What is PowerFleet Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PowerFleet's interest expense for the
three
months ended in Dec. 2023 was $ -1.1 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.6 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. PowerFleet's Operating Income for the
three
months ended in Dec. 2023 was $ -4.3 Mil. PowerFleet's Interest Expense for the
three
months ended in Dec. 2023 was $ -1.1 Mil.
PowerFleet 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.
PowerFleet 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.6 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.
PowerFleet (NAS:PWFL) 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.
PowerFleet's Interest Expense for the
three
months ended in Dec. 2023 was $-1.1 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $-4.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $4.9 Mil.
PowerFleet's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
| PowerFleet 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.
PowerFleet (PowerFleet) Business Description
Traded in Other Exchanges
Address
123 Tice Boulevard, Suite 101, Woodcliff Lake, NJ, USA, 07677
PowerFleet Inc provides subscription-based wireless Internet-of-Things (IoT) and machine-to-machine (M2M) solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, trailers, containers, cargo, light vehicles, and heavy truck fleets. The firm's systems utilize radio frequency identification, Wi-fi, satellite communications, and sensor technology to manage its assets. It operates in the segment of Wireless IoT asset management. The company has a business presence in the U. S, Israel, and other countries, of which key revenue is derived from the U.S.
Executives
| David Wilson |
officer: Chief Financial Officer |
|
| Michael J Casey |
director |
C/O MAPICS INC, 1000WINDWARD CONCOURSE PKWY STE.100, ALPHARETTA GA 30005 |
| Offer Lehmann |
officer: Chief Operating Officer |
C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677 |
| Elchanan Maoz |
director |
11200 SW MURRAY SCHOLLS PLACE, BEAVERTON OR 97007 |
| Patrick John Maley |
officer: Chief Revenue Officer |
C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677 |
| James Scott Zeitunian |
officer: Chief Technology Officer |
C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677 |
| Joaquin Fong |
officer: See "Remarks" below |
C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677 |
| Charles Frumberg |
director |
825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022 |
| Michael Brodsky |
director |
C/O NEW WORLD OPPORTUNITY PARTNERS I LLC, 1603 ORRINGTON AVE, STE 1600, EVANSTON IL 60201 |
| Steven Mark Towe |
director, officer: Chief Executive Officer |
C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677 |
| Elizabeth Elkins |
officer: Chief Product Officer |
C/O POWERFLEET, INC., 123 TICE BLVD., WOODCLIFF LAKE NJ 07677 |
| David Mahlab |
director, officer: CEO International |
14 HA'MELACHA STREET, ROSH HA'AYIN L3 4809133 |
| Medhini Srinivasan |
director |
C/O POWERFLEET, INC., 123 TICE BLVD, WOODCLIFF LAKE NJ 07677 |
| Anders Bjork |
director |
C/O POWERFLEET, INC., 123 TICE BOULEVARD, WOODCLIFF LAKE NJ 07677 |
| Ned Mavrommatis |
officer: Chief Financial Officer |
C/O ID SYSTEMS INC, ONE UNIVERSITY PLAZA, HACKENSACK NJ 07601 |
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