CURR (Currenc Group) Interest Expense : $-1.31 Mil (TTM As of Mar. 2024)

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What is Currenc Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Currenc Group's interest expense for the three months ended in Mar. 2024 was $ -1.31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.31 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. Currenc Group's Operating Income for the three months ended in Mar. 2024 was $ -1.42 Mil. Currenc Group's Interest Expense for the three months ended in Mar. 2024 was $ -1.31 Mil. Currenc 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.

Currenc Group Interest Expense Historical Data

The historical data trend for Currenc 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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Currenc Group Interest Expense Chart

Currenc Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-4.65

-11.54

-8.20

-8.00

Currenc Group Quarterly Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial			-	-	-1.67	-	-1.31

Currenc 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.31 Mil.

Currenc Group (NAS:CURR) 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.

Currenc Group's Interest Expense for the three months ended in Mar. 2024 was $-1.31 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-1.42 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2.86 Mil.

Currenc Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Currenc Group did not have earnings to cover the interest expense.

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

Currenc Group Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

410 North Bridge Road, SPACES City Hall, Singapore, SGP, 188726

Website

Currenc Group Inc is a fintech banking platform for e-wallets, financial institutions and merchants worldwide, delivering frictionless interoperable real-time fund transfers and instant messaging.

Currenc Group Headlines

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