Educational Development (Educational Development) Interest Expense

: $-2.86 Mil (TTM As of Nov. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Educational Development's interest expense for the three months ended in Nov. 2023 was $ -0.73 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was $-2.86 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. Educational Development's Operating Income for the three months ended in Nov. 2023 was $ -0.94 Mil. Educational Development's Interest Expense for the three months ended in Nov. 2023 was $ -0.73 Mil. Educational Development 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.

Educational Development Interest Expense Historical Data

The historical data trend for Educational Development'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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Educational Development Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Interest Expense

-0.93

-0.89

-0.56

-0.92

-2.17

Educational Development Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Expense																-0.60	-0.66	-0.73	-0.74	-0.73

Educational Development 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.86 Mil.

Educational Development (NAS:EDUC) 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.

Educational Development's Interest Expense for the three months ended in Nov. 2023 was $-0.73 Mil. Its Operating Income for the three months ended in Nov. 2023 was $-0.94 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was $27.08 Mil.

Educational Development's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Educational Development did not have earnings to cover the interest expense.

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

Educational Development (Educational Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Educational Development Corp (NAS:EDUC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

5402 South 122nd East Avenue, Tulsa, OK, USA, 74146

Website

https://www.edcpub.com

Educational Development Corp is the United States trade publisher of the line of educational children's books produced in the United Kingdom. Its business activity functions with two reportable segments: Direct Sales Division segment and Publishing Division segment. The Publishing Division segment markets its products to retail accounts, which include the book, school supplies, toy and gift stores and museums, through commissioned sales representatives, trade and specialty wholesalers and an internal telesales group. The Direct Sales Division segment sells their books and products through independent brand partners direct to the customer. It derives a majority of revenue from the Direct sales division segment.

Executives

O Keefe Daniel E	officer: Chief Financial Officer	1221 E HOUSTON, BROKEN ARROW OK 74012
Heather N. Cobb	officer: Chief Sales & Marketing Offcr	5402 S. 122ND ST. EAST AVE., TULSA OK 74137
Craig M White	officer: VP, Operations	10302 E 55TH PL, TULSA OK 74146
Bradely Von Stoots	director	5402 S. 122ND EAST AVE, TULSA OK 74146
Randall W White	director, 10 percent owner, officer: President & CEO
Joshua J Peters	director	5402 S. 122ND EAST AVE, TULSA OK 74146
Ronald T Mcdaniel	officer: Vice President
Besty Richert	director	5402 S. 122ND EAST AVE, TULSA OK 74146
Kara Gae Neal	director	5402 S. 122ND EAST AVE, TULSA OK 74146
James F Lewis	director
G Dean Cosgrove	director
William C Fossett	officer: Controller & Corporate Secreta
John A Clerico	director	3132 S COLUMBIA CIRCLE, TULSA OK 74105
Robert D Berryhill	director	PO BOX 1120, BIXBY OK 74008
Kathy Slemp	officer: Vice President