AmeraMex International (AmeraMex International) Interest Expense : $-0.63 Mil (TTM As of Mar. 2023)

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What is AmeraMex International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AmeraMex International's interest expense for the three months ended in Mar. 2023 was $ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-0.63 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. AmeraMex International's Operating Income for the three months ended in Mar. 2023 was $ 0.34 Mil. AmeraMex International's Interest Expense for the three months ended in Mar. 2023 was $ -0.12 Mil. AmeraMex International's Interest Coverage for the quarter that ended in Mar. 2023 was 2.77. 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.

AmeraMex International Interest Expense Historical Data

The historical data trend for AmeraMex International'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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AmeraMex International Interest Expense Chart

AmeraMex International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.83

-0.75

-1.05

-0.94

-0.68

AmeraMex International Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-0.18	-0.10	-0.28	-0.13	-0.12

AmeraMex International 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.63 Mil.

AmeraMex International (OTCPK:AMMX) 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.

AmeraMex International's Interest Expense for the three months ended in Mar. 2023 was $-0.12 Mil. Its Operating Income for the three months ended in Mar. 2023 was $0.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $3.78 Mil.

AmeraMex International's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	0.343	/	-0.124
	=	2.77

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

AmeraMex International (AmeraMex International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » AmeraMex International Inc (OTCPK:AMMX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3930 Esplanade, Chico, CA, USA, 95973

Website

https://www.ammx.net

AmeraMex International Inc is a dealer of new and refurbished heavy equipment. It sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. The company's key product line is specialized container handling equipment for loading and unloading of container ships and dry dock areas.

Executives

Hope Stone	officer: Chief Financial Officer	3930 ESPLANADE, CHICO CA 95973
Lee Hamre	director, 10 percent owner, officer: Chief Executive Officer,, other: Chairman	3930 ESPLANADE, CHICO CA 95973
Marty Tullio	director, officer: Secretary and Director	3930 ESPLANADE, CHICO CA 95973
Brian Hamre	director	3930 ESPLANADE, CHICO CA 95973
John Jeffery Morris	director	3930 ESPLANADE, CHICO CA 95973
Michael R. Maloney	director, officer: Chief Operations Officer,, other: Treasurer	3930 ESPLANADE, CHICO CA 95973