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ORBCOMM (ORBCOMM) Interest Expense : $-13.7 Mil (TTM As of Jun. 2021)


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What is ORBCOMM Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ORBCOMM's interest expense for the three months ended in Jun. 2021 was $ -2.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2021 was $-13.7 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. ORBCOMM's Operating Income for the three months ended in Jun. 2021 was $ -2.0 Mil. ORBCOMM's Interest Expense for the three months ended in Jun. 2021 was $ -2.2 Mil. ORBCOMM 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.


ORBCOMM Interest Expense Historical Data

The historical data trend for ORBCOMM'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.

ORBCOMM Interest Expense Chart

ORBCOMM Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.09 -17.65 -21.06 -21.15 -19.96

ORBCOMM Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.41 -5.23 -4.08 -2.23 -2.19

ORBCOMM 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-13.7 Mil.

* 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.


ORBCOMM  (NAS:ORBC) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ORBCOMM's Interest Expense for the three months ended in Jun. 2021 was $-2.2 Mil. Its Operating Income for the three months ended in Jun. 2021 was $-2.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2021 was $191.1 Mil.

ORBCOMM's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

ORBCOMM did not have earnings to cover the interest expense.

* 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.

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


ORBCOMM (ORBCOMM) Business Description

Traded in Other Exchanges
N/A
Address
395 W. Passaic Street, Suite 325, Rochelle Park, NJ, USA, 07662
ORBCOMM Inc is a satellite communications company that primarily provides machine-to-machine communication, which is designed to track, monitor, and control fixed and mobile assets. The company operates in such markets as transportation and distribution, heavy equipment, industrial fixed assets, oil and gas, maritime, mining, and government. The company earns revenue across the United States, South America, Japan, and Europe, with the majority from the U.S. The company owns telecommunications infrastructure, specifically low Earth orbit satellites and accompanying ground infrastructure.
Executives
Karen O. Gould director C/O ORBCOMM INC. 395 W. PASSAIC STREET ROCHELLE PARK NJ 07662
Denise W. Gibson director 140 SCHOOL STREET, LIBERTYVILLE IL 60048
Milcos Constantine officer: EVP and CFO C/O ORBCOMM, INC., 395 W. PASSAIC STREET SUITE 325 ROCHELLE PARK NJ 07662
Craig Malone officer: EVP of Product Development C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Marc Eisenberg officer: Chief Marketing Officer C/O ORBCOMM INC., 395 W PASSAIC STREET, SUITE 325, ROCHELLE PARK NJ 07662
Brun Christian Le officer: EVP, General Counsel & Sec. C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Stolte John J Jr officer: EVP-Technology & Operations C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Jerome B Eisenberg director, officer: Chairman, CEO and President C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Adage Capital Partners Gp, L.l.c. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
John E Major director C/O LENNOX INTERNATIONAL INC., 2140 LAKE PARK BOULEVARD, RICHARDSON TX 75080-2254
Timothy Kelleher director C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Phillip Gross 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Robert Atchinson 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Advisors, L.l.c. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Partners, L.p. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116