Sierra Wireless (Sierra Wireless) Interest Expense : $-2.4 Mil (TTM As of Sep. 2022)

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What is Sierra Wireless Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sierra Wireless's interest expense for the three months ended in Sep. 2022 was $ -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 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. Sierra Wireless's Operating Income for the three months ended in Sep. 2022 was $ 7.6 Mil. Sierra Wireless's Interest Expense for the three months ended in Sep. 2022 was $ -1.2 Mil. Sierra Wireless's Interest Coverage for the quarter that ended in Sep. 2022 was 6.37. 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.

Sierra Wireless Interest Expense Historical Data

The historical data trend for Sierra Wireless'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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Sierra Wireless Interest Expense Chart

Sierra Wireless Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-0.16

-0.27

-0.82

-0.32

Sierra Wireless Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-0.03	-0.18	-1.03	-	-1.20

Sierra Wireless 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.4 Mil.

Sierra Wireless (NAS:SWIR) 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.

Sierra Wireless's Interest Expense for the three months ended in Sep. 2022 was $-1.2 Mil. Its Operating Income for the three months ended in Sep. 2022 was $7.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was $66.4 Mil.

Sierra Wireless's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2022 )	/	Interest Expense (Q: Sep. 2022 )
	=	-1	*	7.639	/	-1.2
	=	6.37

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

Sierra Wireless (Sierra Wireless) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sierra Wireless Inc (NAS:SWIR) » Definitions » Interest Expense

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Address

13811 Wireless Way, Richmond, BC, CAN, V6V 3A4

Website

https://www.sierrawireless.com

Sierra Wireless Inc is a wireless communication equipment designer and provider of Device-To-Cloud Internet-of-Things solutions. The company's product and services portfolio contain products such as high-speed cellular modules and services such as connectivity services, cloud platforms, and cellular gateways, among others. It operates through two business segments: Internet of Things solutions and Embedded broadband. The vast majority of revenue comes from the company's embedded broadband segment, and more than half of its revenue is earned in the Americas and Asia-Pacific region.