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

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What is Meta Materials Interest Expense?

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 Interest Expense Historical Data

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.

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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
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-0.11	-0.01	-0.13	-0.19	-0.11

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.

Meta Materials (OTCPK:MMATQ) 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.

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.

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

Meta Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Meta Materials Inc (OTCPK:MMATQ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9

Website

https://www.metamaterial.com

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.

Executives

Jennifer K. Cheraso	officer: Chief Human Resources Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
James Macmillan Fusaro	director, officer: Chief Executive Officer	1900 S. PRICE ROAD, CHANDLER AZ 85248
Philippe Morali	director	400 N. MCCARTHY BLVD., MILPITAS CA 94089
Georgios Palikaras	director, 10 percent owner, officer: See Remarks	C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 BY2 4M9
David Daniel Eaton	officer: Chief Legal Officer	1706 PASEO DE PERALTA, SANTA FE NM 87501
Uzi Sasson	officer: See Remarks	2041 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Vyomesh Joshi	director	17343 VIA DEL CAMPO, SAN DIEGO CA 92127
Eugenia Corrales	director	C/O SHORETEL, INC., 960 STEWART DRIVE, SUNNYVALE CA 94085
Jonathan Waldern	officer: Chief Technical Officer	C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9
Rice Kenneth L Jr	officer: See Remarks	C/O 85 MAIN STREET, HOPKINTON MA 01748
Thomas Gordon Welch	10 percent owner	47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0
John R Harding	director	C/O MARIMBA INC, 440 CLYDE AVENUE, MOUNTAINVIEW CA 94043
Steen Karsbo	director	C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9
Michael James Graves	director	5700 PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Anne Barber Lambert	10 percent owner	47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0