AIRO Group (AIRO Group) Interest Expense : $-2.49 Mil (TTM As of Jun. 2023)

View and export this data going back to 2050. Start your Free Trial

What is AIRO Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AIRO Group's interest expense for the three months ended in Jun. 2023 was $ -0.39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-2.49 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. AIRO Group's Operating Income for the three months ended in Jun. 2023 was $ -1.38 Mil. AIRO Group's Interest Expense for the three months ended in Jun. 2023 was $ -0.39 Mil. AIRO 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.

AIRO Group Interest Expense Historical Data

The historical data trend for AIRO Group'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.

* Premium members only.

AIRO Group Interest Expense Chart

AIRO Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-3.39

-3.62

-2.14

AIRO Group Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial					-0.98	-0.75	-0.37	-0.39	-

AIRO 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.49 Mil.

AIRO Group (NAS:AIRO) 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.

AIRO Group's Interest Expense for the three months ended in Jun. 2023 was $-0.39 Mil. Its Operating Income for the three months ended in Jun. 2023 was $-1.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was $0.80 Mil.

AIRO Group's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

AIRO Group did not have earnings to cover the interest expense.

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

AIRO Group (AIRO Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AIRO Group Inc (NAS:AIRO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

5001 Indian School Road NE, Suite 100, Albuquerque, NM, USA, 87110

Website

https://www.theairogroup.com

AIRO Group Holdings Inc is a multi-faceted air mobility, autonomy & aerospace platform with differentiated technologies and capabilities dynamically addressing high-growth market trends across the entire Drone Ecosystem with a compelling range of drone technologies & services, avionics and defense training. AIRO provides a diversified product portfolio, ranging from established and mature product offerings to innovative drone and eVTOL solutions, with a balanced customer mix, both military and civil. Its wholly-owned subsidiaries are organized across four complimentary strategic divisions, each with a diverse set of partners and customers and each representing a large and fast-growing market segment: Advanced Avionics; Training; Uncrewed Air Systems; and Electric Air Mobility.

AIRO Group (AIRO Group) Headlines

From GuruFocus

Airspan Networks Moves to Swiftly Slash Debt Post-SPAC Setback

By GuruFocus Research • 04-02-2024