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Workhorse Group Interest Expense

: $-12.53 Mil (TTM As of Dec. 2020)
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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Workhorse Group's interest expense for the three months ended in Dec. 2020 was $ -8.27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was $-12.53 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. Workhorse Group's Operating Income for the three months ended in Dec. 2020 was $ 307.20 Mil. Workhorse Group's Interest Expense for the three months ended in Dec. 2020 was $ -8.27 Mil. Workhorse Group's Interest Coverage for the quarter that ended in Dec. 2020 was 37.15. 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.

Workhorse Group Interest Expense Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Workhorse Group Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.04 -0.18 -2.44 -6.60 -12.53

Workhorse Group Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.86 -1.30 -1.42 -1.54 -8.27

Workhorse 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 Dec. 2020 was -1.3 (Mar. 2020 ) + -1.417 (Jun. 2020 ) + -1.542 (Sep. 2020 ) + -8.27 (Dec. 2020 ) = $-12.53 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

Workhorse Group  (NAS:WKHS) 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.

Workhorse Group's Interest Expense for the three months ended in Dec. 2020 was $-8.27 Mil. Its Operating Income for the three months ended in Dec. 2020 was $307.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2020 was $197.70 Mil.

Workhorse Group'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*307.198/-8.27
=37.15

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

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

Workhorse Group Interest Expense Headlines

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