AgEagle Aerial Systems (STU:29Z) Interest Expense : €-4.08 Mil (TTM As of Mar. 2024)

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What is AgEagle Aerial Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AgEagle Aerial Systems's interest expense for the three months ended in Mar. 2024 was € -3.48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-4.08 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. AgEagle Aerial Systems's Operating Income for the three months ended in Mar. 2024 was € -2.20 Mil. AgEagle Aerial Systems's Interest Expense for the three months ended in Mar. 2024 was € -3.48 Mil. AgEagle Aerial Systems 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.

AgEagle Aerial Systems Interest Expense Historical Data

The historical data trend for AgEagle Aerial Systems'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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AgEagle Aerial Systems Interest Expense Chart

AgEagle Aerial Systems Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-0.01

-0.06

-0.87

AgEagle Aerial Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.29	-0.27	-0.38	0.04	-3.48

AgEagle Aerial Systems 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-4.08 Mil.

AgEagle Aerial Systems (STU:29Z) 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.

AgEagle Aerial Systems's Interest Expense for the three months ended in Mar. 2024 was €-3.48 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-2.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €2.48 Mil.

AgEagle Aerial Systems's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

AgEagle Aerial Systems did not have earnings to cover the interest expense.

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

AgEagle Aerial Systems (STU:29Z) Business Description

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UAVS:USA

Address

8863 East. 34th Street North, Wichita, KS, USA, 67226

Website

https://www.ageagle.com

AgEagle Aerial Systems Inc is a provider of drone imagery data analytics for the precision and sustainable agriculture markets. It designs, produces, distributes, and supports technologically- advanced small unmanned aerial systems (UAVs) that it offers for sale commercially to the precision agriculture industry. Its segments include Drones, Sensors and Software-as-a-Service (SaaS). The company's majority revenue is derived primarily through the sales of drones and drone-related products.

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