MTI Wireless Edge (LSE:MWE) Interest Expense : £-0.25 Mil (TTM As of Mar. 2024)

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What is MTI Wireless Edge Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MTI Wireless Edge's interest expense for the three months ended in Mar. 2024 was £ -0.19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-0.25 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. MTI Wireless Edge's Operating Income for the three months ended in Mar. 2024 was £ 0.88 Mil. MTI Wireless Edge's Interest Expense for the three months ended in Mar. 2024 was £ -0.19 Mil. MTI Wireless Edge's Interest Coverage for the quarter that ended in Mar. 2024 was 4.70. 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.

MTI Wireless Edge Interest Expense Historical Data

The historical data trend for MTI Wireless Edge'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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MTI Wireless Edge Interest Expense Chart

MTI Wireless Edge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.16

-0.21

-0.19

-0.23

-0.27

MTI Wireless Edge Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															0.06	-0.09	-0.06	-	-0.19

MTI Wireless Edge 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 £-0.25 Mil.

MTI Wireless Edge (LSE:MWE) 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.

MTI Wireless Edge's Interest Expense for the three months ended in Mar. 2024 was £-0.19 Mil. Its Operating Income for the three months ended in Mar. 2024 was £0.88 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was £0.45 Mil.

MTI Wireless Edge'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	*	0.879	/	-0.187
	=	4.70

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

MTI Wireless Edge (LSE:MWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MTI Wireless Edge Ltd (LSE:MWE) » Definitions » Interest Expense

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M7O:Germany

Address

11 Hamelacha Street, Afek Industrial Park, Rosh-Ha'Ayin, ISR, 4809121

Website

https://www.mtiwirelessedge.com

MTI Wireless Edge Ltd is an Israel-based company engaged in three segments; the antennas segment includes the development, design, manufacture, and marketing of antennas for the military and civilian sectors, Water solutions segment is a provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies, and Distribution and Consultation segment provides consulting representation, and marketing services to foreign companies in the field of RF (radio frequency) and Microwave, including engineering services in the field of aerostat systems and system engineering services, and development, manufacture, and integration of communication systems and monitoring and control systems.