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Avid Bioservices (STU:TEHN) Interest Expense : €-7.8 Mil (TTM As of Oct. 2024)


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What is Avid Bioservices Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avid Bioservices's interest expense for the three months ended in Oct. 2024 was € -3.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2024 was €-7.8 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. Avid Bioservices's Operating Income for the three months ended in Oct. 2024 was € -11.6 Mil. Avid Bioservices's Interest Expense for the three months ended in Oct. 2024 was € -3.0 Mil. Avid Bioservices 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.

Avid Bioservices Interest Expense Historical Data

The historical data trend for Avid Bioservices'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.

* Premium members only.

Avid Bioservices Interest Expense Chart

Avid Bioservices Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 -0.97 -2.48 -2.75 -4.04

Avid Bioservices Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.78 -0.80 -1.69 -2.26 -3.01

Avid Bioservices 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-7.8 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.

Avid Bioservices  (STU:TEHN) 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.

Avid Bioservices's Interest Expense for the three months ended in Oct. 2024 was €-3.0 Mil. Its Operating Income for the three months ended in Oct. 2024 was €-11.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2024 was €187.3 Mil.

Avid Bioservices's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

Avid Bioservices 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.

Avid Bioservices Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Avid Bioservices Inc (STU:TEHN) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
14191 Myford Road, Tustin, CA, USA, 92780
Website
https://www.avidbio.com
Avid Bioservices Inc is a clinical-stage biopharmaceutical company focused on the development and Current Good Manufacturing Practices (CGMP) of biopharmaceutical products derived from mammalian cell culture. Its business is organized into one reportable operating segment which is contract manufacturing and development services segment. Its services include clinical and commercial drug substance manufacturing, bulk packaging, release and stability testing and regulatory submissions support. The company also provides a variety of process development services including cell line development, upstream and downstream development and optimization, analytical method development, testing and characterization.

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