Twin Vee PowerCats Co (Twin Vee PowerCats Co) Interest Expense : $-0.23 Mil (TTM As of Dec. 2023)

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What is Twin Vee PowerCats Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Twin Vee PowerCats Co's interest expense for the three months ended in Dec. 2023 was $ -0.11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.23 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. Twin Vee PowerCats Co's Operating Income for the three months ended in Dec. 2023 was $ -2.53 Mil. Twin Vee PowerCats Co's Interest Expense for the three months ended in Dec. 2023 was $ -0.11 Mil. Twin Vee PowerCats Co 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.

Twin Vee PowerCats Co Interest Expense Historical Data

The historical data trend for Twin Vee PowerCats Co'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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Twin Vee PowerCats Co Interest Expense Chart

Twin Vee PowerCats Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.17

-0.18

-0.14

-0.16

-0.22

Twin Vee PowerCats Co Quarterly Data
	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												-0.03	-0.05	-0.07	-	-0.11

Twin Vee PowerCats Co 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 $-0.23 Mil.

Twin Vee PowerCats Co (NAS:VEEE) 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.

Twin Vee PowerCats Co's Interest Expense for the three months ended in Dec. 2023 was $-0.11 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-2.53 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3.58 Mil.

Twin Vee PowerCats Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Twin Vee PowerCats Co did not have earnings to cover the interest expense.

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

Twin Vee PowerCats Co (Twin Vee PowerCats Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Twin Vee PowerCats Co (NAS:VEEE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 South US-1, Fort Pierce, Florida, FL, USA, 34982

Website

https://www.twinvee.com

Twin Vee PowerCats Co is a designer, manufacturer, and marketer of recreational and commercial power catamaran boats to use for fishing, diving and water skiing and commercial activities including transportation, eco-tours, fishing, and diving expeditions. Its revenue is derived from the sale of boats, motors, and trailers to its independent dealers.

Executives

Kevin Schuyler	director	1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Bard D. Rockenbach	director	3101 S. US-1, FT. PIERCE FL 34982
Carrie L. Gunnerson	officer: Chief Financial Officer	5556 HIGHWAY 9, ARMSTRONG IA 50514
Steven A Shallcross	director	C/O ELYS GAME TECHNOLOGY CORP., 130 ADELAIDE STREET WEST, SUITE 701, TORONTO A6 M5H2K4
Joseph C Visconti	director, 10 percent owner, officer: CEO and President	525 SOUTH FLAGLER DRIVE #400, WEST PALM BEACH FL 33401
Twin Vee Powercats, Inc.	10 percent owner	3101 SOUTH US HIGHWAY 1, FT PIERCE FL 34982
Neil Ross	director	3101 S. US-1, FT. PIERCE FL 34982
Donna Barnett	officer: Chief Financial Officer	3101 S. US-1, FT. PIERCE FL 34982
Preston Yarborough	director, officer: Vice President	3101 S. US-1, FT. PIERCE FL 34981
James Henry Melvin	director	3101 S. US-1, FT. PIERCE FL 34982
Daniel Norton	officer: Chief Engineer	3101 S. US-1, FT. PIERCE FL 34982