Polished.com (Polished.com) Interest Expense : $-4.3 Mil (TTM As of Sep. 2023)

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What is Polished.com Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Polished.com's interest expense for the three months ended in Sep. 2023 was $ -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-4.3 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. Polished.com's Operating Income for the three months ended in Sep. 2023 was $ -3.4 Mil. Polished.com's Interest Expense for the three months ended in Sep. 2023 was $ -1.9 Mil. Polished.com 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.

Polished.com Interest Expense Historical Data

The historical data trend for Polished.com'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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Polished.com Interest Expense Chart

Polished.com Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

-1.37

-0.87

-3.68

-3.94

Polished.com Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial														-0.30	-1.35	-1.35	-1.05	-1.89

Polished.com 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 $-4.3 Mil.

Polished.com (OTCPK:POLCQ) 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.

Polished.com's Interest Expense for the three months ended in Sep. 2023 was $-1.9 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-3.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $93.2 Mil.

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

Polished.com did not have earnings to cover the interest expense.

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

Polished.com (Polished.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Polished.com Inc (OTCPK:POLCQ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1870 Bath Avenue, Brooklyn, NY, USA, 11214

Website

https://www.polished.com

Polished.com Inc is an e-commerce destination for home furnishings, appliances, furniture, home goods, and related products. It sells various products such as refrigerators, ranges, ovens, dishwashers, microwaves, freezers, washers, and dryers. The firm's brand portfolio consists of Bosch, Whirlpool, GE, Maytag, LG, Samsung, Sharp, and Kitchen Aid, among others.

Executives

Houman Akhavan	director	C/O U. S. AUTO PARTS NETWORK, INC., 17150 SOUTH MARGAY AVENUE, CARSON CA 90746
John E. Bunka	officer: Interim CEO	C/O POLISHED.COM INC., 1870 BATH AVENUE, BROOKLYN NY 11214
James M Schneider	director	C/O GAP, INC., 2 FOLSOM ST., SAN FRANCISCO CA 94105
Maria Johnson	officer: Chief Financial Officer	C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301
Albert Fouerti	director	C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301
Clark R. Crosnoe	director	13850 MANCHESTER RD, C/O 1847 GOEDEKER INC.,, BALLWIN MO 63011
Glyn C. Milburn	director	13850 MANCHESTER RD, C/O 1847 GOEDEKER INC., BALLWIN MO 63011
Gary Alan Shaw	director	C/O 1847 GOEDEKER INC., 3817 MILLSTON PARKWAY, ST. CHARLES MO 63301
Selim A Bassoul	director	C/O MIDDLEBY CORP, 1400 TOASTMASTER DRIVE, ELGIN IL 8477413300
Thomas S. Harcum	officer: CMO and CTO	C/O 1847 GOEDEKER INC., 13850 MANCHESTER RD., BALLWIN MO 63011
Alan P. Shor	director	C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301
Jacob Guilhas	officer: VP of Logistics	13850 MANCHESTER RD., BALLWIN MO 63011
1847 Holdings Llc	10 percent owner	590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Edward Tobin	director	C/O GEM SURGILIGHT INVESTORS, LLC, 9 WEST 57TH STREET, 46TH FLOOR, NEW YORK NY 10022
1847 Goedeker Holdco Inc.	10 percent owner	13850 MANCHESTER RD., BALLWIN MO 63011