What is Precision Optics Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Precision Optics's interest expense for the
three
months ended in Mar. 2024 was $ -0.06 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.22 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. Precision Optics's Operating Income for the
three
months ended in Mar. 2024 was $ -0.26 Mil. Precision Optics's Interest Expense for the
three
months ended in Mar. 2024 was $ -0.06 Mil.
Precision Optics 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.
Precision Optics 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 $-0.22 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.
Precision Optics (NAS:POCI) 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.
Precision Optics's Interest Expense for the
three
months ended in Mar. 2024 was $-0.06 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 $1.88 Mil.
Precision Optics's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
| Precision Optics 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.
Precision Optics (Precision Optics) Business Description
Traded in Other Exchanges
N/A
Address
22 East Broadway, Gardner, MA, USA, 01440
Precision Optics Corp Inc is engaged in designing, developing, and manufacturing advanced optical instruments. It manufactures medical products such as endoscopes and endocouplers which incorporate various optical technologies for use in a variety of minimally invasive surgical and diagnostic procedures. The company also produces endoscopes for various applications as well as designs and manufactures custom optical medical devices to satisfy customers' specific requirements. In addition, the company manufactures and sells components and assemblies specially designed for industrial and military use. The company earns the majority of its revenue from the United States.
Executives
| Wayne M Coll |
officer: Chief Financial Officer |
|
| Mahesh Lawande |
officer: Chief Operating Officer |
14 PUTNAM ROAD, ACTON MA 01720 |
| Edward Kevin Dahill |
officer: Interim CFO |
137 HOLLOW TREE RIDGE ROAD, DARIEN CT 06820 |
| Peter V. Anania |
director, 10 percent owner |
C/O PRECISION OPTICS CORPORATION, INC., 22 EAST BROADWAY, GARDNER MA 01440 |
| Norman H Pessin |
10 percent owner |
C/O LEVY, HARKINS & CO., INC., 366 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10017 |
| Sandra F Pessin |
10 percent owner |
C/O NORMAN PESSIN, 366 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10017 |
| Brian L. Pessin |
10 percent owner |
310 EAST 75TH STREET, APT. 2A, NEW YORK NY 10021 |
| Jeffrey Dirubio |
officer: VP of Sales and Marketing |
22 EAST BROADWAY, GARDNER MA 01440 |
| Stuart Steinberg |
10 percent owner |
85 BELLEVUE AVENUE, RYE NY 10580 |
| Daniel S Habhegger |
officer: Chief Financial Officer |
22 EAST BROADWAY, GARDNER MA 01440 |
| Divaker Mangadu |
officer: Pres., Ross Optical Division |
22 EAST BROADWAY, GARDNER MA 01440 |
| Hershey Strategic Capital, Lp |
10 percent owner |
C/O HERSHEY STRATEGIC CAPITAL GP, LLC, 6 POMPANO ROAD, RUMSON NJ 07760 |
| Peter H Woodward |
director |
30 WEST 63RD STREET, SUITE 18G, NEW YORK NY 10023 |
| Andrew J Miclow |
director |
C/O PRECISION OPTICS CORPORATION INC., 22 EAST BROADWAY, GARDNER MA 01440 |
| Awm Investment Company, Inc. |
10 percent owner |
527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022 |
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