Amiad Water Systems (XTAE:AMD) Interest Expense : ₪-4.7 Mil (TTM As of Sep. 2024)

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What is Amiad Water Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Amiad Water Systems's interest expense for the three months ended in Sep. 2024 was ₪ -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₪-4.7 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. Amiad Water Systems's Operating Income for the three months ended in Sep. 2024 was ₪ -5.5 Mil. Amiad Water Systems's Interest Expense for the three months ended in Sep. 2024 was ₪ -1.9 Mil. Amiad Water Systems 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.

Amiad Water Systems Interest Expense Historical Data

The historical data trend for Amiad Water Systems'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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Amiad Water Systems Interest Expense Chart

Amiad Water Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.31

-5.19

-3.95

-3.36

-9.35

Amiad Water Systems Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-3.84	3.25	-3.35	-2.67	-1.92

Amiad Water Systems 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪-4.7 Mil.

Amiad Water Systems (XTAE:AMD) 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.

Amiad Water Systems's Interest Expense for the three months ended in Sep. 2024 was ₪-1.9 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₪-5.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₪50.2 Mil.

Amiad Water Systems's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Amiad Water Systems did not have earnings to cover the interest expense.

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

Amiad Water Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Amiad Water Systems Ltd (XTAE:AMD) » Definitions » Interest Expense

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Address

D.N. Galil Elyon 1, Kibbutz Amiad, ISR, 1233500

Website

https://www.amiad.com

Amiad Water Systems Ltd is a producer and supplier of water filters and filtration systems. The company concentrates on automatic self-cleaning filters that require low maintenance and can be adapted to provide bespoke solutions to a wide range of applications in a number of industries, in addition to a variety of other applications in the irrigation market. Geographically, it has a presence in the Americas, Aisa-Pacific, and Europe, Middle East, and Africa.