Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Argan's interest expense for the
three
months ended in Jan. 2024 was $ 0.0 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $0.0 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. Argan's Operating Income for the
three
months ended in Jan. 2024 was $ 11.7 Mil. Argan's Interest Expense for the
three
months ended in Jan. 2024 was $ 0.0 Mil.
Argan has no long-term debt (1).
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.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Argan 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 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.
Argan (NYSE:AGX) 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.
Argan's Interest Expense for the
three
months ended in Jan. 2024 was $0.0 Mil. Its
Operating Income
for the
three
months ended in Jan. 2024 was $11.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Jan. 2024 was $0.0 Mil.
Argan's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as
| Argan had no long-term debt (1). |
* 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.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Argan Inc has enough cash to cover all of its debt. Its financial situation is stable.
Argan (AGX) Business Description
Traded in Other Exchanges
Address
One Church Street, Suite 201, Rockville, MD, USA, 20850
Argan Inc is a United States-based company that primarily operates in the power industry services segment through its wholly-owned subsidiaries. Gemma Power Systems and affiliates, one of Argan's subsidiaries, contributed almost all Argan's sales. GPS is a contractor that provides a full range of engineering, procurement, and construction services for power-generating projects. GPS' works encompass complete plant design, construction, electrical interconnection, plant testing, and commissioning. Argan also generates a small portion of sales from industrial fabrication and field services, as well as telecommunication infrastructure services. It operates in three segments: Power Services, Industrial Services, and Telecom Services, out of which Power Services derive majority revenue.
Executives
| Cynthia Flanders |
director, officer: SVP & CFO |
10006 WILDWOOD ROAD, KENSINGTON MD 20895 |
| Jeffrey John Ronald Jr. |
director |
55 GRANDVIEW CIRCLE, MANHASSET NY 11030 |
| Griffin William F Jr |
director, officer: VC/CEO of Gemma Power Systems |
C/O GEMMA POWER SYSTEMS, LLC, 769 HEBRON AVENUE, GLASTONBURY CT 06033 |
| Mitchell W G Champion |
director |
NETWORK SOLUTIONS, INC., 3009 RIVER LANE, NEW BERN NC 28562 |
| David Hibbert Watson |
officer: SVP and CFO |
C/O ARGAN, INC., ONE CHURCH STREET, SUITE 201, ROCKVILLE MD 20850 |
| Richard H Deily |
officer: Vice President |
C/O ARGAN, INC., ONE CHURCH STREET, SUITE 201, ROCKVILLE MD 20850 |
| Peter W Getsinger |
director |
35 SNOW?S POINT, EDGARTOWN MA 02539 |
| James W Quinn |
director |
PUROFLOW INCORPORATED, ONE CHURCH STREET SUITE 302, ROCKVILLE MD 20850 |
| Trebilcock Terrance Colin |
officer: Co-President, Gemma Power Sys. |
64 SADDLE RIDGE ROAD, GLASTONBURY CT 06033 |
| Collins Charles Edwin Iv |
officer: Co-President, Gemma Power Sys. |
68 HICKORY DRIVE, SOUTH GLASTONBURY CT 06073 |
| Mano S Koilpillai |
director |
7380 IRA SEARS ROAD, ADAMSTOWN MD 21710 |
| James E Quinn |
director |
C/O TIFFANY & CO LEGAL DEPT, 727 FIFTH AVE, NEW YORK NY 10022 |
| Henry A Crumpton |
director |
2101 WILSON BLVD., SUITE 500, ARLINGTON VA 20005 |
| William F. Leimkuhler |
director |
43 SALEM STRAITS RD, DARIEN CT 06820 |
| Rainer H Bosselmann |
director, officer: Chairman of the Board and CEO |
PUROFLOW INCORPORATED, ONE CHURCH STREET SUITE 302, ROCKVILLE MD 20850 |
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