Tessco Technologies (Tessco Technologies) Interest Expense : $-2.2 Mil (TTM As of Mar. 2023)

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What is Tessco Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tessco Technologies's interest expense for the three months ended in Mar. 2023 was $ -1.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-2.2 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. Tessco Technologies's Operating Income for the three months ended in Mar. 2023 was $ -4.5 Mil. Tessco Technologies's Interest Expense for the three months ended in Mar. 2023 was $ -1.1 Mil. Tessco Technologies 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.

Tessco Technologies Interest Expense Historical Data

The historical data trend for Tessco 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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Tessco Technologies Interest Expense Chart

Tessco Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.85

-1.12

-0.43

-0.88

-2.23

Tessco Technologies Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-0.37	-0.26	-0.38	-0.52	-1.07

Tessco 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.2 Mil.

Tessco Technologies (NAS:TESS) 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.

Tessco Technologies's Interest Expense for the three months ended in Mar. 2023 was $-1.1 Mil. Its Operating Income for the three months ended in Mar. 2023 was $-4.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $75.5 Mil.

Tessco Technologies's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Tessco Technologies did not have earnings to cover the interest expense.

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

Tessco Technologies (Tessco Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tessco Technologies Inc (NAS:TESS) » Definitions » Interest Expense

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Address

11126 McCormick Road, Hunt Valley, MD, USA, 21031

Website

https://www.tessco.com

Tessco Technologies Inc is a United States-based value-added technology distributor, manufacturer, and solutions provider. The company supplies wireless communications products for network infrastructure, site support, and fixed and mobile broadband networks. It offers products related to power systems, Wi-Fi Networks, Broadband, DAS((Distributed Antenna Systems) for In-Building Cellular and Public Safety Coverage, IoT (Internet of Things), Mobile Devices and Accessories, and others. The operating segments of the company are Carrier and Commercial, of which the majority of the revenue is derived from the Commercial segment.

Executives

Barnhill Robert B Jr	10 percent owner	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Thad Lowe	officer: Senior Vice President	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Tammy Ridgley	officer: Senior Vice President	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Michael Brodsky	other: See Explanation of Responses	C/O NEW WORLD OPPORTUNITY PARTNERS I LLC, 1603 ORRINGTON AVE, STE 1600, EVANSTON IL 60201
Matthew W Brewer	other: See Explanation of Responses	C/O BARTLIT BECK LLP, 54 WEST HUBBARD #3B, CHICAGO IL 60654
Kenneth J Spangler	other: See Explanation of Responses	90 FEDEX PARKWAY, 2ND FLOOR VERTICAL, COLLIERVILLE TN 38017
Joseph H Quaglia	other: See Explanation of Responses	5350 TECH DATA DRIVE, CLEARWATER FL 33760
J Timothy Bryan	director	11700 PLAZA AMERICA DRIVE, SUITE 1010, RESTON VA 20190
Lakeview Investment Group & Trading Co Llc	10 percent owner	444 WEST LAKE STREET, SUITE 1900, CHICAGO IL 60606
Steven T Campbell	director	8410 W. BRYN MAWR, CHICAGO IL 60631
Vernon Irvin	director	C/O EVERBRIDGE, INC., 25 CORPORATE DRIVE, BURLINGTON MA 02108
Paul J Gaffney	director	N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051
Kathleen Mclean	director	C/O FAIRPOINT COMMUNICATIONS, INC., 521 E. MOREHEAD STREET, SUITE 500, CHARLOTTE NC 28202
Joseph Cawley	officer: Senior Vice President	11126 MCCORMICK ROAD, HUNT VALLEY MD 21031
Abl Manager Llc	10 percent owner	444 W. LAKE #1900, CHICAGO IL 60606