Veltex (Veltex) Interest Expense : $-0.16 Mil (TTM As of Mar. 2024)

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What is Veltex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Veltex's interest expense for the three months ended in Mar. 2024 was $ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.16 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. Veltex's Operating Income for the three months ended in Mar. 2024 was $ -0.15 Mil. Veltex's Interest Expense for the three months ended in Mar. 2024 was $ -0.09 Mil. Veltex did not have earnings to cover the interest expense. 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.

Veltex Interest Expense Historical Data

The historical data trend for Veltex'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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Veltex Interest Expense Chart

Veltex Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

Veltex Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial			-	-0.06	-0.07	-	-0.09

Veltex 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 $-0.16 Mil.

Veltex (OTCPK:VLXC) 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.

Veltex's Interest Expense for the three months ended in Mar. 2024 was $-0.09 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

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

Veltex did not have earnings to cover the interest expense.

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

Veltex (Veltex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Veltex Corp (OTCPK:VLXC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

123 West Madison Street, Suite 1500, Chicago, IL, USA, 60602

Website

https://www.veltex.com

Veltex Corp is a United States-based holding company. The company is engaged in the development and acquisition of companies that have established or advanced the latest modalities in the areas of health, wellness, and recovery. Its market includes rehab centres and treatment centres. The company also acquires real estate properties.