Richtech Robotics (Richtech Robotics) Interest Expense : $-1.39 Mil (TTM As of Mar. 2024)

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What is Richtech Robotics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Richtech Robotics's interest expense for the three months ended in Mar. 2024 was $ -0.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.39 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. Richtech Robotics's Operating Income for the three months ended in Mar. 2024 was $ -0.95 Mil. Richtech Robotics's Interest Expense for the three months ended in Mar. 2024 was $ -0.17 Mil. Richtech Robotics 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.

Richtech Robotics Interest Expense Historical Data

The historical data trend for Richtech Robotics'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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Richtech Robotics Interest Expense Chart

Richtech Robotics Annual Data

Trend

Sep21

Sep22

Sep23

Interest Expense

-0.02

-0.73

Richtech Robotics Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial						-	-0.05	-0.68	-0.49	-0.17

Richtech Robotics 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 $-1.39 Mil.

Richtech Robotics (NAS:RR) 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.

Richtech Robotics's Interest Expense for the three months ended in Mar. 2024 was $-0.17 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.95 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.09 Mil.

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

Richtech Robotics did not have earnings to cover the interest expense.

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

Richtech Robotics (Richtech Robotics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Richtech Robotics Inc (NAS:RR) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

4175 Cameron Street, Suite 1, Las Vegas, NV, USA, 89103

Website

https://www.richtechrobotics.com

Richtech Robotics Inc is a developer of new robotic technologies focused on transforming labor-intensive services in hospitality and other sectors currently experiencing unprecedented labor shortages. The company designed, manufacture and sell robots to restaurants, hotels, senior living centers, casinos, factories, movie theaters and other businesses. Its robots perform a variety of services including restaurant running and bussing, hotel room service delivery, floor scrubbing and vacuuming, and beverage and food preparation. The company designs its robots to be friendly, customizable to client environments, and extremely reliable.

Richtech Robotics (Richtech Robotics) Headlines

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