SOTK (Sono-Tek) Interest Expense : $0.00 Mil (TTM As of Nov. 2024)

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What is Sono-Tek Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sono-Tek's interest expense for the three months ended in Nov. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2024 was $0.00 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. Sono-Tek's Operating Income for the three months ended in Nov. 2024 was $ 0.20 Mil. Sono-Tek's Interest Expense for the three months ended in Nov. 2024 was $ 0.00 Mil. Sono-Tek has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Sono-Tek Interest Expense Historical Data

The historical data trend for Sono-Tek'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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Sono-Tek Interest Expense Chart

Sono-Tek Annual Data

Trend

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Interest Expense

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-0.03

-0.04

Sono-Tek Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Sono-Tek 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 Nov. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Sono-Tek (NAS:SOTK) 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.

Sono-Tek's Interest Expense for the three months ended in Nov. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Nov. 2024 was $0.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2024 was $0.00 Mil.

Sono-Tek's Interest Coverage for the quarter that ended in Nov. 2024 is calculated as

Sono-Tek had no long-term debt ⁽¹⁾.

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

Good Sign:

Sono-Tek Corp has no debt.

Sono-Tek Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sono-Tek Corp (NAS:SOTK) » Definitions » Interest Expense

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Address

2012 Route 9W, Milton, NY, USA, 12547

Website

https://www.sono-tek.com

Sono-Tek Corp designs and manufactures ultrasonic coating systems that apply precise, thin film coatings to a multitude of products for the microelectronics/electronics, alternative energy, medical, and industrial markets, including specialized glass applications in construction and automotive. It sells products to emerging research and development and other markets. Its ultrasonic nozzle systems use high-frequency, ultrasonic vibrations that atomize liquids into minute drops that can be applied to surfaces at low velocity providing thin layers of protective materials over a surface such as glass or metals.

Executives

Stephen James Bagley	officer: Chief Financial Officer	SONO-TEK CORPORATION, 2012 ROUTE 9W, MILTON NY 12547
Christopher L Coccio	director, officer: CEO & President	SONO-TEK CORP, 2012 RT 9W, MILTON NY 12547
Joseph Riemer	officer: Vice President of Engineering	SONO-TEK CORP, 2012 RT 9W, MILTON NY 12547
Robb William Engle	officer: VP	164 LUCAS AVENUE, KINGSTON NY 12401
Philip A Strasburg	director, officer: Treasurer	19380 CEDAR GLEN DR., BOCA RATON FL 33434
Christopher Cichetti	officer: Vice President	SONO-TEK CORP., 2012 RT 9W, MILTON NY 12547
Maria T Kuha	officer: VP	9 SUNRISE DRIVE, MILTON NY 12547
Carol A O'donnell	director	540 JOAN DRIVE, FAIRFILED CT 06824-2207
Eric Haskell	director	518 CANDACE LANE, VILLANOVA PA 19085
Samuel Schwartz	director, 10 percent owner, other: Chairman	877 ROUTE 9W, UPPER GRANDVIEW NY 10960
Bennett Bruntil	officer: Vice President	351 DUBOIS ROAD, NEW PALTZ NY 12561
Handler Edward J Iii	director	31 HANCOCK LANE, DARIEN CT 06820-2511
R Stephen Harshbarger	officer: Vice President of Sales	ROUTE 22, PAWLING NY 12564
Donald F Mowbray	director	103 JENKINS ROAD, BURNT HILLS NY 12027
Norwood Venture Corp	other: Former 10% Owner	174 DEZENZO LANE, WEST ORANGE NJ 07052