FLYLF (FLYHT Aerospace Solutions) Interest Expense : $-0.50 Mil (TTM As of Jun. 2024)

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What is FLYHT Aerospace Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. FLYHT Aerospace Solutions's interest expense for the three months ended in Jun. 2024 was $ -0.18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-0.50 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. FLYHT Aerospace Solutions's Operating Income for the three months ended in Jun. 2024 was $ -1.13 Mil. FLYHT Aerospace Solutions's Interest Expense for the three months ended in Jun. 2024 was $ -0.18 Mil. FLYHT Aerospace 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.

FLYHT Aerospace Solutions Interest Expense Historical Data

The historical data trend for FLYHT Aerospace 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.

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FLYHT Aerospace Solutions Interest Expense Chart

FLYHT Aerospace Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.57

-0.63

-0.55

-0.43

FLYHT Aerospace Solutions 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															-0.12	-0.13	-0.06	-0.13	-0.18

FLYHT Aerospace Solutions 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 $-0.50 Mil.

FLYHT Aerospace Solutions (OTCPK:FLYLF) 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.

FLYHT Aerospace Solutions's Interest Expense for the three months ended in Jun. 2024 was $-0.18 Mil. Its Operating Income for the three months ended in Jun. 2024 was $-1.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $6.89 Mil.

FLYHT Aerospace Solutions's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

FLYHT Aerospace Solutions did not have earnings to cover the interest expense.

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

FLYHT Aerospace Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » FLYHT Aerospace Solutions Ltd (OTCPK:FLYLF) » Definitions » Interest Expense

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FLY:Canada

Address

1212 – 31 Avenue Northeast, Suite 500, Calgary, AB, CAN, T2E 7S8

Website

https://www.flyht.com

FLYHT Aerospace Solutions Ltd provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft-certified hardware products, including AFIRS, the AFIRS Edge, TAMDAR and FLYHT-WVSS-II. The company's product and services include SaaS, Hardware, Licensing and Technical Services. Geographically, the company operates in United States & Mexico, Asia, China, Middle East, Canada, Australia, Africa, Europe and South/Central America.