Rapala VMC (Rapala VMC) Interest Expense : $-10.8 Mil (TTM As of Dec. 2023)

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What is Rapala VMC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rapala VMC's interest expense for the six months ended in Dec. 2023 was $ -5.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-10.8 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. Rapala VMC's Operating Income for the six months ended in Dec. 2023 was $ -1.4 Mil. Rapala VMC's Interest Expense for the six months ended in Dec. 2023 was $ -5.5 Mil. Rapala VMC 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.

Rapala VMC Interest Expense Historical Data

The historical data trend for Rapala VMC'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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Rapala VMC Interest Expense Chart

Rapala VMC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.78

-3.16

-2.49

-4.34

-10.58

Rapala VMC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.13	-1.16	-2.54	-5.31	-5.45

Rapala VMC 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 semi-annually data reported by the company within the most recent 12 months, which was $-10.8 Mil.

Rapala VMC (OTCPK:RPNMF) 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.

Rapala VMC's Interest Expense for the six months ended in Dec. 2023 was $-5.5 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-1.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $82.4 Mil.

Rapala VMC's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Rapala VMC did not have earnings to cover the interest expense.

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

Rapala VMC (Rapala VMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rapala VMC Corp (OTCPK:RPNMF) » Definitions » Interest Expense

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Traded in Other Exchanges

RAP1V:Finland RAP:Germany

Address

Makelankatu 87, Helsinki, FIN, 00610

Website

https://www.rapalavmc.com

Rapala VMC Corp is a fishing tackle company. It is engaged in the business of manufacturing, sourcing and distributing mainly fishing tackle equipment as well as hunting, outdoor and winter sports equipment. The company's products include fishing lures, treble hooks, fishing related knives and hooks etc. The firm markets and sells its products under Sufix, Mora Ice, Peltonen, Williamson, VMC, Storm, Blue fox and Rapala brand names. The company has Group products and Third-party products operating segments. It derives the majority of its revenues from the Group products operating segment.

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