Arcimoto (Arcimoto) Interest Expense

: $-1.85 Mil (TTM As of Sep. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arcimoto's interest expense for the three months ended in Sep. 2023 was $ -0.72 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.85 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. Arcimoto's Operating Income for the three months ended in Sep. 2023 was $ -7.43 Mil. Arcimoto's Interest Expense for the three months ended in Sep. 2023 was $ -0.72 Mil. Arcimoto 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.

Arcimoto Interest Expense Historical Data

The historical data trend for Arcimoto'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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Arcimoto Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

-0.10

-0.89

-0.72

-0.22

-1.08

Arcimoto Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense																-0.09	-0.83	-0.10	-0.21	-0.72

Arcimoto 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.85 Mil.

Arcimoto (NAS:FUV) 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.

Arcimoto's Interest Expense for the three months ended in Sep. 2023 was $-0.72 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-7.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $6.55 Mil.

Arcimoto's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Arcimoto did not have earnings to cover the interest expense.

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

Arcimoto (Arcimoto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Arcimoto Inc (NAS:FUV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

53H0:Germany

Address

2034 West 2nd Avenue, Eugene, OR, USA, 97402

Website

https://www.arcimoto.com

Arcimoto Inc is an electric vehicle company that designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) that delivers a thrilling ride experience for two passengers with cargo, parking, and operation. The company's products also comprise Rapid Responder designed to perform emergency, security, and law enforcement services; Deliverator, an electric last-mile delivery solution; Cameo, an FUV equipped with a rear-facing rear seat and a modified roof built for on-road filming; and Arcimoto Roadster, an unparalleled pure-electric on-road thrill machine.

Executives

Dan M. Creed	director	2034 WEST 2ND AVENUE, EUGENE OR 97402
Christopher W. Dawson	director	2034 WEST 2ND AVENUE, EUGENE OR 97402
Galileo Russell	director	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Jesse Grant Eisler	director	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Jesse Fittipaldi	officer: Executive Vice President	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Dorbin John W. Jr.	officer: General Counsel & Corp. Sec.	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Terry L Becker	director	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Nancy E. Calderon	director	1285 WAKEFIELD TRAIL, RENO NV 89523
Mark Frohnmayer	director, 10 percent owner, officer: President & CEO	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Joshua S Scherer	director	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Douglas M Campoli	officer: Chief Financial Officer	C/O ENVIROTECH VEHICLES, INC., 1425 OHLENDORF ROAD, OSCEOLA AR 72370
Jeff Curl	director	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Thomas Thurston	director	909 MONTGOMERY STREET, 3RD FLOOR, SAN FRANCISCO CA 94133