services are delivered from the AWS Cloud to the consumer and their families over the wireless networks and accessed from any mobile or desktop device. The software services are marketed to automotive dealers, financial institutions, and direct-to-consumer through various commercial and consumer brands. The company's brands include Nimbo Tracking, CU Trak, and Medallion GPS PRO.

Executives

Neil Gene Chan	director, officer: CEO	1075 ST. DAVID STREET, VICTORIA A1 V8S 4Y7
Robert G Friedman	director, 10 percent owner	510 EAST 80 STREET, NEW YORK NY 10075
Sierra Abel Israel Sr	officer: VP/GM	28375 ROSTRATA AVE, LAKE ELSINORE CA 92532
Robert Nealon	director	119 NORTH HENRY STREET, ALEXANDRIA VA 22314
Richard Allan Freeman	director, officer: COO	361 WEST 20TH AVE, VANCOUVER A1 V5Y 2C5
Richard Gilbertson	director, officer: Chief Financial Officer	408 WEST PALM AIRE DRIVE, POMPANO BEACH FL 33069
Chris Shade	director	84283 - 5512 4TH STREET NW, CALGARY A0 T2K 1A9
Monty Ormsby	director, officer: President	5605 INDIGO BAY WAY, LAS VEGAS NV 89131
Michael Grudman	director, officer: CFO	104 - 838 W16TH AVE, VANCOUVER A1 V5Z 1T1