Environmental Tectonics (Environmental Tectonics) Interest Expense : $-0.62 Mil (TTM As of Aug. 2023)

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What is Environmental Tectonics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Environmental Tectonics's interest expense for the six months ended in Aug. 2023 was $ -0.43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was $-0.62 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. Environmental Tectonics's Operating Income for the six months ended in Aug. 2023 was $ -0.85 Mil. Environmental Tectonics's Interest Expense for the six months ended in Aug. 2023 was $ -0.43 Mil. Environmental Tectonics 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.

Environmental Tectonics Interest Expense Historical Data

The historical data trend for Environmental Tectonics'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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Environmental Tectonics Interest Expense Chart

Environmental Tectonics Annual Data

Trend

Feb05

Feb06

Feb07

Feb08

Feb09

Feb10

Feb11

Feb12

Feb22

Feb23

Interest Expense

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-1.31

-0.82

-0.73

-0.53

-0.44

Environmental Tectonics Semi-Annual Data
	Feb05	Aug05	Feb06	Aug06	Feb07	Aug07	Feb08	Aug08	Feb09	Aug09	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb22	Aug22	Feb23	Aug23
Interest Expense	Get a 7-Day Free Trial															-0.45	-	-0.25	-0.19	-0.43

Environmental Tectonics 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.62 Mil.

Environmental Tectonics (OTCPK:ETCC) 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.

Environmental Tectonics's Interest Expense for the six months ended in Aug. 2023 was $-0.43 Mil. Its Operating Income for the six months ended in Aug. 2023 was $-0.85 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2023 was $2.73 Mil.

Environmental Tectonics's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Environmental Tectonics did not have earnings to cover the interest expense.

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

Environmental Tectonics (Environmental Tectonics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Environmental Tectonics Corp (OTCPK:ETCC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

125 James Way, Southampton, PA, USA, 18966

Website

https://www.etcusa.com

Environmental Tectonics Corp is an environmental simulation company that provides training equipment, emergency response training simulators, and commercial equipment for the automotive, healthcare, and medical device industries. It operates in two primary business segments, Aerospace Solutions, and Commercial/Industrial Systems (CIS). Aerospace encompasses the design, manufacture, and sale of aircrew training systems products; altitude (hypobaric) chambers; hyperbaric chambers as well as integrated logistics support. CIS encompasses the design, manufacture, and sale of steam and gas sterilizers, environmental testing and simulation devices, and hyperbaric chambers. Aerospace Solutions segment is the major revenue contributor to the company.

Executives

William F Mitchell	director, officer: CEO and President	125 JAMES WAY, SOUTHAMPTON PA 18966
George A Sawyer	director	404 N. UNION ST., ALEXANDRIA VA 22314
Harold Fitzgerald Lenfest	director, 10 percent owner	300 BARR HARBOR DRIVE, SUITE 460, WEST CONSHOHOCKEN PA 19428
Michael Malone	director	191 OTTO STREET, PORT TOWNSEND WA 98368
Laurent Robert L Jr	officer: Chief Financial Officer	P O BOX 813, LIBERTY CORNER NJ 07938
Mark Prudenti	other: Corporate Controller	C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMES WAY, SOUTHAMPTON PA 18966
Linda J Brent	director	C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMESWAY, SOUTHAMPTON PA 18966
Winston E Scott	director	C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMESWAY, SOUTHAMPTON PA 18966
Duane D. Deaner	officer: Chief Financial Officer	C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMESWAY, SOUTHAMPTON PA 18966
James D. Cashel	officer: General Counsel	C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMESWAY, SOUTHAMPTON PA 18966
Thomas G Loughlin	officer: Chief Operating Officer	C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMESWAY, SOUTHAMPTON PA 18966
Mitchell William F Jr.	officer: VP, Contracts and Purchasing	C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMESWAY, SOUTHAMPTON PA 18966
Stephen F Ryan	director	C/O ENVIRONMENTAL TECTONICS CORP., 125 JAMES WAY, SOUTHAMPTON PA 18966
Alan Mark Gemmill	director	941 UPPER HASTINGS WAY, VIRGINIA BEACH VA 23452
George K Anderson	director	125 JAMESWAY SOUTH, HAMPTON PA 18966

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