Scientific Industries (Scientific Industries) Interest Expense : $0.00 Mil (TTM As of Dec. 2023)

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What is Scientific Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Scientific Industries's interest expense for the three months ended in Dec. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $0.00 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. Scientific Industries's Operating Income for the three months ended in Dec. 2023 was $ -2.34 Mil. Scientific Industries's Interest Expense for the three months ended in Dec. 2023 was $ 0.00 Mil. GuruFocus does not calculate Scientific Industries's interest coverage with the available data. 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.

Scientific Industries Interest Expense Historical Data

The historical data trend for Scientific Industries'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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Scientific Industries Interest Expense Chart

Scientific Industries Annual Data

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Interest Expense

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Scientific Industries Quarterly Data
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Scientific Industries 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 $0.00 Mil.

Scientific Industries (OTCPK:SCND) 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.

Scientific Industries's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-2.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1.01 Mil.

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

GuruFocus does not calculate Scientific Industries's interest coverage with the available data.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Scientific Industries Inc has enough cash to cover all of its debt. Its financial situation is stable.

Scientific Industries (Scientific Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Scientific Industries Inc (OTCPK:SCND) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Orville Drive, Suite 102, Bohemia, NY, USA, 11716

Website

https://www.scientificindustries.com

Scientific Industries Inc is engaged in the design, manufacture, and marketing of benchtop laboratory equipment. Its products are used for research purposes by universities, pharmaceutical companies, pharmacies, national laboratories, medical device manufacturers, petrochemical companies, and other industries performing laboratory-scale research. The company's operating segment includes Benchtop Laboratory Equipment, Bioprocessing Systems and Corporate. It generates maximum revenue from the Benchtop Laboratory Equipment segment. The company offers equipment products such as mixers, shakers, stirrers, refrigerated incubators, pharmacy balances and scales, force gauges, catalyst instruments, reactor systems, and high throughput systems.

Executives

Bleichroeder Lp	10 percent owner	1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
Marcus Frampton	director, 10 percent owner	800 F STREET, UNIT #P2, JUNEAU AK 99801
Jurgen Walter Schumacher	director	WARTAWEIL 14, HERRSCHING 2M 82211
Reginald Averilla	officer: Chief Financial Officer	175-20 WEXFORD TERRACE, APT 2X, JAMAICA NY 11432
Joseph G Cremonese	director	C/O SCIENTIFIC INDUSTRIES INC, 70 ORVILLE DR, BOHEMIA NY 11716
John A Moore	director	403 MARSH LANE, WILMINGTON DE 19807
Helena R Santos	director, officer: President and CEO
Veradace Partners Lp	10 percent owner	2626 COLE AVENUE, SUITE 300, DALLAS TX 75204
James B Polk	officer: Chief Commercial Officer	7550 GLEN RIDGE DRIVE, CASTLE PINES CO 80101
Roy T Eddleman	10 percent owner	110 W. GEORGE BURNS ROAD, SUITE D-4018, LOS ANGELES CA 90048
Lyon Polk	10 percent owner	1585 BROADWAY, 22ND FLOOR, NEW YORK NY 10036
Christopher T Cox	10 percent owner	CADWALADER, WICKERSHAM & TAFT LLP, ONE WORLD FINANCIAL CENTER, NEW YORK NY 10281
Robert Nichols	officer: Secretary	C/O SCIENTIFIC INDUSTRIES, INC., 70 ORVILLE DRIVE, BOHEMIA NY 11716
Watkins John F F	director	469 PUMPKIN LANE, CLINTON CORNERS NY 12514
Karl Nowosielski	officer: President-Division	C/O SCIENTIFIC INDUSTRIES, 70 ORVILLE DRIVE, BOHEMIA NY 11716