Smith-Midland (Smith-Midland) Interest Expense

: $-0.27 Mil (TTM As of Sep. 2023)

View and export this data going back to . Start your Free Trial

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Smith-Midland's interest expense for the three months ended in Sep. 2023 was $ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.27 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. Smith-Midland's Operating Income for the three months ended in Sep. 2023 was $ 1.50 Mil. Smith-Midland's Interest Expense for the three months ended in Sep. 2023 was $ -0.06 Mil. Smith-Midland's Interest Coverage for the quarter that ended in Sep. 2023 was 23.47. 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.

Smith-Midland Interest Expense Historical Data

The historical data trend for Smith-Midland'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.

* Premium members only.

Smith-Midland Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

-0.18

-0.22

-0.19

-0.26

Smith-Midland Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense																-0.07	-0.07	-0.06	-0.06	-0.06

Smith-Midland 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.27 Mil.

Smith-Midland (NAS:SMID) 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.

Smith-Midland's Interest Expense for the three months ended in Sep. 2023 was $-0.06 Mil. Its Operating Income for the three months ended in Sep. 2023 was $1.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $5.27 Mil.

Smith-Midland's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	1.502	/	-0.064
	=	23.47

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

Smith-Midland (Smith-Midland) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Smith-Midland Corp (NAS:SMID) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

5119 Catlett Road, P.O. Box 300, Midland, VA, USA, 22728

Website

https://www.smithmidland.com

Smith-Midland Corp through its subsidiaries invents, develops, manufactures, markets sells and installs precast concrete products for primary use in the construction, highway, utilities and farming industries. The firm's customers are general contractors and federal, state and local transportation authorities. Its products include Slenderwall, JJhooks, Softsound, Sierra wall and Easi set. A substantial portion of the company's business is derived from local, state and federal building projects. The company generates revenues primarily from the sale, leasing, licensing, shipping, and installation of precast concrete products for the construction, utility and farming industries.

Executives

Wesley A Taylor	director, officer: Vice President	C/O SMITH MIDLAND CORP, 5119 CATLETT ROAD, MIDLAND VA 22728
Stephanie Poe	officer: Chief Financial Officer	5119 CATLETT ROAD, MIDLAND VA 22728
Ashley B Smith	director, officer: Vice President	C/O SMITH MIDLAND CORP, 5119 CATLETT ROAD, MIDLAND VA 22728
Rodney I Smith	director, officer: Chief Executive Officer	C/O SMITH MIDLAND CORP, 5119 CATLETT ROAD, MIDLAND VA 22728
Adam Jay Krick	officer: Chief Financial Officer	5119 CATLETT ROAD, MIDLAND VA 22728
James Russell Bruner	director	5119 CATLETT ROAD, MIDLAND VA 22728
Richard Gerhardt	director	5229 CATLETT ROAD, MIDLAND VA 20728
Russell Frederick L. Jr.	10 percent owner	1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Virginia Capital Partners, Llc	10 percent owner	1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Virginia Capital Partners Ii, Llc	10 percent owner	1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Virginia Capital Ii, Lp	10 percent owner	1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Tall Cotton Partners, Llc	10 percent owner	1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Gerhard E Borst	director	5119 CATLETT ROAD, MIDLAND VA 22728
David W Wright	10 percent owner
Canine Partners Llc	10 percent owner	255 SO 17TH ST, SUITE 2501, PHILADELPHIA PA 19103