Otelco (Otelco) Interest Expense : $-4.02 Mil (TTM As of Dec. 2020)

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What is Otelco Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Otelco's interest expense for the three months ended in Dec. 2020 was $ -0.93 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was $-4.02 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. Otelco's Operating Income for the three months ended in Dec. 2020 was $ 2.80 Mil. Otelco's Interest Expense for the three months ended in Dec. 2020 was $ -0.93 Mil. Otelco's Interest Coverage for the quarter that ended in Dec. 2020 was 3.03. 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.

Otelco Interest Expense Historical Data

The historical data trend for Otelco'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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Otelco Interest Expense Chart

Otelco Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-10.63

-13.25

-5.84

-5.27

-4.03

Otelco Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Interest Expense	Get a 7-Day Free Trial															-1.23	-1.18	-0.99	-0.93	-0.93

Otelco 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 Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.02 Mil.

Otelco (NAS:OTEL) 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.

Otelco's Interest Expense for the three months ended in Dec. 2020 was $-0.93 Mil. Its Operating Income for the three months ended in Dec. 2020 was $2.80 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2020 was $62.23 Mil.

Otelco's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2020 )	/	Interest Expense (Q: Dec. 2020 )
	=	-1	*	2.802	/	-0.925
	=	3.03

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

Otelco (Otelco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Otelco Inc (NAS:OTEL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Third Avenue East, Oneonta, AL, USA, 35121

Website

https://www.otelco.com

Otelco Inc is a US-based company, which provides a broad range of telecommunication services on a retail and wholesale basis. It offers communication services related to telephone, long distance, Internet, broadband services and television. The principal markets for these services are business and residential customers residing in and adjacent to the exchanges the company serves in Alabama, Massachusetts, Maine, Missouri, Vermont, and West Virginia. In addition, it also offers cloud hosting and managed services for small and mid-sized companies who rely on mission-critical software applications. The company derives revenue through the source of local services, network access, internet, transport services, video and security and managed services.

Executives

Garner Curtis Lee Jr	director, officer: Chief Financial Officer	505 3RD AVENUE EAST ONEONTA AL 35121
Jerry C Boles	officer: SVP and Controller	91 HILLTOP ROAD ONEONTA AL 35121
Ira Sochet	10 percent owner	24 NORTH PINE CIRCLE, BELLEAIR FL 33756
Richard Allen Clark	director, officer: President & CEO	505 3RD AVE. EAST ONEONTA AL 35121
Norman C Frost	director	IOWA TELECOMMUNICATIONS SERVICES, INC. 115 S. SECOND AVE. W. NEWTON IA 50208
Howard James Haug	director	681 PENN PLACE WINTER PARK FL 32789-2408
Barbara Dondiego	director	1375 PEACHTREE STREET ATLANTA GA 30309
Judd Dayton	director	878 S. DENTON TAP RD., SUITE 220, COPPELL TX 75019
Gary L Sugarman	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Stephen Phillip Mccall	director	199 WATER STREET, 20TH FLOOR C/O SEAPORT CAPITAL NEW YORK NY 10038
Robert J. Souza	director, officer: President & CEO	12 COLONIAL DRIVE DURHAM ME 04222
Dennis Andrews	officer: SVP - Regulatory & HR	40 CHERT ROAD ONEONTA AL 35121
Brian A Ross	director	600 TELEPHONE AVE, MS#65, ANCHORAGE AK 99503
Ed Tisdale	officer: SVP - Operations	P.O. BOX 258 NEW GLOUCESTER ME 04260
E. Todd Wessing	officer: VP and GM - Missouri	13869 NORTH HIGHWAY PILOT GROVE MO 65276