TAKOF (Volatus Aerospace) Interest Expense : $-1.77 Mil (TTM As of Sep. 2024)

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What is Volatus Aerospace Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Volatus Aerospace's interest expense for the three months ended in Sep. 2024 was $ -0.73 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.77 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. Volatus Aerospace's Operating Income for the three months ended in Sep. 2024 was $ -3.10 Mil. Volatus Aerospace's Interest Expense for the three months ended in Sep. 2024 was $ -0.73 Mil. Volatus Aerospace 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.

Volatus Aerospace Interest Expense Historical Data

The historical data trend for Volatus Aerospace'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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Volatus Aerospace Interest Expense Chart

Volatus Aerospace Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.32

-0.35

-1.24

Volatus Aerospace Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial														-0.32	-0.42	-0.27	-0.36	-0.73

Volatus Aerospace 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.77 Mil.

Volatus Aerospace (OTCPK:TAKOF) 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.

Volatus Aerospace's Interest Expense for the three months ended in Sep. 2024 was $-0.73 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-3.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $6.36 Mil.

Volatus Aerospace's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Volatus Aerospace did not have earnings to cover the interest expense.

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

Volatus Aerospace Business Description

Industry

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ABB:Germany FLT:Canada

Address

60 Airport Road, Lake Simcoe Regional Airport, Oro-Medonte, ON, CAN, L0L 2E0

Website

https://www.volatusaerospace.com

Volatus Aerospace Inc is a leader in innovative global aerial solutions for intelligence and cargo. With deep technological and subject matter expertise and over 100 years of combined institutional knowledge in aviation, Volatus provides meaningful aerial solutions for end users across various industries using piloted and remotely piloted aircraft systems (RPAS or drones). It is committed to enhancing operational efficiency, safety, and sustainability through innovative, real-world aerial solutions.