CRDE (Cardinal Ethanol LLC) Interest Expense : $-2.4 Mil (TTM As of Jun. 2024)

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What is Cardinal Ethanol LLC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cardinal Ethanol LLC's interest expense for the three months ended in Jun. 2024 was $ -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-2.4 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. Cardinal Ethanol LLC's Operating Income for the three months ended in Jun. 2024 was $ 6.3 Mil. Cardinal Ethanol LLC's Interest Expense for the three months ended in Jun. 2024 was $ -1.4 Mil. Cardinal Ethanol LLC's Interest Coverage for the quarter that ended in Jun. 2024 was 4.61. 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.

Cardinal Ethanol LLC Interest Expense Historical Data

The historical data trend for Cardinal Ethanol LLC'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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Cardinal Ethanol LLC Interest Expense Chart

Cardinal Ethanol LLC Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.36

-0.18

-0.13

-0.04

Cardinal Ethanol LLC Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-1.01	-1.36

Cardinal Ethanol LLC 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.4 Mil.

Cardinal Ethanol LLC (OTCPK:CRDE) 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.

Cardinal Ethanol LLC's Interest Expense for the three months ended in Jun. 2024 was $-1.4 Mil. Its Operating Income for the three months ended in Jun. 2024 was $6.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $59.7 Mil.

Cardinal Ethanol LLC's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	6.274	/	-1.36
	=	4.61

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

Cardinal Ethanol LLC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Cardinal Ethanol LLC (OTCPK:CRDE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

1554 North County Road 600 East, Union City, IN, USA, 47390

Website

https://www.cardinalethanol.com

Cardinal Ethanol LLC is a producer and seller of fuel-grade ethanol, distiller's grains, corn oil, and carbon dioxide throughout the continent of the United States. The company's prime selling products include ethanol, dried distillers grains, corn oil, and carbon dioxide. Its two operating segments are ethanol production through the Ethanol Division; and trading of agricultural grains through the Trading Division. The revenues from Ethanol Division come from primary sources: sales of fuel ethanol which is the key revenue driver. Revenues from the Trading Division are derived from procuring, transporting, and selling grain commodities. The majority of the revenue for the company is generated from its Ethanol Division.

Executives

Adam Kline	director	938 E 58TH STREET, INDIANAPOLIS IN 46220
Chad Smith	director	3665 GOULD DRIVE, CARMEL IN 46033
Gerald R Forsythe	director	600 N BUFFALO GROVE RD, BUFFALO GROVE IL 60089
Danny Ray Huston	director	616 W JACKSON STREET, PARKER CITY IN 47368
Casey Bruns	officer: Commodity Manager	10158 STATE ROUTE 49, ANSONIA OH 45303
Daniel J. Sailer	director	11320 ABBITT TRAIL, ZIONSVILLE IN 46077
Dersch David Matthew Jr	director	113 BENNINGTON ROAD, GREER SC 29650
Roch Lewis M Iii	director	21 GOSS ROAD, NORTH HAMPTON NH 03862
Robert Nathan Baker	director	8124 E. GREENBRIAR COURT, WICHITA KS 67226
Gregory August Roy	officer: Commodity Manager	23308 PAULDING ROAD, MONROEVILLE IN 46773
Jerry Phillip Zicht	director	5653 NORTH US HWY 27, WINCHESTER IN 47394
Adam Zeedyk	officer: Commodity Manager	9 PECK DRIVE, WINCHESTER IN 47394
William J Dartt	officer: Chief Financial Officer	1520 ROSEDALE AVENUE, BUCYRUS OH 44820
Roch Lewis Marshall Ii	director	2006 E. ROBINWOOD DRIVE, MUNCIE IN 47304
Barry J Hudson	director	200 EAST JACKSON STREET, MUNCIE IN 47305

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