Optex Systems Holdings (Optex Systems Holdings) Interest Expense : $-0.06 Mil (TTM As of Mar. 2024)

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What is Optex Systems Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Optex Systems Holdings's interest expense for the three months ended in Mar. 2024 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.06 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. Optex Systems Holdings's Operating Income for the three months ended in Mar. 2024 was $ 1.36 Mil. Optex Systems Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -0.01 Mil. Optex Systems Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 150.67. 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.

Optex Systems Holdings Interest Expense Historical Data

The historical data trend for Optex Systems Holdings'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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Optex Systems Holdings Interest Expense Chart

Optex Systems Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.02

-0.01

-0.06

Optex Systems Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.02	-0.02	-	-0.01

Optex Systems Holdings 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.06 Mil.

Optex Systems Holdings (OTCPK:OPXXW) 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.

Optex Systems Holdings's Interest Expense for the three months ended in Mar. 2024 was $-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1.36 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2.53 Mil.

Optex Systems Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1.356	/	-0.009
	=	150.67

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

Optex Systems Holdings (Optex Systems Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Optex Systems Holdings Inc (OTCPK:OPXXW) » Definitions » Interest Expense

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OPXS:USA

Address

1420 Presidential Drive, Richardson, TX, USA, 75081-2439

Website

https://www.optexsys.com/optex-homepage

Optex Systems Holdings Inc manufactures optical sighting systems and assemblies for the U.S. Department of Defense, foreign military applications, and commercial markets. Its products are installed on a variety of United States military land vehicles, such as the Abrams and Bradley fighting vehicles, and light armored and security vehicles, and have been selected for installation on the Stryker family of vehicles. The company's operating segment includes Optex Richardson and Applied Optics Center Dallas. It generates maximum revenue from the Applied Optics Center Dallas segment. Some of its products include M17 Day/Thermal Periscope; DDAN / M36 Sights; Laser Protected Periscopes; Muzzle Reference Sensor and others.