Akazoo (Akazoo) Interest Expense : $-0.06 Mil (TTM As of Sep. 2019)

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What is Akazoo Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Akazoo's interest expense for the three months ended in Sep. 2019 was $ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2019 was $-0.06 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. Akazoo's Operating Income for the three months ended in Sep. 2019 was $ 0.45 Mil. Akazoo's Interest Expense for the three months ended in Sep. 2019 was $ -0.06 Mil. Akazoo's Interest Coverage for the quarter that ended in Sep. 2019 was 7.71. 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.

Akazoo Interest Expense Historical Data

The historical data trend for Akazoo'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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Akazoo Interest Expense Chart

Akazoo Annual Data

Trend

Mar15

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Interest Expense

Akazoo Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Interest Expense	Get a 7-Day Free Trial										-	-	-	-	-0.06

Akazoo 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.06 Mil.

Akazoo (NAS:SONG) 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.

Akazoo's Interest Expense for the three months ended in Sep. 2019 was $-0.06 Mil. Its Operating Income for the three months ended in Sep. 2019 was $0.45 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2019 was $0.00 Mil.

Akazoo's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2019 )	/	Interest Expense (Q: Sep. 2019 )
	=	-1	*	0.447	/	-0.058
	=	7.71

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

Akazoo (Akazoo) Business Description

Industry

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Traded in Other Exchanges

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Address

19 Rue de Bitbourg, Luxembourg, LUX, L-1273

Website

https://www.akazoo.com

Akazoo SA operates as a technology company. It offers on-demand music and audio streaming, media and AI technology. The Firm provides its subscribers unlimited online and offline music streaming access to a catalogue of songs on an ad-free basis. The company uses patented AI technology for music recommendations and offers online and offline listening.