Schmitt Industries (STU:SI1A) Interest Expense : €-0.04 Mil (TTM As of May. 2022)

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What is Schmitt Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Schmitt Industries's interest expense for the three months ended in May. 2022 was € -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2022 was €-0.04 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. Schmitt Industries's Operating Income for the three months ended in May. 2022 was € -3.24 Mil. Schmitt Industries's Interest Expense for the three months ended in May. 2022 was € -0.01 Mil. Schmitt Industries did not have earnings to cover the interest expense. 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.

Schmitt Industries Interest Expense Historical Data

The historical data trend for Schmitt Industries'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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Schmitt Industries Interest Expense Chart

Schmitt Industries Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Interest Expense

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-0.01

-0.06

-0.02

-0.04

Schmitt Industries Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-0.02	-0.01	-0.01

Schmitt Industries 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 May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.04 Mil.

Schmitt Industries (STU:SI1A) 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.

Schmitt Industries's Interest Expense for the three months ended in May. 2022 was €-0.01 Mil. Its Operating Income for the three months ended in May. 2022 was €-3.24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2022 was €15.52 Mil.

Schmitt Industries's Interest Coverage for the quarter that ended in May. 2022 is calculated as

Schmitt Industries did not have earnings to cover the interest expense.

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

Schmitt Industries (STU:SI1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Schmitt Industries Inc (STU:SI1A) » Definitions » Interest Expense

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Address

2765 North West Nicolai Street, Portland, OR, USA, 97210

Website

https://www.schmittindustries.com

Schmitt Industries Inc is engaged in propane tank monitoring solutions, precision measurement solutions, and ice cream production and distribution. The Company operates as two reportable segments: the Measurement Segment and the Ice Cream Segment. Xact product line includes satellite-focused remote tank monitoring products and related monitoring services for markets in the IoT environment. The Company also manufactures, wholesales, and retails ice cream and related products.

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