OLNCF (Omni-Lite Industries Canada) Interest Expense : $-0.55 Mil (TTM As of Sep. 2024)

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What is Omni-Lite Industries Canada Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Omni-Lite Industries Canada's interest expense for the three months ended in Sep. 2024 was $ -0.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.55 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. Omni-Lite Industries Canada's Operating Income for the three months ended in Sep. 2024 was $ 0.07 Mil. Omni-Lite Industries Canada's Interest Expense for the three months ended in Sep. 2024 was $ -0.14 Mil. Omni-Lite Industries Canada's Interest Coverage for the quarter that ended in Sep. 2024 was 0.48. 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.

Omni-Lite Industries Canada Interest Expense Historical Data

The historical data trend for Omni-Lite Industries Canada'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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Omni-Lite Industries Canada Interest Expense Chart

Omni-Lite Industries Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.05

-0.07

-0.12

-0.58

-0.56

Omni-Lite Industries Canada 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															-0.14	-0.14	-0.14	-0.14	-0.14

Omni-Lite Industries Canada 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 $-0.55 Mil.

Omni-Lite Industries Canada (OTCPK:OLNCF) 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.

Omni-Lite Industries Canada's Interest Expense for the three months ended in Sep. 2024 was $-0.14 Mil. Its Operating Income for the three months ended in Sep. 2024 was $0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $5.10 Mil.

Omni-Lite Industries Canada'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	*	0.066	/	-0.137
	=	0.48

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

Omni-Lite Industries Canada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omni-Lite Industries Canada Inc (OTCPK:OLNCF) » Definitions » Interest Expense

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OML:Canada

Address

17210 Edwards Road, Cerritos, CA, USA, 90703

Website

https://www.omni-lite.com

Omni-Lite Industries Canada Inc is a developer and manufacturer of precision components, with the use of advanced composite materials and cold forging techniques, for mission-critical applications. The company's products have applications in various sectors including aerospace, military, specialty automotive, and sports and recreational industries. Its geographical areas of operations are in the United States and Canada of which key revenue is generated from the United States.