Porvair (Porvair) Interest Expense : $-1.1 Mil (TTM As of Nov. 2023)

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What is Porvair Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Porvair's interest expense for the six months ended in Nov. 2023 was $ -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was $-1.1 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. Porvair's Operating Income for the six months ended in Nov. 2023 was $ 11.9 Mil. Porvair's Interest Expense for the six months ended in Nov. 2023 was $ -0.6 Mil. Porvair's Interest Coverage for the quarter that ended in Nov. 2023 was 20.21. 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.

Porvair Interest Expense Historical Data

The historical data trend for Porvair'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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Porvair Interest Expense Chart

Porvair Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Interest Expense

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-1.04

-1.32

-1.17

-1.05

-1.13

Porvair Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Interest Expense	Get a 7-Day Free Trial															-0.53	-0.70	-0.38	-0.55	-0.59

Porvair 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1.1 Mil.

Porvair (OTCPK:PVARF) 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.

Porvair's Interest Expense for the six months ended in Nov. 2023 was $-0.6 Mil. Its Operating Income for the six months ended in Nov. 2023 was $11.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Nov. 2023 was $14.1 Mil.

Porvair's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	11.924	/	-0.59
	=	20.21

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

Porvair (Porvair) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Porvair PLC (OTCPK:PVARF) » Definitions » Interest Expense

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PRVl:UK PRV:UK

Address

7 Regis Place, Bergen Way, King's Lynn, Norfolk, GBR, PE30 2JN

Website

https://www.porvair.com

Porvair PLC is an environmental treatment control company. It develops filtration solutions to be used by various types of industries. The company caters to its clients through three divisions, Aerospace and Industrial, Laboratory and Metal Melt Quality. Aerospace and Industrial Division is a key revenue generator, designs and manufactures specialist filtration equipment for application in aerospace, energy, bioscience, water and industrial applications. Laboratory Division designs and manufactures instruments and consumables for use in environmental and bioscience laboratories. Metal Melt Quality Division designs and manufactures porous ceramic filters for the filtration of molten metals. The company generates majority of its manufacturing revenue from sales in the United States.

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