SPEC (Spectaire Holdings) Interest Expense: $-9.96 Mil (TTM As of Jun. 2024)


What is Spectaire Holdings Interest Expense?

Spectaire Holdings SPEC Interest Expense is $-9.96 Mil as of Jun. 2024.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spectaire Holdings's interest expense for the three months ended in Jun. 2024 was $ -0.96 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-9.96 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. Spectaire Holdings's Operating Income for the three months ended in Jun. 2024 was $ -2.10 Mil. Spectaire Holdings's Interest Expense for the three months ended in Jun. 2024 was $ -0.96 Mil. Spectaire Holdings 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.

Spectaire Holdings  (OTCPK:SPEC) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Spectaire Holdings's Interest Expense for the three months ended in Jun. 2024 was $-0.96 Mil. Its Operating Income for the three months ended in Jun. 2024 was $-2.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $0.10 Mil.

Spectaire Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Spectaire Holdings did not have earnings to cover the interest expense.

* 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.

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

Spectaire Holdings Interest Expense Historical Data

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The historical data trend for Spectaire Holdings'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.

Spectaire Holdings Interest Expense Chart

Spectaire Holdings Annual Data
Trend Dec21 Dec22 Dec23
Interest Expense
0.00 0.00 -6.32

Spectaire Holdings Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only -1.98 0.00 -6.62 -2.38 -0.96

Spectaire Holdings 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.96 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-9.96 Mil mean?
Spectaire Holdings (SPEC) has a Interest Expense of $-9.96 Mil as of Jun. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Spectaire Holdings and its competitors.
Is Spectaire Holdings' Interest Expense too high?
Spectaire Holdings' current Interest Expense is $-9.96 Mil.
How does Spectaire Holdings' Interest Expense compare to VLTO and FSS?
Spectaire Holdings' Interest Expense of $-9.96 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for an Industrial Products company?
A good Interest Expense depends on the Industrial Products industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Spectaire Holdings and its competitors. Spectaire Holdings's current Interest Expense is $-9.96 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spectaire Holdings stock overvalued right now?
Spectaire Holdings (SPEC) has a current Interest Expense of $-9.96 Mil. The current Interest Expense is $-9.96 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Spectaire Holdings (SPEC), the current Interest Expense is $-9.96 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Spectaire Holdings Business Description

Address 19 Coolidge Hill Road, Watertown, MA, USA, 02472
Spectaire Holdings Inc is an industrial technology company that allows its customers to measure, manage, and reduce carbon dioxide equivalent and other greenhouse gas emissions. Spectaire's core product offering, AireCore is a fully integrated hardware, software, and data platform.