MMATQ (Meta Materials) Interest Expense: $-0.42 Mil (TTM As of Mar. 2024)


MMATQ Meta Materials Inc MMATQ
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What is Meta Materials Interest Expense?

Meta Materials MMATQ -99.00% 12 Interest Expense is $-0.42 Mil as of Mar. 2024. GuruFocus rates MMATQ with a GF Score™ of 12/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meta Materials's interest expense for the three months ended in Mar. 2024 was $ -0.11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.42 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. Meta Materials's Operating Income for the three months ended in Mar. 2024 was $ -5.68 Mil. Meta Materials's Interest Expense for the three months ended in Mar. 2024 was $ -0.11 Mil. Meta Materials 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.

Meta Materials  (OTCPK:MMATQ) 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.

Meta Materials's Interest Expense for the three months ended in Mar. 2024 was $-0.11 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-5.68 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $8.63 Mil.

Meta Materials's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Meta Materials 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.

Meta Materials Interest Expense Historical Data

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The historical data trend for Meta Materials'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.

Meta Materials Interest Expense Chart

Meta Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
-1.14 -1.45 -1.13 -0.40 -0.43

Meta Materials Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.11 -0.01 -0.13 -0.19 -0.11
MMATQ
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Meta Materials Inc MMATQ
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Meta Materials 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.42 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 $-0.42 Mil mean?
Meta Materials (MMATQ) has a Interest Expense of $-0.42 Mil as of Mar. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Meta Materials and its competitors.
Is Meta Materials' Interest Expense too high?
Meta Materials' current Interest Expense is $-0.42 Mil. Overall, Meta Materials has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Meta Materials' Interest Expense compare to APH and TEL?
Meta Materials' Interest Expense of $-0.42 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 Meta Materials and its competitors. Meta Materials's current Interest Expense is $-0.42 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meta Materials stock overvalued right now?
Meta Materials (MMATQ) has a current Interest Expense of $-0.42 Mil. The current Interest Expense is $-0.42 Mil. Meta Materials' overall GF Score™ is 12/100. 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 Meta Materials (MMATQ), the current Interest Expense is $-0.42 Mil as of Mar. 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.

Meta Materials Business Description

Address 60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9
Meta Materials Inc delivers previously unachievable performance across a range of applications by inventing, designing, developing, and manufacturing sustainable, functional materials. Its extensive technology platform enables brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.
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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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