API Technologies (API Technologies) Interest Expense : $-18.0 Mil (TTM As of Feb. 2016)

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What is API Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. API Technologies's interest expense for the three months ended in Feb. 2016 was $ -5.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2016 was $-18.0 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. API Technologies's Operating Income for the three months ended in Feb. 2016 was $ 0.4 Mil. API Technologies's Interest Expense for the three months ended in Feb. 2016 was $ -5.3 Mil. API Technologies's Interest Coverage for the quarter that ended in Feb. 2016 was 0.07. 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.

API Technologies Interest Expense Historical Data

The historical data trend for API 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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API Technologies Interest Expense Chart

API Technologies Annual Data

Trend

Jan06

May07

May08

May09

May10

May11

Nov12

Nov13

Nov14

Nov15

Interest Expense

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-3.28

-16.21

-14.21

-11.77

-15.78

API Technologies Quarterly Data
	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16
Interest Expense	Get a 7-Day Free Trial															-3.13	-3.09	-4.88	-4.68	-5.33

API 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 Feb. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-18.0 Mil.

API Technologies (NAS:ATNY) 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.

API Technologies's Interest Expense for the three months ended in Feb. 2016 was $-5.3 Mil. Its Operating Income for the three months ended in Feb. 2016 was $0.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2016 was $170.6 Mil.

API Technologies's Interest Coverage for the quarter that ended in Feb. 2016 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2016 )	/	Interest Expense (Q: Feb. 2016 )
	=	-1	*	0.388	/	-5.326
	=	0.07

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

API Technologies (API Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » API Technologies Corp (NAS:ATNY) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Website

http://www.apitech.com

API Technologies Corp was incorporated on February 2, 1999 under the laws of the State of Delaware under the name Rubicon Ventures Inc. On November 6, 2006, API changed its name to "API Nanotronics Corp," and subsequently changed its name to API Technologies Corp. on October 22, 2009. The Company through its three business segments-Systems, Subsystems & Components, Electronic Manufacturing Services and Secure Systems & Information Assurance. It designs, develops and manufactures systems, subsystems, RF and secure solutions, as well as provides electronics manufacturing and high-quality engineering services for technically demanding, high-reliability applications. Solutions areas include systems, subsystems and components which includes RF/microwave and microelectronics products, electromagnetics, power and systems solutions products, and sensors, Secure Systems and Information Assurance includes TEMPEST and emanation security, rugged communications products, encryption, and secure networking products and Electronics Manufacturing Services, which involves the production of circuit card assemblies, electromechanical assemblies, and box builds used in defense, industrial and commercial applications. The Company also operates several manufacturing facilities throughout North America, the United Kingdom, Mexico and China. Its customer base spans defense, aerospace, industrial, communications, medical, and government agencies, including the governments of the United States, Canada, the United Kingdom, & other countries. The Company is subject to federal contracting laws and regulations, including the U.S. Federal Acquisition Regulation (FAR) and the False Claims Act.

Executives

Robert Tavares	director, officer: President and CEO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Eric F. Seeton	officer: Chief Financial Officer	103 HILL STREET, SHREWSBURY MA 01545
Melvin L Keating	director	18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039
Steel Excel Inc.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings L.p.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Holdings Llc	10 percent owner	C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Llc	10 percent owner	C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings Gp Inc.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Kenneth J Krieg	director	7111 XAVIER COURT, MCLEAN VA 22101
Matthew E Avril	director	C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 1111 WESTCHESTER AVE, WHITE PLAINS NY 10604
Claudio A Mannarino	officer: Sr VP & CFO	229 COLONNADE ROAD, NEPEAN A6 K2E 7K3
Senator Investment Group Lp	10 percent owner	510 MADISON AVENUE, 28TH FLOOR, NEW YORK NY 10022
Douglas Silverman	10 percent owner	C/O SENATOR INVESTMENT GROUP LP 510 MADISON AVENUE, 28TH FLOOR NEW YORK NY 10022
Bel Lazar	officer: President & CEO	4705 S. APOPKA VINELAND ROAD, SUITE 201, ORLANDO FL 32819
Jason Dezwirek	other: Former Dir, Sec & 10% owner	2300 YONGE STREET, SUITE 1710, TORONTO A6 M4P 1E4

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