ELMSQ (Electric Last Mile Solutions) Interest Expense: $ Mil (TTM As of Sep. 2021)


What is Electric Last Mile Solutions Interest Expense?

Electric Last Mile Solutions ELMSQ Interest Expense is $ Mil as of Sep. 2021.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Electric Last Mile Solutions's interest expense for the three months ended in Sep. 2021 was $ -0.66 Mil. Electric Last Mile Solutions does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Sep. 2021.

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. Electric Last Mile Solutions's Operating Income for the three months ended in Sep. 2021 was $ -22.34 Mil. Electric Last Mile Solutions's Interest Expense for the three months ended in Sep. 2021 was $ -0.66 Mil. Electric Last Mile Solutions 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.

Electric Last Mile Solutions  (OTCPK:ELMSQ) 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.

Electric Last Mile Solutions's Interest Expense for the three months ended in Sep. 2021 was $-0.66 Mil. Its Operating Income for the three months ended in Sep. 2021 was $-22.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was $29.80 Mil.

Electric Last Mile Solutions's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Electric Last Mile Solutions 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.

Electric Last Mile Solutions Interest Expense Historical Data

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The historical data trend for Electric Last Mile Solutions'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.

Electric Last Mile Solutions Interest Expense Chart

Electric Last Mile Solutions Annual Data
Trend
Interest Expense

Electric Last Mile Solutions Quarterly Data
Jun21 Sep21
Interest Expense -2.06 -0.66

Electric Last Mile Solutions Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $ Mil mean?
Electric Last Mile Solutions (ELMSQ) has a Interest Expense of $ Mil as of Sep. 2021. Interest Expense is the amount a company pays on its long-term debt. View historical data on Electric Last Mile Solutions and its competitors.
Is Electric Last Mile Solutions' Interest Expense too high?
Electric Last Mile Solutions' current Interest Expense is $ Mil.
How does Electric Last Mile Solutions' Interest Expense compare to EVTV and AYRO?
Electric Last Mile Solutions' Interest Expense of $ Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Interest Expense depends on the Vehicles & Parts 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 Electric Last Mile Solutions and its competitors. Electric Last Mile Solutions's current Interest Expense is $ Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electric Last Mile Solutions stock overvalued right now?
Electric Last Mile Solutions (ELMSQ) has a current Interest Expense of $ Mil. The current Interest Expense is $ Mil. 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 Electric Last Mile Solutions (ELMSQ), the current Interest Expense is $ Mil as of Sep. 2021. 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.

Electric Last Mile Solutions Business Description

Address 1055 West Square Lake Road, Troy, MI, USA, 48098
Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.