Lantronix (Lantronix) Interest Expense

: $-1.4 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lantronix's interest expense for the three months ended in Dec. 2023 was $ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.4 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. Lantronix's Operating Income for the three months ended in Dec. 2023 was $ -1.2 Mil. Lantronix's Interest Expense for the three months ended in Dec. 2023 was $ -0.2 Mil. Lantronix 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.

Lantronix Interest Expense Historical Data

The historical data trend for Lantronix'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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Lantronix Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

-0.13

-0.32

-1.47

-1.49

Lantronix Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-0.35	-0.47	-0.40	-0.34	-0.23

Lantronix 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.4 Mil.

Lantronix (NAS:LTRX) 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.

Lantronix's Interest Expense for the three months ended in Dec. 2023 was $-0.2 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-1.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $24.2 Mil.

Lantronix's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Lantronix did not have earnings to cover the interest expense.

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

Lantronix (Lantronix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lantronix Inc (NAS:LTRX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

48 Discovery, Suite 250, Irvine, CA, USA, 92618

Website

https://www.lantronix.com

Lantronix Inc is a networking company. It provides secure data access and management solutions for the Internet of Things (IoT) and information technology assets. It organizes its products and solutions into three product lines named as IoT Solutions, IoT System Solutions, and Software & Services. Embedded IoT solution segment is the key revenue driver for the company. The company serves a diverse range of markets including healthcare, industrial, security, energy, transportation, and government networking. Its primary geographic markets are the Americas, Europe, the Middle East and Africa, and Asia Pacific Japan. The Americas contribute the vast majority of total revenue.

Executives

Philip G Brace	director	LSI LOGIC CORP, 1621 BARBER LANE, MILPITAS CA 95035
Eric Bass	officer: VP of Engineering	48 DISCOVERY, SUITE 250, IRVINE CA 92618
Hoshi Printer	director	C/O LANTRONIX, INC., 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92518
Paul F Folino	director	ONE ENTERPRISE, ALISO VIEJO CA 92656
Jason Cohenour	director	47669 FREMONT BLVD, FREMONT CA 94538
Phu Hoang	director	48 DISCOVERY, SUITE 250, IRVINE CA 92618
Jeremy Whitaker	officer: Chief Financial Officer and Co	15353 BARRANCA PARKWAY, IRVINE CA 92618
Paul H Pickle	director, officer: President & CEO	200 FLYNN ROAD, CAMARILLO CA 93012
Fathi Hakam	officer: Vice President of Engineering	7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618
Roger Holliday	officer: VP of Worldwide Sales	7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618
Heidi Nguyen	director	C/O LANTRONIX, 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA IRVINE
Bernhard Bruscha	director, 10 percent owner	LANTRONIX INC, 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618
Hale Martin M Jr	director, 10 percent owner
Margaret A Evashenk	director	EMULEX CORPORATION, 3333 SUSAN STREET, COSTA MESA CA 92626
Kevin Yoder	officer: VP of Worldwide Sales	7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618