Vecima Networks (TSX:VCM) Interest Expense : C$-4.0 Mil (TTM As of Dec. 2023)

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What is Vecima Networks Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vecima Networks's interest expense for the three months ended in Dec. 2023 was C$ -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-4.0 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. Vecima Networks's Operating Income for the three months ended in Dec. 2023 was C$ 4.8 Mil. Vecima Networks's Interest Expense for the three months ended in Dec. 2023 was C$ -1.7 Mil. Vecima Networks's Interest Coverage for the quarter that ended in Dec. 2023 was 2.87. 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.

Vecima Networks Interest Expense Historical Data

The historical data trend for Vecima Networks'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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Vecima Networks Interest Expense Chart

Vecima Networks Annual Data

Trend

Jun14

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Jun23

Interest Expense

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-0.10

-0.29

-0.22

-0.30

-2.39

Vecima Networks Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.55	-0.74	-0.90	-0.70	-1.66

Vecima Networks 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-4.0 Mil.

Vecima Networks (TSX:VCM) 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.

Vecima Networks's Interest Expense for the three months ended in Dec. 2023 was C$-1.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$4.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$13.2 Mil.

Vecima Networks's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	4.756	/	-1.66
	=	2.87

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

Vecima Networks (TSX:VCM) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vecima Networks Inc (TSX:VCM) » Definitions » Interest Expense

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VNWTF:USA

Address

771 Vanalman Avenue, Victoria, BC, CAN, V8Z 3B8

Website

https://www.vecima.com

Vecima Networks Inc focuses on developing integrated hardware and scalable software solutions for broadband access, content delivery, and telematics. The company enables innovators to advance, connect, entertain, and analyze. It operates in three segments namely Video and Broadband Solutions, Content Delivery & Storage, and Telematics. The Video and Broadband Solutions segment design, develop, and distributes electronic communications products to cable and telecommunications markets. The Content Delivery and Storage segment develop advanced applications focused on storing, protecting, and transforming and delivering visual media. Its geographical segment includes the United States, Canada, Europe, Japan, and others, of which the majority of the revenue comes from the United States.

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