Vicinity Motor (TSXV:VMC) Interest Expense : C$-8.19 Mil (TTM As of Mar. 2024)

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What is Vicinity Motor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vicinity Motor's interest expense for the three months ended in Mar. 2024 was C$ -2.34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-8.19 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. Vicinity Motor's Operating Income for the three months ended in Mar. 2024 was C$ -0.70 Mil. Vicinity Motor's Interest Expense for the three months ended in Mar. 2024 was C$ -2.34 Mil. Vicinity Motor 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.

Vicinity Motor Interest Expense Historical Data

The historical data trend for Vicinity Motor'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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Vicinity Motor Interest Expense Chart

Vicinity Motor Annual Data

Trend

Aug14

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Dec23

Interest Expense

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-0.71

-0.70

-0.92

-3.07

-6.76

Vicinity Motor Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.94	-1.27	-2.06	-2.52	-2.34

Vicinity Motor 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-8.19 Mil.

Vicinity Motor (TSXV:VMC) 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.

Vicinity Motor's Interest Expense for the three months ended in Mar. 2024 was C$-2.34 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.70 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

Vicinity Motor's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Vicinity Motor did not have earnings to cover the interest expense.

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

Vicinity Motor Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vicinity Motor Corp (TSXV:VMC) » Definitions » Interest Expense

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VEVMQ:USA 6LGA:Germany

Address

3168 262nd Street, Aldergrove, BC, CAN, V4W 2Z6

Website

https://www.vicinitymotorcorp.com

Vicinity Motor Corp is a bus manufacturer. The company is engaged in designing, engineering, and manufacturing mid-size buses for transit authorities and commercial enterprises. Geographically, it derives a majority of its revenue from Canada and also has a presence in the United States.

Executives