ROIUF (Route1) Interest Expense : $-0.33 Mil (TTM As of Sep. 2024)

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What is Route1 Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Route1's interest expense for the three months ended in Sep. 2024 was $ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.33 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. Route1's Operating Income for the three months ended in Sep. 2024 was $ -0.07 Mil. Route1's Interest Expense for the three months ended in Sep. 2024 was $ -0.09 Mil. Route1 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.

Route1 Interest Expense Historical Data

The historical data trend for Route1'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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Route1 Interest Expense Chart

Route1 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.07

-0.13

-0.22

-0.20

-0.38

Route1 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															-0.10	-0.09	-0.08	-0.07	-0.09

Route1 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 $-0.33 Mil.

Route1 (OTCPK:ROIUF) 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.

Route1's Interest Expense for the three months ended in Sep. 2024 was $-0.09 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 $0.40 Mil.

Route1's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Route1 did not have earnings to cover the interest expense.

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

Route1 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Route1 Inc (OTCPK:ROIUF) » Definitions » Interest Expense

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ROI:Canada

Address

8 King Street East, Suite 1801, Toronto, ON, CAN, M5C 1B5

Website

https://www.route1.com

Route1 Inc is a North American engineering and professional services company using data capture technologies. It brings security and operations together with real-time actionable intelligence to enhance safety and security, drive greater profitability, and improve operational efficiencies. It has one segment that comprises the sale and distribution of rugged devices, license plate recognition equipment, and secure data access. It has a geographic presence in the USA, Canada, and Others. It generates the majority of its revenue from the USA.