Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tel Instrument Electronics's interest expense for the
three
months ended in Dec. 2023 was $ -0.02 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.32 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. Tel Instrument Electronics's Operating Income for the
three
months ended in Dec. 2023 was $ 0.25 Mil. Tel Instrument Electronics's Interest Expense for the
three
months ended in Dec. 2023 was $ -0.02 Mil.
Tel Instrument Electronics's Interest Coverage for the quarter that ended in Dec. 2023 was 10.74.
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.
Tel Instrument Electronics 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 $-0.32 Mil.
* 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.
Tel Instrument Electronics (OTCPK:TIKK) Interest Expense Explanation
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. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Tel Instrument Electronics's Interest Expense for the
three
months ended in Dec. 2023 was $-0.02 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $0.25 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $1.17 Mil.
Tel Instrument Electronics's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
* 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.
The higher the ratio, the stronger the company's financial strength is.
Tel Instrument Electronics (Tel Instrument Electronics) Business Description
Traded in Other Exchanges
N/A
Address
One Branca Road, East Rutherford, NJ, USA, 07073
Tel Instrument Electronics Corp is a designer and manufacturer of avionics test and measurement solutions for the global commercial air transport, general aviation, and government, military aerospace, and defense markets. It designs, manufactures and sells instruments to test and measure, and calibrates and repairs airborne navigation and communication equipment. The company's reportable segments are Avionics government and Avionics commercial. The avionics government segment consists of the design, manufacture, and sale of test equipment to the U.S. and foreign governments and militaries. The Avionics commercial segment consists of design, manufacture, and sale of test equipment to domestic and foreign airlines. It generates a majority of its revenue from the Avionics Government segment.
Executives
| Dowling Vincent J. Jr |
10 percent owner |
54 LEDYARD, WEST HARTFORD CT 06117 |
| Robert A Rice |
director |
728 GARDEN ST, CARLSTADT NJ 07072 |
| Joseph P Macaluso |
10 percent owner, officer: Principal Accounting Officer |
|
| Stephen A Fletcher |
director, 10 percent owner |
ONE BRANCA RD, EAST RUTHERFORD NJ 07073-2121 |
| Sadie Elizabeth Fletcher |
10 percent owner |
ONE BRANCA RD, EAST RUTHERFORD NJ 07073-2121 |
| Michael Wolfgang Schirmer |
officer: Chief Operating Officer |
ONE BRANCA ROAD, EAST RUTHERFORD NJ 07073 |
| Jeff C Ohara |
director |
ONE BRANCA RD, EAST RUTHERFORD NJ 07073 |
| George J Leon |
director, 10 percent owner |
|
| Chris H Allen |
officer: VP of Operations |
ONE BRANCA RD, EAST RUTHERFORD NJ 07073 |
| Harold K Fletcher |
director, 10 percent owner, officer: CEO |
|
| Marc A Mastrangelo |
officer: Vice President-Manufacturing |
728 GARDEN ST, CARLSTADT NJ 07072 |
| Adam Rachlin |
officer: Vice President |
728 GARDEN ST, CARLSTADT NJ 07072 |
| Charles R Palanzo |
officer: COO |
728 GARDEN STREET, CARLSTADT NJ 07072 |
| Robert H Walker |
director |
C/O ROBOTIC VISION SYSTEMS INC, 486 AMHERST STREET, NASHUA NH 03063 |
| Robert J Melnick |
director, officer: Vice President |
|
Tel Instrument Electronics (Tel Instrument Electronics) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TIKK has been successfully added to your 