What is Air Industries Group Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Air Industries Group's interest expense for the
three
months ended in Mar. 2024 was $ -0.46 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.91 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. Air Industries Group's Operating Income for the
three
months ended in Mar. 2024 was $ -0.26 Mil. Air Industries Group's Interest Expense for the
three
months ended in Mar. 2024 was $ -0.46 Mil.
Air Industries Group 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.
Air Industries Group 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 $-1.91 Mil.
* 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.
Air Industries Group (AMEX:AIRI) Interest Expense Explanation
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. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Air Industries Group's Interest Expense for the
three
months ended in Mar. 2024 was $-0.46 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $-0.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $8.97 Mil.
Air Industries Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
| Air Industries Group did not have earnings to cover the interest expense. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Air Industries Group (Air Industries Group) Business Description
Traded in Other Exchanges
Address
1460 Fifth Avenue, Bay Shore, New York, NY, USA, 11706
Air Industries Group is an aerospace and defense company. Its manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. The company also provides sheet metal fabrication of aerostructures, tube bending, and welding services. It reports into two segments namely Complex Machining, and Turbine Engine Components.
Executives
| Scott Glassman |
officer: CHIEF FINANCIAL OFFICER |
1479 NORTH CLINTON AVENUE, BAY SHORE NY 11706 |
| Luciano M Melluzzo |
officer: President |
93 FOXON PLACE, NEW BRITAIN CT 06053 |
| Michael N Taglich |
director |
TAGLICH BROTHERS INC, 1370 AVENUE OF THE AMERICAS --31ST FLOOR, NEW YORK NY 6317254791 |
| Michael Porcelain |
director |
68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747 |
| Peter Rettaliata |
director |
C/O AIR INDUSTRIES, 1479 CLINTON AVENUE, BAY SHORE NY 11706 |
| Robert Taglich |
director, 10 percent owner |
700 NEW YORK AVENUE, HUNTINGTON NY 11743 |
| Michael Brand |
director |
4196 MAJESTIC CIRCLE, MEDINA OH 44256 |
| David S. Richmond |
10 percent owner, other: See Footnote 1 |
3568 WILDWOOD AVENUE, JACKSON MI 49202 |
| Rbi Private Investment Iii, Llc |
other: See Footnote 1 |
3568 WILDWOOD AVENUE, JACKSON MI 49202 |
| Matthew J. Curfman |
10 percent owner, other: See Footnote 1 |
3568 WILDWOOD AVENUE, JACKSON MI 49202 |
| Rbi Pi Manager, Llc |
other: See Footnote 1 |
3568 WILDWOOD AVENUE, JACKSON MI 49202 |
| Richmond Brothers 401(k) Profit Sharing Plan |
other: See Footnote 1 |
3568 WILDWOOD AVENUE, JACKSON MI 49202 |
| Rbi Private Investment Ii, Llc |
other: See Footnote 1 |
3568 WILDWOOD AVENUE, JACKSON MI 49202 |
| Richmond Brothers, Inc. |
10 percent owner, other: See Footnotes 1 and 2 |
7415 FOXWORTH COURT, JACKSON MI 49201 |
| Michael E Recca |
officer: Chief Financial Officer |
|
Air Industries Group (Air Industries Group) Headlines
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