Reed'S, Inc. (REED) Interest Expenses (2010 - 2024)
Reed'S (REED) reported Interest Expenses of $2.41 million for Q3 2024, up 86.0% from $1.29 million a year earlier and up 109.1% from the prior quarter.
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Analysis
Reed'S, Inc. (REED) Interest Expenses (2010 - 2024) Analysis & Trends
Over the twelve months ended Sep 30, 2024, Reed'S's Interest Expenses came in at $6.23 million, down 17.7% year-over-year; for FY2023, it came in at $6.11 million, up 16.9% from FY2022.
- Interest Expenses has a five-year compound annual growth rate of 22.6% (FY2018 to FY2023).
- By year, Interest Expenses came in at $5.22 million in FY2022 and $1.29 million in FY2019 (-41.6%).
- The Q3 2024 figure ranks as the highest quarterly Interest Expenses since Q4 2022.
- Year over year, Interest Expenses gained in four of the last seven quarters, with growth averaging 46.3%.
- The high point for year-over-year Interest Expenses in five years was Q2 2023 (growth of 156.4%); the low point was Q4 2019 (a decline of 48.6%).
- Per Business Quant data, the three quarters before Q3 2024 came in at $1.15 million (Q2 2024), $1.02 million (Q1 2024) and $1.65 million (Q4 2023).
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 2.41 Mn |
| Jun 30, 2024 | 1.15 Mn |
| Mar 31, 2024 | 1.02 Mn |
| Dec 31, 2023 | 1.65 Mn |
| Sep 30, 2023 | 1.29 Mn |
| Jun 30, 2023 | 1.39 Mn |
| Mar 31, 2023 | 1.78 Mn |
| Dec 31, 2022 | 3.10 Mn |
| Sep 30, 2022 | 777,000.00 |
| Jun 30, 2022 | 541,000.00 |
| Mar 31, 2022 | 801,000.00 |
| Jun 30, 2020 | 303,000.00 |
| Mar 31, 2020 | 336,000.00 |
| Dec 31, 2019 | 339,000.00 |
| Sep 30, 2019 | 318,000.00 |
| Jun 30, 2019 | 294,000.00 |
| Mar 31, 2019 | 335,000.00 |
| Dec 31, 2018 | 659,000.00 |
| Sep 30, 2018 | 621,000.00 |
| Jun 30, 2018 | 435,000.00 |
API Access
Reed'S, Inc. Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expenses&ticker=REED&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "ticker": "REED", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expenses&ticker=REED&period=max&api_key=YOUR_API_KEY");
const data = await res.json();