Avid Bioservices (STU:TEHN) Interest Expense : €-2.6 Mil (TTM As of Jan. 2024)

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What is Avid Bioservices Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avid Bioservices's interest expense for the three months ended in Jan. 2024 was € -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was €-2.6 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. Avid Bioservices's Operating Income for the three months ended in Jan. 2024 was € -3.7 Mil. Avid Bioservices's Interest Expense for the three months ended in Jan. 2024 was € -0.8 Mil. Avid Bioservices 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.

Avid Bioservices Interest Expense Historical Data

The historical data trend for Avid Bioservices'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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Avid Bioservices Interest Expense Chart

Avid Bioservices Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

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-0.01

-0.97

-2.48

-2.37

Avid Bioservices Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.59	-0.22	-0.75	-0.78	-0.80

Avid Bioservices 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2.6 Mil.

Avid Bioservices (STU:TEHN) 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.

Avid Bioservices's Interest Expense for the three months ended in Jan. 2024 was €-0.8 Mil. Its Operating Income for the three months ended in Jan. 2024 was €-3.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was €47.9 Mil.

Avid Bioservices's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Avid Bioservices did not have earnings to cover the interest expense.

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

Avid Bioservices (STU:TEHN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Avid Bioservices Inc (STU:TEHN) » Definitions » Interest Expense

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CDMO:USA

Address

14191 Myford Road, Tustin, CA, USA, 92780

Website

https://www.avidbio.com

Avid Bioservices Inc is a clinical-stage biopharmaceutical company focused on the development and Current Good Manufacturing Practices (CGMP) of biopharmaceutical products derived from mammalian cell culture. The company provides a comprehensive range of process development and high-quality CGMP clinical and commercial manufacturing services for the biotechnology and biopharmaceutical industries.

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