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Snail (SNAL) Interest Expense : $-1.63 Mil (TTM As of Mar. 2024)


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What is Snail Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Snail's interest expense for the three months ended in Mar. 2024 was $ -0.40 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.63 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. Snail's Operating Income for the three months ended in Mar. 2024 was $ -2.21 Mil. Snail's Interest Expense for the three months ended in Mar. 2024 was $ -0.40 Mil. Snail 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.

Snail Interest Expense Historical Data

The historical data trend for Snail'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.

* Premium members only.

Snail Interest Expense Chart

Snail Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
-1.53 -0.57 -0.42 -0.93 -1.53

Snail Quarterly Data
Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.30 -0.30 -0.37 -0.57 -0.40

Snail 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 $-1.63 Mil.

* 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.

Snail  (NAS:SNAL) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Snail's Interest Expense for the three months ended in Mar. 2024 was $-0.40 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-2.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1.02 Mil.

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

Snail did not have earnings to cover the interest expense.

* 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.

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

Snail (SNAL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Snail Inc (NAS:SNAL) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
12049 Jefferson Boulevard, Culver City, CA, USA, 90230
Website
https://www.snail.com
Snail Inc is a global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PC's and mobile devices. Geographic presence of company is in United States and International majority of its revenue comes from United States.
Executives
Heidy Kingwan Chow officer: Chief Financial Officer 92 KESTREL, IRVINE CA 92618
Neil Foster director 320 W. 37TH STREET, 13TH FLOOR, NEW YORK NY 10018
Hai Shi director 12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Jim S. Tsai officer: Chief Executive Officer 12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Sandra Pundmann director 12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Peter Yung Kang officer: Chief Operating Officer 12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Ying Zhou director 12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Xiaoming Ye 10 percent owner ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Qianrong Capital Ltd 10 percent owner ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Suzhou Ding Rong Investment Management Ltd 10 percent owner ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Hua Yuan International Ltd 10 percent owner ROOM 8201, INTERNATIONAL COMMERCE CENTRE, 1 AUSTIN ROAD WEST, KOWLOON, HONG KONG K3 999077
Ancient Jade (east) Holdings Ltd 10 percent owner FLOOR 12 - TOWER D, NO.1 XUANWUMENWAI ST, XICHENG DISTRICT, BEIJING F4 100000