RCM Technologies (RCM Technologies) Interest Expense : $-1.4 Mil (TTM As of Dec. 2023)

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What is RCM Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RCM Technologies's interest expense for the three months ended in Dec. 2023 was $ -0.4 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. RCM Technologies's Operating Income for the three months ended in Dec. 2023 was $ 7.9 Mil. RCM Technologies's Interest Expense for the three months ended in Dec. 2023 was $ -0.4 Mil. RCM Technologies's Interest Coverage for the quarter that ended in Dec. 2023 was 18.43. 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.

RCM Technologies Interest Expense Historical Data

The historical data trend for RCM Technologies'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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RCM Technologies Interest Expense Chart

RCM Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.70

-0.78

-0.37

-1.40

RCM Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.17	-0.36	-0.43	-0.19	-0.43

RCM Technologies 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.

RCM Technologies (NAS:RCMT) 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.

RCM Technologies's Interest Expense for the three months ended in Dec. 2023 was $-0.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $7.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $33.1 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	7.906	/	-0.429
	=	18.43

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

RCM Technologies (RCM Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » RCM Technologies Inc (NAS:RCMT) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

2500 McClellan Avenue, Suite 350, Pennsauken, NJ, USA, 08109-4613

Website

https://www.rcmt.com

RCM Technologies Inc is a provider of business and technology solutions designed to enhance and maximize the operational performance of its customers. It operates in three segments: Engineering, which provides a comprehensive portfolio of engineering and design services across three verticals: Energy Services, Process & Industrial, and Aerospace; Information Technology; and Specialty Health Care Services, engaged in providing the staffing of health care professionals, primarily health information management professionals, nurses, paraprofessionals, physicians, and therapists. The company generates maximum revenue from the Specialty Health Care segment. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada, Puerto Rico, and Serbia.

Executives

Kevin D Miller	officer: Chief Financial Officer	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Bradley Vizi	10 percent owner	10390 WILSHIRE BLVD, SUITE 406, LOS ANGELES CA 90024
Michael Saks	other: Sr. Vice President	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Chigozie Obinna Amadi	director	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Roger H Ballou	10 percent owner, other: See Explanation	C/O CDI CORP, 1717 ARCH ST 35TH FL, PHILADELPHIA PA 19103
Richard A. Genovese	director	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Jayanth Sree Komarneni	director	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Swarna Srinivas Kakodkar	director	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Michael Edward Boyle	officer: Division President, IT Srvs.	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Harvest Financial Corporation	other: See Explanation	1055 LPL WAY, 223 FOURTH AVENUE, FORT MILL SC 29715
Petraglia Frank William Jr	officer: Sr. Vice President	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Irs Partnership No. 19, L.p.	10 percent owner	515 S. FIGUEROA STREET, SUITE 1050, LOS ANGELES CA 90071
Danny A. White	officer: Sr. Vice President	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Maier O Fein	director	2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Michael O'connell	10 percent owner	515 S. FIGUEROA STREET, SUITE 1050, LOS ANGELES CA 90071