AKTSQ (Akoustis Technologies) Interest Expense: $-2.89 Mil (TTM As of Sep. 2024)

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AKTSQ Akoustis Technologies Inc AKTSQ
12 GF Score
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What is Akoustis Technologies Interest Expense?

Akoustis Technologies AKTSQ -99.89% 12 Interest Expense is $-2.89 Mil as of Sep. 2024. GuruFocus rates AKTSQ with a GF Score™ of 12/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Akoustis Technologies's interest expense for the three months ended in Sep. 2024 was $ -0.71 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-2.89 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. Akoustis Technologies's Operating Income for the three months ended in Sep. 2024 was $ -5.34 Mil. Akoustis Technologies's Interest Expense for the three months ended in Sep. 2024 was $ -0.71 Mil. Akoustis Technologies 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.

Akoustis Technologies  (OTCPK:AKTSQ) 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.

Akoustis Technologies's Interest Expense for the three months ended in Sep. 2024 was $-0.71 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-5.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $42.38 Mil.

Akoustis Technologies's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Akoustis Technologies 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.

Akoustis Technologies Interest Expense Historical Data

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The historical data trend for Akoustis Technologies'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.

Akoustis Technologies Interest Expense Chart

Akoustis Technologies Annual Data
Trend Jun15 Mar16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.57 -5.13 -0.08 -2.32 -2.66

Akoustis Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial 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 -0.49 -0.68 -0.75 -0.75 -0.71
AKTSQ
12GF Score
Akoustis Technologies Inc AKTSQ
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Akoustis Technologies 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.89 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-2.89 Mil mean?
Akoustis Technologies (AKTSQ) has a Interest Expense of $-2.89 Mil as of Sep. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Akoustis Technologies and its competitors.
Is Akoustis Technologies' Interest Expense too high?
Akoustis Technologies' current Interest Expense is $-2.89 Mil. Overall, Akoustis Technologies has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Akoustis Technologies' Interest Expense compare to ELST and MLRT?
Akoustis Technologies' Interest Expense of $-2.89 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Hardware company?
A good Interest Expense depends on the Hardware industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Akoustis Technologies and its competitors. Akoustis Technologies's current Interest Expense is $-2.89 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akoustis Technologies stock overvalued right now?
Akoustis Technologies (AKTSQ) has a current Interest Expense of $-2.89 Mil. The current Interest Expense is $-2.89 Mil. Akoustis Technologies' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Akoustis Technologies (AKTSQ), the current Interest Expense is $-2.89 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Akoustis Technologies Business Description

Address 9805 Northcross Center Court, Suite A, Huntersville, NC, USA, 28078
Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.
12GF Score

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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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