FLXT (Flexpoint Sensor Systems) Interest Expense: $-0.16 Mil (TTM As of Sep. 2024)

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What is Flexpoint Sensor Systems Interest Expense?

Flexpoint Sensor Systems FLXT Interest Expense is $-0.16 Mil as of Sep. 2024.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Flexpoint Sensor Systems's interest expense for the three months ended in Sep. 2024 was $ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.16 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. Flexpoint Sensor Systems's Operating Income for the three months ended in Sep. 2024 was $ -0.08 Mil. Flexpoint Sensor Systems's Interest Expense for the three months ended in Sep. 2024 was $ -0.04 Mil. Flexpoint Sensor 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.

Flexpoint Sensor Systems  (OTCPK:FLXT) 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.

Flexpoint Sensor Systems's Interest Expense for the three months ended in Sep. 2024 was $-0.04 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.16 Mil.

Flexpoint Sensor Systems's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Flexpoint Sensor 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.

Flexpoint Sensor Systems Interest Expense Historical Data

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The historical data trend for Flexpoint Sensor 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.

Flexpoint Sensor Systems Interest Expense Chart

Flexpoint Sensor Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.28 -0.26 -0.10 -0.08 -0.12

Flexpoint Sensor Systems 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 -0.03 -0.04 -0.04 -0.04 -0.04

Flexpoint Sensor 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.16 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 $-0.16 Mil mean?
Flexpoint Sensor Systems (FLXT) has a Interest Expense of $-0.16 Mil as of Sep. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Flexpoint Sensor Systems and its competitors.
Is Flexpoint Sensor Systems' Interest Expense too high?
Flexpoint Sensor Systems' current Interest Expense is $-0.16 Mil.
How does Flexpoint Sensor Systems' Interest Expense compare to AKTSQ and ELST?
Flexpoint Sensor Systems' Interest Expense of $-0.16 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 Flexpoint Sensor Systems and its competitors. Flexpoint Sensor Systems's current Interest Expense is $-0.16 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flexpoint Sensor Systems stock overvalued right now?
Flexpoint Sensor Systems (FLXT) has a current Interest Expense of $-0.16 Mil. The current Interest Expense is $-0.16 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 Flexpoint Sensor Systems (FLXT), the current Interest Expense is $-0.16 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.

Flexpoint Sensor Systems Business Description

Address 5718 W Dannon Way, Suite B, West Jordan, UT, USA, 84081
Flexpoint Sensor Systems Inc designs, manufactures, and markets flexible Bend Sensor technology. The Bend Sensor is used for myriad applications, spanning multiple markets such as automotive and transportation, wearables, medical, industrial controls, consumer products, and toys/gaming. Its products include Bend Sensor and USB Bend Sensor Kit.