HMDPF (Hammond Power Solutions) Interest Expense : $-0.9 Mil (TTM As of Sep. 2024)

View and export this data going back to . Start your Free Trial

What is Hammond Power Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hammond Power Solutions's interest expense for the three months ended in Sep. 2024 was $ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.9 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. Hammond Power Solutions's Operating Income for the three months ended in Sep. 2024 was $ 17.5 Mil. Hammond Power Solutions's Interest Expense for the three months ended in Sep. 2024 was $ -0.3 Mil. Hammond Power Solutions's Interest Coverage for the quarter that ended in Sep. 2024 was 59.22. 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.

Hammond Power Solutions Interest Expense Historical Data

The historical data trend for Hammond Power 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.

* Premium members only.

Hammond Power Solutions Interest Expense Chart

Hammond Power Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-1.32

-0.97

-1.02

-1.18

-0.98

Hammond Power Solutions 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															-0.20	-0.27	-0.16	-0.14	-0.30

Hammond Power 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.9 Mil.

Hammond Power Solutions (OTCPK:HMDPF) 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.

Hammond Power Solutions's Interest Expense for the three months ended in Sep. 2024 was $-0.3 Mil. Its Operating Income for the three months ended in Sep. 2024 was $17.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $10.7 Mil.

Hammond Power Solutions'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	*	17.47	/	-0.295
	=	59.22

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

Hammond Power Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hammond Power Solutions Inc (OTCPK:HMDPF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

T11:Germany HPS.A:Canada

Address

595 Southgate Drive, Guelph, ON, CAN, N1G 3W6

Website

https://www.hammondpowersolutions.com

Hammond Power Solutions Inc is engaged in designing and manufacturing custom electrical magnetics, cast resin, custom liquid-filled distribution and power transformers, and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India. The company operates in various geographical markets including Canada, the United States, Mexico, and India from which it derives majority revenue in the United States and Mexico.