Perma-Pipe International Holdings (Perma-Pipe International Holdings) Interest Expense : $-2.4 Mil (TTM As of Jan. 2024)

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What is Perma-Pipe International Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Perma-Pipe International Holdings's interest expense for the three months ended in Jan. 2024 was $ -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-2.4 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. Perma-Pipe International Holdings's Operating Income for the three months ended in Jan. 2024 was $ 4.6 Mil. Perma-Pipe International Holdings's Interest Expense for the three months ended in Jan. 2024 was $ -0.6 Mil. Perma-Pipe International Holdings's Interest Coverage for the quarter that ended in Jan. 2024 was 7.10. 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.

Perma-Pipe International Holdings Interest Expense Historical Data

The historical data trend for Perma-Pipe International Holdings'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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Perma-Pipe International Holdings Interest Expense Chart

Perma-Pipe International Holdings Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-1.11

-0.65

-0.92

-2.24

-2.43

Perma-Pipe International Holdings Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.66	-0.51	-0.64	-0.64	-0.64

Perma-Pipe International Holdings 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.4 Mil.

Perma-Pipe International Holdings (NAS:PPIH) 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.

Perma-Pipe International Holdings's Interest Expense for the three months ended in Jan. 2024 was $-0.6 Mil. Its Operating Income for the three months ended in Jan. 2024 was $4.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $22.3 Mil.

Perma-Pipe International Holdings's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	4.553	/	-0.641
	=	7.10

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

Perma-Pipe International Holdings (Perma-Pipe International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Perma-Pipe International Holdings Inc (NAS:PPIH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

24900 Pitkin Road, Suite 309, Spring, TX, USA, 77386

Website

https://www.permapipe.com

Perma-Pipe International Holdings Inc is engaged in the manufacture and sale of products in the reportable segment of Piping Systems. The company engineers, designs, manufactures and sells specialty piping systems and leak detection systems. Specialty piping systems include insulated and jacketed district heating and cooling piping systems for efficient energy distribution from central energy plants to multiple locations, primary and secondary containment piping systems for transporting chemicals, hazardous fluids and petroleum products, and the coating and insulation of oil and gas gathering and transmission pipelines. It operates in the United States, Canada, Middle East, Europe, India and other countries.

Executives

David B Brown	director	9870 PLANO ROAD, DALLAS TX 75238
Cynthia Boiter	director	6410 W. HOWARD STREET, NILES IL 60714
Jerome T. Walker	director	10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Robert Joseph Mcnally	director	625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Matthew Earl Lewicki	officer: Chief Accounting Officer	20719 KINGS CROWN CT, HUMBLE TX 77346
David S Barrie	director	2409 BOXWOOD LANE, FERNANDINA BEACH FL 32034
Grant Dewbre	officer: Chief Operating Officer	6410 WEST HOWARD STREET, NILES IL 60714
D Bryan Norwood	officer: Vice President, CFO	6410 W HOWARD STREET, NILES IL 60714
Mark A Zorko	director	9265 FAWN LAKE DR, RALEIGH NC 27617
Karl J Schmidt	officer: CFO and VP	6410 W. HOWARD STREET, NILES IL 60714-3491
Wayne Bosch	officer: VP of HR	41 PORTSHIRE DRIVE, LINCOLNSHIRE IL 60069
David J Mansfield	officer: President and CEO	119 WIND RIDGE CIRCLE, THE WOODLANDS TX 77381
Gerald P Oconnor	officer: Interim CFO,Principal Accntng	P O BOX 3014, NAPERVILLE IL 60566-7014
Michael J Gade	director	5501 HEADQUARTERS DRIVE, PLANO TX 75024
John Mark Foster	officer: Subsidiary President	7720 N. LEHIGH AVENUE, NILES IL 60714