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Webuy Global (Webuy Global) Interest Expense : $-0.29 Mil (TTM As of Dec. 2023)


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What is Webuy Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Webuy Global's interest expense for the six months ended in Dec. 2023 was $ -0.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.29 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. Webuy Global's Operating Income for the six months ended in Dec. 2023 was $ -1.50 Mil. Webuy Global's Interest Expense for the six months ended in Dec. 2023 was $ -0.21 Mil. Webuy Global 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.

Webuy Global Interest Expense Historical Data

The historical data trend for Webuy Global'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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Webuy Global Interest Expense Chart

Webuy Global Annual Data
Trend Dec21 Dec22 Dec23
Interest Expense
-0.03 -0.28 -0.29

Webuy Global Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Interest Expense - -0.10 -0.18 -0.09 -0.21

Webuy Global 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.29 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.

Webuy Global  (NAS:WBUY) 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.

Webuy Global's Interest Expense for the six months ended in Dec. 2023 was $-0.21 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-1.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $2.40 Mil.

Webuy Global's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Webuy Global 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.

Webuy Global (Webuy Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Webuy Global Ltd (NAS:WBUY) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
35 Tampines Street 92, Singapore, SGP, 528880
Website
https://www.webuysg.com
Webuy Global Ltd is an emerging Southeast Asian (SEA) community-oriented e-commerce retailer (Community e-Commerce Retailor) with a focus on grocery and travel. Community e-commerce is a deepened extension form of e-commerce, where social media users with mutual interest and like-minded behavior are connected, forming a community group within a network through an online medium. Its mission is to make social shopping a new lifestyle for consumers and to empower consumers' purchases with an efficient cost-saving purchasing model. The company is also engaged in selling packaged tours to its customer. The majority of revenue is derived from the sales of groceries through its online platform.