Electric Last Mile Solutions (Electric Last Mile Solutions) Interest Expense : $ Mil (TTM As of Sep. 2021)

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What is Electric Last Mile Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Electric Last Mile Solutions's interest expense for the three months ended in Sep. 2021 was $ -0.66 Mil. Electric Last Mile Solutions does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Sep. 2021.

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. Electric Last Mile Solutions's Operating Income for the three months ended in Sep. 2021 was $ -22.34 Mil. Electric Last Mile Solutions's Interest Expense for the three months ended in Sep. 2021 was $ -0.66 Mil. Electric Last Mile Solutions 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.

Electric Last Mile Solutions Interest Expense Historical Data

The historical data trend for Electric Last Mile Solutions'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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Electric Last Mile Solutions Interest Expense Chart

Electric Last Mile Solutions Annual Data

Trend

Interest Expense

Electric Last Mile Solutions Quarterly Data
	Jun21	Sep21
Interest Expense	-2.06	-0.66

Electric Last Mile Solutions Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Electric Last Mile Solutions (OTCPK:ELMSQ) 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.

Electric Last Mile Solutions's Interest Expense for the three months ended in Sep. 2021 was $-0.66 Mil. Its Operating Income for the three months ended in Sep. 2021 was $-22.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was $29.80 Mil.

Electric Last Mile Solutions's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Electric Last Mile Solutions did not have earnings to cover the interest expense.

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

Electric Last Mile Solutions (Electric Last Mile Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Electric Last Mile Solutions Inc (OTCPK:ELMSQ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

1055 West Square Lake Road, Troy, MI, USA, 48098

Website

https://www.electriclastmile.com

Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.

Executives

Dono Thomas Michael Jr	officer: Ch. Legal Officer & Corp. Sec.	882 SIMPSON STREET, PLYMOUTH MI 48170
Jonathan Ballon	officer: Chief Strategy & Digital Ofcr	1055 W SQUARE LAKE ROAD TROY MI 48098
Yao (rob) Song	officer: Treasurer, PAO and Controller	125 E. JOHN CARPENTER FREEWAY SUITE 1650 IRVING TX 75062
Hailiang Hu	officer: Chief Operating Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Richard N. Peretz	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kevork Tro Adjemian	officer: Chief Technical Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
James Taylor	director, officer: Chief Executive Officer	1070 WEST GUNN ROAD, ROCHESTER MI 48306
Benjamin F Wu	officer: General Counsel and Secretary	1055 W. SQUARE LAKE ROAD TROY MI 48098
Shauna Mcintyre	director	150 N. BARTLETT STREET, MEDFORD OR 97501
Albert Li	officer: CFO & Treasurer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Jason Luo	director, 10 percent owner, officer: Executive Chairman & President	1055 W. SQUARE LAKE ROAD TROY MI 48098
Brian M Krzanich	director	1210 MACDONALD RANCH ROAD, HENDERSON NV 89012
Neil Goldberg	director	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Forum Capital Management Iii Llc	director, 10 percent owner	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445
Forum Investors Iii Llc	director, 10 percent owner, other: *Director by Deputization	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445