SPYR Technologies (SPYR Technologies) Interest Expense : $-3.28 Mil (TTM As of Sep. 2022)

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What is SPYR Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SPYR Technologies's interest expense for the three months ended in Sep. 2022 was $ -0.87 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was $-3.28 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. SPYR Technologies's Operating Income for the three months ended in Sep. 2022 was $ -0.25 Mil. SPYR Technologies's Interest Expense for the three months ended in Sep. 2022 was $ -0.87 Mil. SPYR 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.

SPYR Technologies Interest Expense Historical Data

The historical data trend for SPYR 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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SPYR Technologies Interest Expense Chart

SPYR Technologies Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-0.01

-0.49

-0.25

-1.14

SPYR Technologies Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-0.19	-0.61	-1.09	-0.72	-0.87

SPYR 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.28 Mil.

SPYR Technologies (OTCPK:SPYR) 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.

SPYR Technologies's Interest Expense for the three months ended in Sep. 2022 was $-0.87 Mil. Its Operating Income for the three months ended in Sep. 2022 was $-0.25 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was $12.21 Mil.

SPYR Technologies's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

SPYR Technologies did not have earnings to cover the interest expense.

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

SPYR Technologies (SPYR Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SPYR Technologies (OTCPK:SPYR) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

6700 Woodlands Parkway, Suite 230, No. 331, The Woodlands, TX, USA, 77382

Website

https://www.spyr.com

SPYR Technologies is a diversified technology company. The company develops products leveraging the Internet of Things (IoT) for consumer use and large-scale applications and industries. The Company operates two segments in the Internet of Things (IoT) market. The company through its wholly-owned subsidiary GeoTraq division, develop and manufacture entirely self-contained and ultra-small Mobile IoT (Internet of Things) modules for asset tracking, location-based services, and sensor modules for remote monitoring.

Executives

Timothy Matula	director, officer: CEO	175 JACKSON AVE N, SUITE 102, MINNEAPOLIS MN 55343
Tad M Mailander	director	4811 49TH STREET, SAN DIEGO CA 92115
Barry D Loveless	officer: CFO	4643 S ULSTER ST. SUITE 1510, DENVER CO 80237
Jennifer Devon Duettra	officer: Executive Vice President	8547 E. ARAPAHOE RD., #J527, GREENWOOD VILLAGE CO 80112
James Richard Thompson	officer: President & CEO	8547 E. ARAPAHOE RD., #J527, GREENWOOD VILLAGE CO 80112