What is The Shyft Group Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Shyft Group's interest expense for the
three
months ended in Mar. 2024 was $ -2.1 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-6.9 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. The Shyft Group's Operating Income for the
three
months ended in Mar. 2024 was $ -1.9 Mil. The Shyft Group's Interest Expense for the
three
months ended in Mar. 2024 was $ -2.1 Mil.
The Shyft Group 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.
The Shyft Group 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.9 Mil.
* 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.
The Shyft Group (NAS:SHYF) Interest Expense 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.
The Shyft Group's Interest Expense for the
three
months ended in Mar. 2024 was $-2.1 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $-1.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $101.9 Mil.
The Shyft Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
| The Shyft Group did not have earnings to cover the interest expense. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
The Shyft Group (The Shyft Group) Business Description
Traded in Other Exchanges
Address
41280 Bridge Street, Novi, MI, USA, 48375
The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle (including last-mile delivery, specialty service and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, and cargo van and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supply replacement parts and offer repair, maintenance, field service and refurbishment services for the vehicles that company manufacture.
Executives
| Joshua A Sherbin |
officer: Chief Legal Officer |
38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304 |
| Jonathan C Douyard |
officer: Chief Financial Officer |
C/O SPARTAN MOTORS, INC., 41280 BRIDGE STREET, NOVI MI 48375 |
| Michael Dinkins |
director |
6166 NW 85TH WAY, PARKLAND FL 33067 |
| Terri Pizzuto |
director |
3050 HIGHLAND PARKWAY, STE 100, DOWNERS GROVA IL 60515 |
| Pamela L Kermisch |
director |
C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375 |
| Mark B. Rourke |
director |
3101 PACKERLAND DRIVE, GREEN BAY WI 54313 |
| James A. Sharman |
director |
C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813 |
| Jacob Owen Farmer |
officer: President, Specialty Vehicles |
C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375 |
| Stephen K Guillaume |
officer: President, Specialty Chassis |
C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813 |
| John Albert Dunn |
officer: President Fleet Vehicles & Svc |
C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375 |
| Hindman Colin E |
officer: Chief Human Resources Officer |
3130 STONEY CREEK ROAD, OAKLAND MI 48363 |
| Scott Matthew Ocholik |
officer: Chief Accounting Officer |
C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375 |
| Carl A. Esposito |
director |
21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033 |
| Thomas R Clevinger |
director |
C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813 |
| Daryl M Adams |
officer: Chief Operating Officer |
C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813 |
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