Novation (Novation) Interest Expense : $-3.39 Mil (TTM As of Sep. 2021)

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What is Novation Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Novation's interest expense for the three months ended in Sep. 2021 was $ -0.86 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 was $-3.39 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. Novation's Operating Income for the three months ended in Sep. 2021 was $ -0.51 Mil. Novation's Interest Expense for the three months ended in Sep. 2021 was $ -0.86 Mil. Novation 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.

Novation Interest Expense Historical Data

The historical data trend for Novation'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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Novation Interest Expense Chart

Novation Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-3.61

-3.94

-5.28

-4.52

-3.31

Novation Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Expense	Get a 7-Day Free Trial															-0.84	-0.85	-0.83	-0.85	-0.86

Novation 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.39 Mil.

Novation (OTCPK:NOVCQ) 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.

Novation's Interest Expense for the three months ended in Sep. 2021 was $-0.86 Mil. Its Operating Income for the three months ended in Sep. 2021 was $-0.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was $92.84 Mil.

Novation's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Novation did not have earnings to cover the interest expense.

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

Novation (Novation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Novation Companies Inc (OTCPK:NOVCQ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

9229 Ward Parkway, Suite 340, Kansas City, MO, USA, 64114

Website

http://novationcompanies.com

Novation Companies Inc provides outsourced health care staffing and related services in the State of Georgia. Services are performed by medical staff on-site at the company's clients' facilities.

Executives

Lee D Keddie	director	1110 W. LAKE COOK ROAD SUITE 220 BUFFALO GROVE IL 60089
David William Pointer	director, officer: Chief Executive Officer	PO BOX 402, NEWMAN LAKE WA 99025
Howard Amster	director	23811 CHAGRIN BLVD # 200, BEACHWOOD OH 44122-5525
Barry Igdaloff	director
Howard Timothy Eriksen	director	567 WILDROSE CIRCLE, LYNDEN WA 98264
Jeffrey E. Eberwein	director, officer: Executive Chairman	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Charles M Gillman	director	1223 WILSHIRE BOULEVARD, OFFICE 648, SANTA MONICA CA 90402
Robert G. Pearse	director	100 CANAL POINTE BLVD., SUITE 108, PRINCETON NJ 08540
Carolyn K. Campbell	officer: Chief Financial Officer	C/O NOVATION COMPANIES, INC. 500 GRAND BOULEVARD, SUITE 201B KANSAS CITY MO 64106
Richard Rector	other: See Remarks	C/O NOVATION COMPANIES, INC. 500 GRAND BOULEVARD, SUITE 201B KANSAS CITY MO 64106
W Lance Anderson	officer: President and COO	2114 CENTRAL ST STE 600 KANSAS CITY MO 64108
Gregory T Barmore	director	C/O NOVASTAR FINANCIAL INC, 8140 WARD PARKWAY, STE 300, KANSAS CITY MO 64114
Steve M Haslam	officer: Chief Operating Officer	2114 CENTRAL STREET SUITE 600 KANSAS CITY MO 64108
Edward W Mehrer	director	C/O NOVASTAR FINANCIAL INC 8140 WARD PARKWAY, STE 300 KANSAS CITY MO 64114
Art N Burtscher	director	C/O NOVASTAR FINANCIAL INC 8140 WARD PARKWAY, STE 300 KANSAS CITY MO 64114

Novation (Novation) Headlines

From GuruFocus

Novation Companies Announces Date of 2018 Annual Meeting of Shareholders

By PRNewswire PRNewswire • 08-02-2018