TGHLF (Tornado Infrastructure Equipment) Interest Expense : $-0.28 Mil (TTM As of Sep. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Tornado Infrastructure Equipment Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tornado Infrastructure Equipment's interest expense for the three months ended in Sep. 2024 was $ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.28 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. Tornado Infrastructure Equipment's Operating Income for the three months ended in Sep. 2024 was $ 1.90 Mil. Tornado Infrastructure Equipment's Interest Expense for the three months ended in Sep. 2024 was $ -0.05 Mil. Tornado Infrastructure Equipment's Interest Coverage for the quarter that ended in Sep. 2024 was 40.51. 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.

Tornado Infrastructure Equipment Interest Expense Historical Data

The historical data trend for Tornado Infrastructure Equipment'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.

Tornado Infrastructure Equipment Interest Expense Chart

Tornado Infrastructure Equipment Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-0.11

-0.24

-0.28

-0.34

-0.49

Tornado Infrastructure Equipment Quarterly Data
	Dec19	Mar20	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															-0.13	-0.12	-0.06	-0.05	-0.05

Tornado Infrastructure Equipment 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 $-0.28 Mil.

Tornado Infrastructure Equipment (OTCPK:TGHLF) 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.

Tornado Infrastructure Equipment's Interest Expense for the three months ended in Sep. 2024 was $-0.05 Mil. Its Operating Income for the three months ended in Sep. 2024 was $1.90 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $3.74 Mil.

Tornado Infrastructure Equipment's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	1.904	/	-0.047
	=	40.51

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

Tornado Infrastructure Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tornado Infrastructure Equipment Ltd (OTCPK:TGHLF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TGH:Canada

Address

300 – 5th Avenue South West, Suite 1800, Calgary, AB, CAN, T2P 3C4

Website

https://www.tornadotrucks.com

Tornado Infrastructure Equipment Ltd is a truck manufacturer. It designs and manufactures hydrovac trucks as well as provides heavy-duty truck maintenance operations in central Alberta. The group sells hydrovac trucks to excavation service providers in the infrastructure and industrial construction and oil and gas markets. Its brands for parts include CatPumps, Ripsaw, Kenworth, and others.