OLB (The OLB Group) Interest Expense : $-0.05 Mil (TTM As of Jun. 2024)

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What is The OLB Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The OLB Group's interest expense for the three months ended in Jun. 2024 was $ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-0.05 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. The OLB Group's Operating Income for the three months ended in Jun. 2024 was $ -2.62 Mil. The OLB Group's Interest Expense for the three months ended in Jun. 2024 was $ -0.03 Mil. The OLB Group 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.

The OLB Group Interest Expense Historical Data

The historical data trend for The OLB Group'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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The OLB Group Interest Expense Chart

The OLB Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.25

-1.04

-0.12

-0.15

The OLB Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-0.01	-0.03

The OLB Group 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.05 Mil.

The OLB Group (NAS:OLB) 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.

The OLB Group's Interest Expense for the three months ended in Jun. 2024 was $-0.03 Mil. Its Operating Income for the three months ended in Jun. 2024 was $-2.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $0.00 Mil.

The OLB Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

The OLB Group did not have earnings to cover the interest expense.

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

The OLB Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The OLB Group Inc (NAS:OLB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1120 Avenue of the Americas, 4th Floor, New York, NY, USA, 10036

Website

https://www.olb.com

The OLB Group Inc is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise. It focuses on a suite of products in the merchant services marketplace and seeks to provide integrated business solutions to merchants throughout the United States. Along with its subsidiaries, the company offers a cloud-based business management platform that provides turnkey solutions for merchants to enable them to build and manage their retail businesses, whether online or at a brick-and-mortar location, payment processing solutions, payment gateway, virtual terminal with proprietary business management tools, and crowdfunding solutions. The Company has two business segments; Fintech Services which generates key revenue, and the Bitcoin Mining business segment.

Executives

Patrick G Smith	officer: Vice President	200 PARK AVENUE, SUITE 1700, NEW YORK NY 10166
Ronny Yakov	director, 10 percent owner, officer: see remarks	1120 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John E Herzog	10 percent owner	C/O HERZOG & CO., INC., 824 HARBOR ROAD, SOUTHPORT CT 06890
Ehud Ernst	director	8 RAZIEL STREET, TEL AVIV L3 00000
Alina Dulimof	director	200 PARK AVENUE, SUITE 1700, NEW YORK NY 10166
Amir Sternhell	director	SERTAINTY CORPORATION, 1420 DONALDSON PIKE A-20, NASHVILLE TN 37217
George Katsiaunis	director	96 WOODLAND PARK DRIVE, TENAFLY NJ 07670
Rachel Boulds Cpa, Pllc	officer: Chief Financial Officer	6371 S. GLENOAKS STREET, MURRAY UT 84107