Electro Rent (Electro Rent) Interest Expense : $-0.5 Mil (TTM As of Feb. 2016)

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What is Electro Rent Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Electro Rent's interest expense for the three months ended in Feb. 2016 was $ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2016 was $-0.5 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. Electro Rent's Operating Income for the three months ended in Feb. 2016 was $ 1.7 Mil. Electro Rent's Interest Expense for the three months ended in Feb. 2016 was $ -0.2 Mil. Electro Rent's Interest Coverage for the quarter that ended in Feb. 2016 was 7.75. 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.

Electro Rent Interest Expense Historical Data

The historical data trend for Electro Rent'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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Electro Rent Interest Expense Chart

Electro Rent Annual Data

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Interest Expense

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Electro Rent Quarterly Data
	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16
Interest Expense	Get a 7-Day Free Trial															-	-	-0.24	-	-0.22

Electro Rent 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 Feb. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.5 Mil.

Electro Rent (NAS:ELRC) 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.

Electro Rent's Interest Expense for the three months ended in Feb. 2016 was $-0.2 Mil. Its Operating Income for the three months ended in Feb. 2016 was $1.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2016 was $0.0 Mil.

Electro Rent's Interest Coverage for the quarter that ended in Feb. 2016 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2016 )	/	Interest Expense (Q: Feb. 2016 )
	=	-1	*	1.712	/	-0.221
	=	7.75

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

Electro Rent (Electro Rent) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Electro Rent Corp (NAS:ELRC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Website

http://www.electrorent.com

Electro Rent Corp was incorporated in California in 1965 and became a publicly held corporation in 1980. The Company rental, lease and sells of new and used electronic test and measurement equipment. The Company purchases that equipment from manufacturers such as Agilent and Tektronix primarily for use by its customers in the aerospace, telecommunications, defense, electronics, industrial and semiconductor industries. The Company data products division provides personal computers and servers from manufacturers including Dell, HP/Compaq, IBM, Toshiba and Apple. It has also expanded its rental, lease and sale of electrical test and inspection equipment used in the industrial industry, which includes electrical contractors and utility companies and their related support services providers. The Company's competitors in the North American T&M rental area include McGrath Rent Corp., Continental Resources, Test Equity and Microlease PLC. It competes for rental business with Microlease plc and Livingston Group Ltd. in Europe and Orix Corporation in Asia.

Executives

James S Pignatelli	director	2300 E SLINGSHOT WAY, KAMAS UT 84036
Theodore E Guth	director	6060 SEPULVEDA BOULEVARD, VAN NUYS CA 91411
Joseph J Kearns	director	C/O ELECTRO RENT CORP, 6060 SEPULVEDA BLVD, VAN NUYS CA 91411
Platinum Equity Llc	10 percent owner	360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
Tom Gores	10 percent owner	C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Investment Holdings Iii, Llc	10 percent owner	C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Partners Iii, Llc	10 percent owner	C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
S Lee Kling	director	1401 S BRENTWOOD BLVD, ST LOUIS MO 63144

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