US Lighting Group (US Lighting Group) Interest Expense : $-0.13 Mil (TTM As of Dec. 2023)

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What is US Lighting Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. US Lighting Group's interest expense for the three months ended in Dec. 2023 was $ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.13 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. US Lighting Group's Operating Income for the three months ended in Dec. 2023 was $ -0.33 Mil. US Lighting Group's Interest Expense for the three months ended in Dec. 2023 was $ -0.05 Mil. US Lighting Group 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.

US Lighting Group Interest Expense Historical Data

The historical data trend for US Lighting 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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US Lighting Group Interest Expense Chart

US Lighting Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.20

-0.15

-0.11

-0.16

-0.13

US Lighting Group Quarterly Data
	Mar17	Jun17	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.10	-0.01	-0.01	-0.06	-0.05

US Lighting 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.13 Mil.

US Lighting Group (OTCPK:USLG) 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.

US Lighting Group's Interest Expense for the three months ended in Dec. 2023 was $-0.05 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-0.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5.84 Mil.

US Lighting Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

US Lighting Group did not have earnings to cover the interest expense.

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

US Lighting Group (US Lighting Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » US Lighting Group Inc (OTCPK:USLG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

1148 East 222nd Street, Euclid, OH, USA, 44117

Website

https://www.uslightinggroup.com

US Lighting Group Inc is a manufacturer of recreational vehicles utilizing the highest quality marine materials to create lighter weight, stronger, and more durable RV travel trailers and campers. It consists of four subsidiaries: Cortes Campers, LLC, a brand of high end molded fiberglass campers, Futuro Houses, LLC, focused on design and sales of molded fiberglass homes, Fusion X Marine, LLC, a high performance boat designer, and MIGMarine Corporation, a composite manufacturing company that produces proprietary molded fiberglass products for other business lines. The company formed Cortes Campers to operate a new brand of inventive travel trailers.

Executives

Michael A Coates	officer: Corporate Controller	1148 EAST 222ND ST., EUCLID OH 44117
Retreage Donald O'connor Jr	officer: CFO	2603 CHALLENGER TECH CT., SUITE 100, ORLANDO FL 32826
Patricia Ann Salaciak	director, officer: Marketing Director	1148 EAST 222ND ST., EUCLID OH 44117
Olga Smirnova	director, officer: Corporate Secretary	1148 EAST 222ND ST., EUCLID OH 44117
Paul Spivak	director, 10 percent owner, officer: CEO	34099 MELINZ PKWY., UNIT E, EASTLAKE OH 44095