Allient (Allient) Interest Expense : $-12.8 Mil (TTM As of Mar. 2024)

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What is Allient Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Allient's interest expense for the three months ended in Mar. 2024 was $ -3.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-12.8 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. Allient's Operating Income for the three months ended in Mar. 2024 was $ 12.1 Mil. Allient's Interest Expense for the three months ended in Mar. 2024 was $ -3.4 Mil. Allient's Interest Coverage for the quarter that ended in Mar. 2024 was 3.57. 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.

Allient Interest Expense Historical Data

The historical data trend for Allient'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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Allient Interest Expense Chart

Allient Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-5.13

-3.72

-3.24

-7.69

-12.38

Allient 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															-2.98	-3.16	-3.16	-3.07	-3.39

Allient 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 $-12.8 Mil.

Allient (NAS:ALNT) 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.

Allient's Interest Expense for the three months ended in Mar. 2024 was $-3.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was $12.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $258.7 Mil.

Allient'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	*	12.1	/	-3.388
	=	3.57

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

Allient (Allient) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Allient Inc (NAS:ALNT) » Definitions » Interest Expense

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HWY:Germany

Address

495 Commerce Drive, Suite 3, Amherst, New York, NY, USA, 14228

Website

https://www.alliedmotion.com

Allient Inc, formerly Allied Motion Technologies Inc designs, manufactures, and sells precision and specialty motion control components and systems. The firm primarily caters to the vehicle, medical, aerospace and defense, and electronics and industrial, pumps, and robotics sectors. It mainly operates and sells across the United States, Canada, South America, Europe, and Asia. Its products and solutions include nano precision positioning systems, servo control systems, motion controllers, digital servo amplifiers and drives, brushless servo, torque, and coreless motors, brush motors, integrated motor drives, gear motors, gearing, incremental and absolute optical encoders, active (electronic) and passive (magnetic) filters for power quality and harmonic issues.

Executives

Kenneth Arthur May	officer: Chief Technology Officer	495 COMMERCE DRIVE, AMHERST NY 14228
Nicole R Tzetzo	director	C/O ALLIED MOTION TECHNOLOGIES INC., 495 COMMERCE DRIVE, AMHERST NY 14228
Robert B Engel	director	C/O ALLIED MOTION TECHNOLOGIES INC., 495 COMMERCE DRIVE, AMHERST NY 14228
Steven C. Finch	director	6363 MAIN STREET, WILLIAMSVILLE NY 14221
James J Tanous	director	C/O ALLIED MOTION TECHNOLOGIES INC., 495 COMMERCE DRIVE, AMHERST NY 14228
Richard D Federico	director	8041 GREENBRIAR COURT, BURR RIDGE IL 60527
Michael R Winter	director	C/O ALLIED MOTION TECHNOLOGIES INC., 495 COMMERCE DRIVE, AMHERST NY 14228
Geoffery Rondeau	officer: VP of Operational Excellence	495 COMMERCE DRIVE, AMHERST NY 14228
Helmut Pirthauer	officer: VP and Group President	495 COMMERCE DRIVE, AMHERST NY 14228
Michael R Leach	officer: Chief Financial Officer	495 COMMERCE DRIVE, AMHERST NY 14228
Ashish Bendre	officer: Senior VP and Group President	495 COMMERCE DRIVE, AMHERST NY 14228
Richard S Warzala	director, 10 percent owner, officer: Chief Executive Officer	495 COMMERCE DRIVE, AMHERST NY 14228
Robert P Maida	officer: Senior VP and Group President	495 COMMERCE DRIVE, AMHERST NY 14228
Gerald J Laber	director	C/O APPLIED FILMS CORPORATION, 9586 I-25 FRONTAGE ROAD, LONGMONT CO 80504
Smith Richard D /co/	director, officer: Chief Executive Officer