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TNTLF (Tantalus Systems Holding) Interest Expense : $-1.22 Mil (TTM As of Sep. 2024)


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What is Tantalus Systems Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tantalus Systems Holding's interest expense for the three months ended in Sep. 2024 was $ -0.40 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.22 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. Tantalus Systems Holding's Operating Income for the three months ended in Sep. 2024 was $ 0.07 Mil. Tantalus Systems Holding's Interest Expense for the three months ended in Sep. 2024 was $ -0.40 Mil. Tantalus Systems Holding's Interest Coverage for the quarter that ended in Sep. 2024 was 0.18. 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.

Tantalus Systems Holding Interest Expense Historical Data

The historical data trend for Tantalus Systems Holding'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.

Tantalus Systems Holding Interest Expense Chart

Tantalus Systems Holding Annual Data
Trend Dec21 Dec22 Dec23
Interest Expense
-0.53 -0.95 -1.36

Tantalus Systems Holding Quarterly Data
Mar20 Jun20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 -0.31 -0.35 -0.38 -0.44 -0.40

Tantalus Systems Holding 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 $-1.22 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.

Tantalus Systems Holding  (OTCPK:TNTLF) 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.

Tantalus Systems Holding's Interest Expense for the three months ended in Sep. 2024 was $-0.40 Mil. Its Operating Income for the three months ended in Sep. 2024 was $0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $4.09 Mil.

Tantalus Systems Holding'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*0.072/-0.401
=0.18

* 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.

Tantalus Systems Holding Business Description

Industry
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Traded in Other Exchanges
GRID:Canada
Address
3555 Gilmore Way, Suite 200, Burnaby, BC, CAN, V5G 0B3
Website
https://www.tantalus.com
Tantalus Systems Holding Inc Canada-based company engaged in developing and delivering purpose-built smart grid solutions for public power and electric cooperative utilities. Its segments include the Connected Devices and Infrastructure Segment and Utility Software Applications and Services, and the majority of the revenue comes from Utility Software Applications and Services. Geographic regions are the United States, Canada, and Others, and the majority of the revenue comes from the United States.