FSI (Flexible Solutions International) Interest Expense : $-0.59 Mil (TTM As of Sep. 2024)

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What is Flexible Solutions International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Flexible Solutions International's interest expense for the three months ended in Sep. 2024 was $ -0.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.59 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. Flexible Solutions International's Operating Income for the three months ended in Sep. 2024 was $ 1.95 Mil. Flexible Solutions International's Interest Expense for the three months ended in Sep. 2024 was $ -0.13 Mil. Flexible Solutions International's Interest Coverage for the quarter that ended in Sep. 2024 was 14.64. 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.

Flexible Solutions International Interest Expense Historical Data

The historical data trend for Flexible Solutions International'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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Flexible Solutions International Interest Expense Chart

Flexible Solutions International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.43

-0.26

-0.20

-0.29

-0.50

Flexible Solutions International 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															-0.12	-0.13	-0.18	-0.16	-0.13

Flexible Solutions International 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 $-0.59 Mil.

Flexible Solutions International (AMEX:FSI) 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.

Flexible Solutions International's Interest Expense for the three months ended in Sep. 2024 was $-0.13 Mil. Its Operating Income for the three months ended in Sep. 2024 was $1.95 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $7.05 Mil.

Flexible Solutions International's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	1.947	/	-0.133
	=	14.64

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

Flexible Solutions International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Flexible Solutions International Inc (AMEX:FSI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6001 54 Avenue, Taber, AB, CAN, T1G 1X4

Website

https://www.flexiblesolutions.com

Flexible Solutions International Inc develops, manufactures, and markets specialty chemicals that slow the evaporation of water. Its business is organized into two segments Energy and Water Conservation Products, and Biodegradable Polymers. It offers a liquid swimming pool blanket under the WATERSAVR brand, which saves energy and water by inhibiting evaporation from the pool surface, a chemical product called HEATSAVR, for use in swimming pools and spas to slow the water evaporation. The firm also manufactures and markets water-soluble chemicals utilizing thermal polyaspartate biopolymers. It generates most of its revenues from the export of its products to international markets.

Executives

O Brien Daniel B	director, 10 percent owner, officer: President/CEO	2614 QUEENSWOOD DR, VICTORIA B C, V8N 1X6 A1 V6C 3L6
Thomas Murray Fyles	director	3478 CARDIFF PLACE, VICTORIA A1 V8P 4Z1
Robert T Helina	director	P.O. BOX 670, (345) 323-7888, GEORGETOWN E9 KY1-1107
John H Bientjes	director	1-230 W 13TH ST, N VANCOUVER B C, V8N 1X5
Eric Glen Hodges	director	204 GOVERNMENT STREET, VICTORIA A1 V8V 2K9
Fred J Kupel	officer: Chief Financial Officer	3735 SE OGDEN STREET, PORTLAND OR 97202
O Brien Dr Robert N	director, 10 percent owner	2614 QUEENSWOOD DR, VICTORIA B C, V8N 1X6
Dale Friend	director