Evertz Technologies (TSX:ET) Interest Expense : C$-0.7 Mil (TTM As of Oct. 2024)

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What is Evertz Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Evertz Technologies's interest expense for the three months ended in Oct. 2024 was C$ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2024 was C$-0.7 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. Evertz Technologies's Operating Income for the three months ended in Oct. 2024 was C$ 20.6 Mil. Evertz Technologies's Interest Expense for the three months ended in Oct. 2024 was C$ -0.4 Mil. Evertz Technologies's Interest Coverage for the quarter that ended in Oct. 2024 was 55.16. 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.

Evertz Technologies Interest Expense Historical Data

The historical data trend for Evertz Technologies'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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Evertz Technologies Interest Expense Chart

Evertz Technologies Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Interest Expense

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-1.85

-1.71

-2.45

-3.72

-1.35

Evertz Technologies 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															-0.34	-	-	-0.31	-0.37

Evertz Technologies 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 C$-0.7 Mil.

Evertz Technologies (TSX:ET) 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.

Evertz Technologies's Interest Expense for the three months ended in Oct. 2024 was C$-0.4 Mil. Its Operating Income for the three months ended in Oct. 2024 was C$20.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2024 was C$16.4 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Oct. 2024 )	/	Interest Expense (Q: Oct. 2024 )
	=	-1	*	20.63	/	-0.374
	=	55.16

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Evertz Technologies Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Evertz Technologies Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Evertz Technologies Ltd (TSX:ET) » Definitions » Interest Expense

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EVTZF:USA 74E:Germany

Address

5292 John Lucas Drive, Burlington, ON, CAN, L7L 5Z9

Website

https://www.evertz.com

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production, broadcast, and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments. More than half of the firm's revenue is generated in the United States.

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