Innerscope Hearing Technologies (Innerscope Hearing Technologies) Interest Expense : $-1.10 Mil (TTM As of Dec. 2020)

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What is Innerscope Hearing Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Innerscope Hearing Technologies's interest expense for the three months ended in Dec. 2020 was $ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was $-1.10 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. Innerscope Hearing Technologies's Operating Income for the three months ended in Dec. 2020 was $ -0.15 Mil. Innerscope Hearing Technologies's Interest Expense for the three months ended in Dec. 2020 was $ -0.12 Mil. Innerscope Hearing 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.

Innerscope Hearing Technologies Interest Expense Historical Data

The historical data trend for Innerscope Hearing 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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Innerscope Hearing Technologies Interest Expense Chart

Innerscope Hearing Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-0.08

-1.27

-3.34

-1.71

Innerscope Hearing Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Interest Expense	Get a 7-Day Free Trial															-1.00	-0.13	-0.56	-0.29	-0.12

Innerscope Hearing 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 Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.10 Mil.

Innerscope Hearing Technologies (OTCPK:INND) 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.

Innerscope Hearing Technologies's Interest Expense for the three months ended in Dec. 2020 was $-0.12 Mil. Its Operating Income for the three months ended in Dec. 2020 was $-0.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2020 was $1.62 Mil.

Innerscope Hearing Technologies's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Innerscope Hearing Technologies did not have earnings to cover the interest expense.

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

Innerscope Hearing Technologies (Innerscope Hearing Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Innerscope Hearing Technologies Inc (OTCPK:INND) » Definitions » Interest Expense

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Address

2151 Professional Drive, Second Floor, Roseville, CA, USA, 95661

Website

https://www.innd.com

Innerscope Hearing Technologies Inc is a manufacturer and a DTC distributor/retailer of FDA-registered hearing aids, personal sound amplifier products, hearing-related treatment therapies, doctor-formulated dietary hearing supplements, and proprietary CDB oil for treating tinnitus. It also owns and operates audiological and retail hearing device clinics and plans to continue to open and acquire additional clinics. The company operates retail hearing device clinics in California.