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CYSNF (C-Comtellite Systems) Interest Expense : $-0.01 Mil (TTM As of Aug. 2024)


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What is C-Comtellite Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. C-Comtellite Systems's interest expense for the three months ended in Aug. 2024 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was $-0.01 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. C-Comtellite Systems's Operating Income for the three months ended in Aug. 2024 was $ -0.25 Mil. C-Comtellite Systems's Interest Expense for the three months ended in Aug. 2024 was $ -0.01 Mil. C-Comtellite Systems 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.

C-Comtellite Systems Interest Expense Historical Data

The historical data trend for C-Comtellite Systems'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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C-Comtellite Systems Interest Expense Chart

C-Comtellite Systems Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Interest Expense
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C-Comtellite Systems Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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C-Comtellite Systems 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.01 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.

C-Comtellite Systems  (OTCPK:CYSNF) 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.

C-Comtellite Systems's Interest Expense for the three months ended in Aug. 2024 was $-0.01 Mil. Its Operating Income for the three months ended in Aug. 2024 was $-0.25 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2024 was $0.90 Mil.

C-Comtellite Systems's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

C-Comtellite Systems 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. C-Com Satellite Systems Inc has enough cash to cover all of its debt. Its financial situation is stable.

C-Comtellite Systems Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » C-Com Satellite Systems Inc (OTCPK:CYSNF) » Definitions » Interest Expense
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CMI:Canada
Address
2574 Sheffield Road, Ottawa, ON, CAN, K1B 3V7
Website
https://www.c-comsat.com
C-Com Satellite Systems Inc. is a Canadian based company. It is engaged in the development of high quality, cost effective, satellite-based technology that allows the delivery of high-speed internet access for fixed, transportable and mobile end-users. The Company sells its satellite communications equipment to a world-wide network of authorized dealers who re-sell the systems to end-users. Geographically, the group has a business presence in Saudi Arabia, Kazakhstan, Canada, Singapore, Europe, Asia, the U.S. and other countries.