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Educational Development Corp  (NAS:EDUC) Interest Expense: $-1.1 Mil (TTM As of May. 2017)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Educational Development Corp's interest expense for the three months ended in May. 2017 was $ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2017 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. Educational Development Corp's Operating Income for the three months ended in May. 2017 was $ 1.9 Mil. Educational Development Corp's Interest Expense for the three months ended in May. 2017 was $ -0.3 Mil. Educational Development Corp's Interest Coverage for the quarter that ended in May. 2017 was 6.71. 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.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Educational Development Corp Annual Data

Feb08 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 -0.05 -0.25 -1.03

Educational Development Corp Quarterly Data

Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.22 -0.25 -0.27 -0.30 -0.28

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. 2017 was -0.249 (Aug. 2016 ) + -0.265 (Nov. 2016 ) + -0.299 (Feb. 2017 ) + -0.282 (May. 2017 ) = $-1.1 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Educational Development Corp's Interest Expense for the three months ended in May. 2017 was $-0.3 Mil. Its Operating Income for the three months ended in May. 2017 was $1.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2017 was $20.4 Mil.

Educational Development Corp's Interest Coverage for the quarter that ended in May. 2017 is calculated as

Interest Coverage=-1*Operating Income (Q: May. 2017 )/Interest Expense (Q: May. 2017 )
=-1*1.891/-0.282
=6.71

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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


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