Ackroo (TSXV:AKR) Interest Expense : C$-0.37 Mil (TTM As of Mar. 2024)

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What is Ackroo Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ackroo's interest expense for the three months ended in Mar. 2024 was C$ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.37 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. Ackroo's Operating Income for the three months ended in Mar. 2024 was C$ 0.20 Mil. Ackroo's Interest Expense for the three months ended in Mar. 2024 was C$ -0.08 Mil. Ackroo's Interest Coverage for the quarter that ended in Mar. 2024 was 2.49. 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.

Ackroo Interest Expense Historical Data

The historical data trend for Ackroo'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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Ackroo Interest Expense Chart

Ackroo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.22

-0.54

-0.50

-0.37

-0.38

Ackroo 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															-0.09	-0.09	-0.08	-0.11	-0.08

Ackroo 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 C$-0.37 Mil.

Ackroo (TSXV:AKR) 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.

Ackroo's Interest Expense for the three months ended in Mar. 2024 was C$-0.08 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$0.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$1.14 Mil.

Ackroo'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	*	0.202	/	-0.081
	=	2.49

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ackroo Inc interest coverage is 3.97, which is low.

Ackroo (TSXV:AKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ackroo Inc (TSXV:AKR) » Definitions » Interest Expense

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AKRFF:USA

Address

1250 South Service Road, Unit A3-1 (3rd Floor), Hamilton, ON, CAN, L8E 5R9

Website

https://www.ackroo.com

Ackroo Inc provides marketing, payment, and point-of-sale solutions for merchants of all sizes. Through a SaaS-based business model, the company provides an in-store and online automated solution to help merchants process loyalty, gift card, and promotional transactions at the point of sale, provide key administrative and marketing data, and to allow customers to access and manage their loyalty and gift card accounts. Its payment services provide merchants with low-cost payment processing options through some of the world's largest payment technology and service providers. Ackroo's hybrid management and point-of-sale solutions help manage and optimize the general operations for niche industries including golf clubs, automotive dealers, and more.

Executives

Stephen Alexander Levely

Senior Officer