Orbital Infrastructure Group (Orbital Infrastructure Group) Interest Expense : $-40.9 Mil (TTM As of Mar. 2023)

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What is Orbital Infrastructure Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Orbital Infrastructure Group's interest expense for the three months ended in Mar. 2023 was $ -11.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-40.9 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. Orbital Infrastructure Group's Operating Income for the three months ended in Mar. 2023 was $ -3.3 Mil. Orbital Infrastructure Group's Interest Expense for the three months ended in Mar. 2023 was $ -11.2 Mil. Orbital Infrastructure 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.

Orbital Infrastructure Group Interest Expense Historical Data

The historical data trend for Orbital Infrastructure Group'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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Orbital Infrastructure Group Interest Expense Chart

Orbital Infrastructure Group Annual Data

Trend

Dec13

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Dec22

Interest Expense

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-0.22

-0.06

-1.30

-8.34

-37.81

Orbital Infrastructure Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-8.04	-9.81	-9.71	-10.25	-11.16

Orbital Infrastructure 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-40.9 Mil.

Orbital Infrastructure Group (OTCPK:OIGBQ) 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.

Orbital Infrastructure Group's Interest Expense for the three months ended in Mar. 2023 was $-11.2 Mil. Its Operating Income for the three months ended in Mar. 2023 was $-3.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $18.9 Mil.

Orbital Infrastructure Group's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Orbital Infrastructure Group did not have earnings to cover the interest expense.

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

Orbital Infrastructure Group (Orbital Infrastructure Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Orbital Infrastructure Group Inc (OTCPK:OIGBQ) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

5444 Westheimer Road, Suite 1650, Houston, TX, USA, 77056

Website

https://www.orbitalenergygroup.com

Orbital Infrastructure Group Inc is a diversified infrastructure services platform, providing engineering, design, construction, and maintenance services to customers in three operating segments namely electric power, telecommunications, and renewables.

Executives

Steve Cochennet	director	4500 GREENWICH PLACE, AMARILLO TX 79119
James F Oneil	director	C/O FIRSTENERGY CORP., 76 SOUTH MAIN STREET, AKRON OH 44308
Nicholas M Grindstaff	officer: Chief Financial Officer	QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175
La Doris Harris	officer: CDO and CEO OSS	ORBITAL ENERGY GROUP, INC., 1924 ALDINE WESTERN, HOUSTON TX 77038-1204
Jerry Sue Thornton	director	C/O BARNES & NOBLE EDUCATION, INC., 120 MOUNTAIN VIEW BLVD, BASKING RIDGE NJ 07920
Laforrest V Williams	director	1924 ALDINE WESTERN, HOUSTON TX 77038-1204
Paul T Addison	director	C/O FIRSTENERGY CORP., 76 S. MAIN ST., AKRON OH 44308
Daniel Ned Ford	officer: Chief Financial Officer	20050 SW 112TH AVENUE, TUALATIN OR 97062
William J Clough	director, officer: President/CEO	200 9TH AVENUE NORTH, SUITE 210, SAFETY HARBOR FL 34695
Sarah Tucker	director	1707 1/2 POST OAK BLVD, HOUSTON TX 77056
Paul Dwayne White	director	3271 SWEET DR, LAFAYETTE CA 94549
Matthew Murdock Mckenzie	director, officer: Corporate Secretary	13120 SW BEDFORD ST, TIGARD OR 97224
Sean P Rooney	director	20050 SW 112 AVENUE, TUALATIN OR 97062
Thomas A Price	director	601 BRANNAN STREET, SAN FRANCISCO CA 94107
Joseph A Mills	director	EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968