Janel (JANL) Interest Expense : $-2.1 Mil (TTM As of Mar. 2024)

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What is Janel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Janel's interest expense for the three months ended in Mar. 2024 was $ -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.1 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. Janel's Operating Income for the three months ended in Mar. 2024 was $ 0.6 Mil. Janel's Interest Expense for the three months ended in Mar. 2024 was $ -0.6 Mil. Janel's Interest Coverage for the quarter that ended in Mar. 2024 was 1.05. 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.

Janel Interest Expense Historical Data

The historical data trend for Janel'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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Janel Interest Expense Chart

Janel Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.69

-0.52

-0.59

-1.28

-2.00

Janel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.47	-0.53	-0.52	-0.52	-0.55

Janel 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.1 Mil.

Janel (OTCPK:JANL) 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.

Janel's Interest Expense for the three months ended in Mar. 2024 was $-0.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $15.3 Mil.

Janel's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	0.58	/	-0.55
	=	1.05

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

Janel (JANL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Janel Corp (OTCPK:JANL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Eighth Avenue, New York, NY, USA, 10011

Website

https://www.janelcorp.com

Janel Corp is a holding company. The company's operating segments include Logistics Services, Manufacturing, and Life Sciences. The logistics Services segment is a full-service provider of cargo transportation logistics management services, including freight forwarding via air, ocean, and land-based carriers, customs brokerage services, warehousing, and distribution services. The Manufacturing segment is engaged in manufacturing and distributing industrial mixing equipment and apparatus for specific applications within various industries. The Life Sciences segment manufactures and distributes monoclonal and polyclonal antibodies, diagnostic reagents, and other immunoreagents for biomedical research. It generates maximum revenue from the Logistics Services segment.

Executives

Kesteren Gerard Van	director	80 EIGHTH AVENUE, NEW YORK NY 10011
Gregory B Graves	director	129 CONCORD ROAD, BILLERICA MA 01821
Dominique Schulte	10 percent owner	68 BANK STREET, NEW YORK NY 10014
Brendan James Killackey	director	80 EIGHTH AVENUE, NEW YORK NY 10011
Oaxaca Group L.l.c.	10 percent owner	68 BANK STREET, NEW YORK NY 10014
Vincent Verde	officer: CFO	C/O JANEL CORPORATION, 303 MERRICK ROAD, SUITE 400, LYNBROOK NY 11563
Ryan Karen Miller	director	2260 S ADAMS, DENVER CO 80210
John Eidinger	10 percent owner	80 EIGHTH AVENUE, NEW YORK NY 10011
Gonzalez John Joseph Ii	10 percent owner, officer: SR Managing Director NE Region	7 PARSONS LANDING, ISLIP NY 11751
Gregory J Melsen	director	614 MCKINLEY PLACE NE, MINNEAPOLIS MN 55413
James N Jannello	10 percent owner	303 MERRICK ROAD - SUITE 200, LYNBROOK NY 11563
Carlos Pla	officer: CFO	303 MERRICK ROAD, SUITE 400, LYNBROOK NY 11563
Brian Aronson	officer: CFO	745 BOULEVARD EAST, WEEHAWKEN NJ 07086
Nicholas V Ferrara	director	303 MERRICK ROAD - SUITE 200, LYNBROOK NY 11563
Philip J Dubato	officer: EVP of Finance	303 MERRICK ROAD - SUITE 200, LYNBROOK NY 11563

Janel (JANL) Headlines

From GuruFocus

Director Kesteren Van Acquires 3,000 Shares of Janel Corp (JANL)

By GuruFocus Research • 02-29-2024