Vision Marine Technologies (Vision Marine Technologies) Interest Expense : $-0.12 Mil (TTM As of Feb. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Vision Marine Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vision Marine Technologies's interest expense for the three months ended in Feb. 2024 was $ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-0.12 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. Vision Marine Technologies's Operating Income for the three months ended in Feb. 2024 was $ -2.43 Mil. Vision Marine Technologies's Interest Expense for the three months ended in Feb. 2024 was $ -0.06 Mil. Vision Marine Technologies 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.

Vision Marine Technologies Interest Expense Historical Data

The historical data trend for Vision Marine 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.

* Premium members only.

Vision Marine Technologies Interest Expense Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

Get a 7-Day Free Trial

-0.03

-0.08

-0.10

-0.14

-0.11

Vision Marine Technologies Quarterly Data
	Aug18	Feb19	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-0.05	-0.06	0.04	-0.05	-0.06

Vision Marine 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.12 Mil.

Vision Marine Technologies (NAS:VMAR) 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.

Vision Marine Technologies's Interest Expense for the three months ended in Feb. 2024 was $-0.06 Mil. Its Operating Income for the three months ended in Feb. 2024 was $-2.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $1.42 Mil.

Vision Marine Technologies's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Vision Marine Technologies did not have earnings to cover the interest expense.

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

Vision Marine Technologies (Vision Marine Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.