What is Art's-Way Manufacturing Co Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Art's-Way Manufacturing Co's interest expense for the
three
months ended in Feb. 2024 was $ -0.17 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-0.66 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. Art's-Way Manufacturing Co's Operating Income for the
three
months ended in Feb. 2024 was $ -0.38 Mil. Art's-Way Manufacturing Co's Interest Expense for the
three
months ended in Feb. 2024 was $ -0.17 Mil.
Art's-Way Manufacturing Co 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.
Art's-Way Manufacturing Co 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.66 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.
Art's-Way Manufacturing Co (NAS:ARTW) 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.
Art's-Way Manufacturing Co's Interest Expense for the
three
months ended in Feb. 2024 was $-0.17 Mil. Its
Operating Income
for the
three
months ended in Feb. 2024 was $-0.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Feb. 2024 was $3.31 Mil.
Art's-Way Manufacturing Co's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as
| Art's-Way Manufacturing Co 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.
Art's-Way Manufacturing Co (Art's-Way Manufacturing Co) Business Description
Traded in Other Exchanges
Address
5556 Highway 9, P.O. Box 288, Armstrong, IA, USA, 50514
Art's-Way Manufacturing Co Inc is a manufacturer of agricultural equipment. It has three reportable segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and worldwide. Its Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. The Tools segment manufactures steel cutting tools and inserts. It derives revenues from the Agricultural Products segment.
Executives
| Randall C. Ramsey |
director |
5556 HIGHWAY 9, ARMSTRONG IA 50514 |
| Matthew Westendorf |
director |
C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514 |
| David Alan King |
officer: Executive Vice President |
C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514 |
| Mcconnell J Ward Jr |
director, 10 percent owner |
|
| Michael William Woods |
officer: Controller |
C/O ART'S WAY MANUFACTURING CO., INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514 |
| Marc H Mcconnell |
director |
1118 N QUEEN ST, KINSTON NC 28501 |
| David Allan White |
director |
C/O 5556 HIGHWAY 8, ARMSTRONG IA 50514 |
| Carrie L. Gunnerson |
officer: President and CEO |
5556 HIGHWAY 9, ARMSTRONG IA 50514 |
| Joseph R Dancy |
director |
1007 BEAVER CREEK, DUNCANVILLE TX 75137 |
| Michael Furness |
officer: Director of Finance |
5556 HIGHWAY 9, ARMSTRONG IA 50514 |
| David R Castle |
director |
P.O. BOX 1738, LAKEFIELD A6 K0L 2H0 |
| Dean James Droegemueller |
officer: Director of Finance |
5825 VINCENT AVENUE SOUTH, MINNEAPOLIS MN 55410 |
| Fred William Krahmer |
director |
204 LAKE AVENUE, SUITE 201, FAIRMONT MN 56031 |
| Thomas E Buffamante |
director |
6863 WOODLAND DRIVE NORTH, GREAT VALLEY NY 14741 |
| Douglas Richard Mcclellan |
director |
|
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