Reko International Group (TSXV:REKO) Interest Expense : C$-0.47 Mil (TTM As of Jan. 2024)

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What is Reko International Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reko International Group's interest expense for the three months ended in Jan. 2024 was C$ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$-0.47 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. Reko International Group's Operating Income for the three months ended in Jan. 2024 was C$ 0.05 Mil. Reko International Group's Interest Expense for the three months ended in Jan. 2024 was C$ -0.12 Mil. Reko International Group's Interest Coverage for the quarter that ended in Jan. 2024 was 0.41. 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.

Reko International Group Interest Expense Historical Data

The historical data trend for Reko International Group'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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Reko International Group Interest Expense Chart

Reko International Group Annual Data

Trend

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Jul23

Interest Expense

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-0.47

-0.38

-0.35

-0.38

-0.46

Reko International Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.12	-0.11	-0.12	-0.13	-0.12

Reko International Group 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.47 Mil.

Reko International Group (TSXV:REKO) 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.

Reko International Group's Interest Expense for the three months ended in Jan. 2024 was C$-0.12 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$0.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$7.24 Mil.

Reko International Group's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	0.049	/	-0.12
	=	0.41

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

Reko International Group (TSXV:REKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Reko International Group Inc (TSXV:REKO) » Definitions » Interest Expense

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RKIGF:USA

Address

469 Silver Creek Industrial Drive, Lakeshore, ON, CAN, N8N 4W2

Website

https://www.rekointl.com

Reko International Group Inc is a Canada-based company engaged in the activities of robotic factory automation solutions, precision machining of large, critical parts, and plastic injection, and low compression acoustic tooling. The business divisions of the group are Automation, design and build, Tool and mold manufacturing, and Precision Machining. It supplies factory automation services in Canada. The company also provides machining, tooling, and engineering services. Precision machining relates to precision, custom machining of castings, and assemblies. Its geographical segments include Canada, which is the key revenue driver; and the United States.

Executives

Lauren Beaudoin

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Reko International Group (TSXV:REKO) Headlines

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