Kraken Robotics (Kraken Robotics) Interest Expense : $-0.32 Mil (TTM As of Mar. 2024)

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What is Kraken Robotics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kraken Robotics's interest expense for the three months ended in Mar. 2024 was $ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.32 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. Kraken Robotics's Operating Income for the three months ended in Mar. 2024 was $ 1.88 Mil. Kraken Robotics's Interest Expense for the three months ended in Mar. 2024 was $ -0.06 Mil. Kraken Robotics's Interest Coverage for the quarter that ended in Mar. 2024 was 34.25. 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.

Kraken Robotics Interest Expense Historical Data

The historical data trend for Kraken Robotics'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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Kraken Robotics Interest Expense Chart

Kraken Robotics Annual Data

Trend

Sep14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.16

-0.21

-0.43

-0.56

-0.38

Kraken Robotics 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															-0.12	-0.13	-0.07	-0.05	-0.06

Kraken Robotics 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 $-0.32 Mil.

Kraken Robotics (OTCPK:KRKNF) 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.

Kraken Robotics's Interest Expense for the three months ended in Mar. 2024 was $-0.06 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1.88 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2.58 Mil.

Kraken Robotics'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	*	1.884	/	-0.055
	=	34.25

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

Kraken Robotics (Kraken Robotics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kraken Robotics Inc (OTCPK:KRKNF) » Definitions » Interest Expense

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Traded in Other Exchanges

2KQ:Germany PNG:Canada

Address

189 Glencoe Drive, Mount Pearl, NL, CAN, A1N 4P6

Website

https://www.krakenrobotics.com

Kraken Robotics Inc is a Canadian company engaged in the design, manufacture and sale of software-centric sensors and underwater robotic systems. It operates in the business segments of Sensors and Platforms which is the design, manufacture, and sale and provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platform; and Power which is the design, manufacture, and sale of subsea power equipment such as drives, thrusters, and batteries. A majority of the revenue is derived from the Sensors and Platforms segment. Geographically, the group generates revenue from Canada, the United States, Europe and other countries.

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