Viskase (Viskase) Interest Expense : $-3.0 Mil (TTM As of Sep. 2023)

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What is Viskase Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Viskase's interest expense for the three months ended in Sep. 2023 was $ -3.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-3.0 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. Viskase's Operating Income for the three months ended in Sep. 2023 was $ 8.4 Mil. Viskase's Interest Expense for the three months ended in Sep. 2023 was $ -3.0 Mil. Viskase's Interest Coverage for the quarter that ended in Sep. 2023 was 2.77. 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.

Viskase Interest Expense Historical Data

The historical data trend for Viskase'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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Viskase Interest Expense Chart

Viskase Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Interest Expense

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-14.19

-12.46

-12.54

-13.22

-15.82

Viskase Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Sep22	Sep23
Interest Expense	Get a 7-Day Free Trial															-4.08	-4.07	-4.17	-2.25	-3.02

Viskase 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 $-3.0 Mil.

Viskase (OTCPK:VKSC) 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.

Viskase's Interest Expense for the three months ended in Sep. 2023 was $-3.0 Mil. Its Operating Income for the three months ended in Sep. 2023 was $8.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $132.2 Mil.

Viskase'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	*	8.388	/	-3.023
	=	2.77

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

Viskase (Viskase) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Viskase Companies Inc (OTCPK:VKSC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 East Butterfield Road, Suite 400, Lombard, IL, USA, 60148-5679

Website

https://www.viskase.com

Viskase Companies Inc together with its subsidiaries manufactures and distributes non-edible cellulosic food casings used to prepare and package processed meat products. It offers cellulose, fibrous, polyamide casings, and film under the brand NOJAX, VISCOAT, MOKE MASTER, COLOR MASTER, POLYJAX, and others. The company's geographical segments are located in North America, South America, Europe, and Asia. The majority of its revenue is derived from North America.

Viskase (Viskase) Headlines

From GuruFocus

Viskase Companies, Inc. - Special Call Transcript

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