Aryt Industries (XTAE:ARYT) Interest Expense : ₪-0.45 Mil (TTM As of Jun. 2024)

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What is Aryt Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aryt Industries's interest expense for the six months ended in Jun. 2024 was ₪ -0.44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₪-0.45 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. Aryt Industries's Operating Income for the six months ended in Jun. 2024 was ₪ 5.83 Mil. Aryt Industries's Interest Expense for the six months ended in Jun. 2024 was ₪ -0.44 Mil. Aryt Industries's Interest Coverage for the quarter that ended in Jun. 2024 was 13.22. 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.

Aryt Industries Interest Expense Historical Data

The historical data trend for Aryt Industries'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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Aryt Industries Interest Expense Chart

Aryt Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.36

-0.87

-0.33

-0.39

-0.48

Aryt Industries Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.23	-0.16	-0.47	-0.01	-0.44

Aryt Industries 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₪-0.45 Mil.

Aryt Industries (XTAE:ARYT) 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.

Aryt Industries's Interest Expense for the six months ended in Jun. 2024 was ₪-0.44 Mil. Its Operating Income for the six months ended in Jun. 2024 was ₪5.83 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was ₪3.80 Mil.

Aryt Industries's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	5.83	/	-0.441
	=	13.22

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Aryt Industries Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Aryt Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Aryt Industries Ltd (XTAE:ARYT) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

7 HaPlada Street, P.O. Box 696, Or Yehuda, ISR, 60256

Website

http://www.arytltd.com

Aryt Industries Ltd, through its subsidiaries, provides electronic weaponry arms for the military. It primarily engages in the production of electronic detonators as well as development of specific electronic detonators as per clients order.

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