LMSBF (The Limestone Boat Co) Interest Expense: $-2.08 Mil (TTM As of Dec. 2023)


What is The Limestone Boat Co Interest Expense?

The Limestone Boat Co LMSBF Interest Expense is $-2.08 Mil as of Dec. 2023.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Limestone Boat Co's interest expense for the three months ended in Dec. 2023 was $ -0.74 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.08 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. The Limestone Boat Co's Operating Income for the three months ended in Dec. 2023 was $ -0.47 Mil. The Limestone Boat Co's Interest Expense for the three months ended in Dec. 2023 was $ -0.74 Mil. The Limestone Boat Co 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.

The Limestone Boat Co  (OTCPK:LMSBF) 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.

The Limestone Boat Co's Interest Expense for the three months ended in Dec. 2023 was $-0.74 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-0.47 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.42 Mil.

The Limestone Boat Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

The Limestone Boat Co 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.

The Limestone Boat Co Interest Expense Historical Data

* Premium members only.

The historical data trend for The Limestone Boat Co'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.

The Limestone Boat Co Interest Expense Chart

The Limestone Boat Co Annual Data
Trend Dec20
Interest Expense
-0.01

The Limestone Boat Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23 Dec23
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 -0.61 -0.60 -0.66 -0.68 -0.74

The Limestone Boat Co 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.08 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 $-2.08 Mil mean?
The Limestone Boat Co (LMSBF) has a Interest Expense of $-2.08 Mil as of Dec. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on The Limestone Boat Co and its competitors.
Is The Limestone Boat Co's Interest Expense too high?
The Limestone Boat Co's current Interest Expense is $-2.08 Mil.
How does The Limestone Boat Co's Interest Expense compare to USLG and MCOM?
The Limestone Boat Co's Interest Expense of $-2.08 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 The Limestone Boat Co and its competitors. The Limestone Boat Co's current Interest Expense is $-2.08 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Limestone Boat Co stock overvalued right now?
The Limestone Boat Co (LMSBF) has a current Interest Expense of $-2.08 Mil. The current Interest Expense is $-2.08 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 The Limestone Boat Co (LMSBF), the current Interest Expense is $-2.08 Mil as of Dec. 2023. 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.

The Limestone Boat Co Business Description

Address 64 Hurontario Street, Collingwood, ON, CAN, L9Y 2L6
The Limestone Boat Co Ltd is an owner and builder of Aquasport Boat, Limestone Boat, and Boca Bay boat brands. The company is backed by a large, skilled labor force and dealer partners throughout the United States and the Canadian Great Lakes Region.