QuickLogic (QuickLogic) Interest Expense : $-0.28 Mil (TTM As of Mar. 2024)

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What is QuickLogic Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. QuickLogic's interest expense for the three months ended in Mar. 2024 was $ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.28 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. QuickLogic's Operating Income for the three months ended in Mar. 2024 was $ 0.17 Mil. QuickLogic's Interest Expense for the three months ended in Mar. 2024 was $ -0.07 Mil. QuickLogic's Interest Coverage for the quarter that ended in Mar. 2024 was 2.51. 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.

QuickLogic Interest Expense Historical Data

The historical data trend for QuickLogic'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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QuickLogic Interest Expense Chart

QuickLogic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.35

-0.33

-0.17

-0.37

-0.33

QuickLogic 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															-0.12	-0.05	-0.08	-0.08	-0.07

QuickLogic 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 $-0.28 Mil.

QuickLogic (NAS:QUIK) 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.

QuickLogic's Interest Expense for the three months ended in Mar. 2024 was $-0.07 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1.09 Mil.

QuickLogic'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	*	0.173	/	-0.069
	=	2.51

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

QuickLogic (QuickLogic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » QuickLogic Corp (NAS:QUIK) » Definitions » Interest Expense

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Traded in Other Exchanges

QKL1:Germany

Address

2220 Lundy Avenue, San Jose, CA, USA, 95131

Website

https://www.quicklogic.com

QuickLogic Corp is engaged in the development and marketing of semiconductor and software algorithm solutions for mobile and portable electronics. The company's products enable smartphone, wearable and IoT device Original Equipment Manufacturers, or OEMs, to deliver long battery life for their customers. Its solutions fall into one of four categories: Sensor Processing, eFPGA IP and its associated Tools, Display, and Smart Connectivity. Geographically, it has a presence in the Asia Pacific, Europe, and North America. It also works with mobile processor manufacturers, sensor manufacturers, sensor fusion, and context awareness algorithm developers in the development of reference designs.

Executives

Brian C Faith	officer: VP WW Sales & Marketing	C/O QUICKLOGIC CORPORATION, 1277 ORLEANS DRIVE, SUNNYVALE CA 94089
Timothy Saxe	officer: Chief Technology Officer	109 SYLVAN WAY, LOS ALTOS CA 94022
Elias Nader	officer: CFO, SVP Finance	1778 MCCARTHY BLVD., C/O SIGMA DESIGNS, INC., MILPITAS CA 95035
Russell Christine	director	17165 PINE STREET, LOS GATOS CA 95032
Joyce Kim	director	2220 LUNDY AVENUE, 2220 LUNDY AVENUE, SAN JOSE CA 95131
Radhika Krishnan	director	333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Andrew J Pease	officer: VP, Worldwide Sales
Gary H Tauss	director
Michael Farese	director	6290 SEQUENCE DRIVE, SAN DIEGO CA 92121
Robert H Schoenfield	officer: VP Worldwide Sales	C/O AUDIENCE, INC., 331 FAIRCHILD DR., MOUNTAIN VIEW CA 94043
Suping (sue) Cheung	officer: Controller, Princ. Acctg. Off.	C/O QUICKLOGIC CORPORATION, SUNNYVALE CA 94089
Daniel A Rabinovitsj	director	400 W CESAR CHAVEZ, AUSTIN TX 78701
E Thomas Hart	director, officer: Chairman, President and CEO	1277 ORLEANS DRIVE, SUNNYVALE CA 94089-1138
Edgar Auslander	director	1277 ORLEANS DRIVE, SUNNYVALE CA 94089
Maxime Bouvat-merlin	officer: VP WW Engineering	C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101