Climb Global Solutions (STU:PYA) Interest Expense : €-0.3 Mil (TTM As of Mar. 2024)

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What is Climb Global Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Climb Global Solutions's interest expense for the three months ended in Mar. 2024 was € -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.3 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. Climb Global Solutions's Operating Income for the three months ended in Mar. 2024 was € 3.3 Mil. Climb Global Solutions's Interest Expense for the three months ended in Mar. 2024 was € -0.1 Mil. Climb Global Solutions's Interest Coverage for the quarter that ended in Mar. 2024 was 35.87. 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.

Climb Global Solutions Interest Expense Historical Data

The historical data trend for Climb Global Solutions'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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Climb Global Solutions Interest Expense Chart

Climb Global Solutions Annual Data

Trend

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Interest Expense

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-0.07

-0.24

Climb Global Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.03	-	-0.04	-0.16	-0.09

Climb Global Solutions 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 €-0.3 Mil.

Climb Global Solutions (STU:PYA) 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.

Climb Global Solutions's Interest Expense for the three months ended in Mar. 2024 was €-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was €3.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1.3 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	3.336	/	-0.093
	=	35.87

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Climb Global Solutions Inc has enough cash to cover all of its debt. Its financial situation is stable.

Climb Global Solutions (STU:PYA) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Climb Global Solutions Inc (STU:PYA) » Definitions » Interest Expense

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CLMB:USA

Address

4 Industrial Way West, Suite 300, Eatontown, NJ, USA, 07724

Website

https://www.waysidetechnology.com

Climb Global Solutions Inc is a cloud-based, value-added IT distribution and solutions company specializing in emerging technologies. It operates across the USA, Canada, and Europe through multiple business units, including Climb Channel Solutions, Sigma, Grey Matter, Interwork, and TechXtend. The Company is organized into two reportable operating segments. The Distribution segment distributes technical software to corporate resellers, value added resellers (VARs), consultants and systems integrators under the name Climb Channel Solutions. The Solutions segment is a cloud solutions provider and value-added reseller of software, hardware and services to customers under the names Grey Matter.

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