SatixFy Communications (SatixFy Communications) Interest Expense : $16.01 Mil (TTM As of Mar. 2024)

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What is SatixFy Communications Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SatixFy Communications's interest expense for the three months ended in Mar. 2024 was $ -3.66 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $16.01 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. SatixFy Communications's Operating Income for the three months ended in Mar. 2024 was $ -7.67 Mil. SatixFy Communications's Interest Expense for the three months ended in Mar. 2024 was $ -3.66 Mil. SatixFy Communications 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.

SatixFy Communications Interest Expense Historical Data

The historical data trend for SatixFy Communications'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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SatixFy Communications Interest Expense Chart

SatixFy Communications Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1.86

-4.40

-9.92

-12.13

SatixFy Communications Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial						-0.12	-2.15	-	19.68	-3.66

SatixFy Communications 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 $16.01 Mil.

SatixFy Communications (AMEX:SATX) 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.

SatixFy Communications's Interest Expense for the three months ended in Mar. 2024 was $-3.66 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-7.67 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $64.53 Mil.

SatixFy Communications's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

SatixFy Communications did not have earnings to cover the interest expense.

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

SatixFy Communications (SatixFy Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SatixFy Communications Ltd (AMEX:SATX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Hamada Street, Rehovot, ISR, 670315

Website

https://www.satixfy.com

SatixFy Communications Ltd develops end-to-end next-generation satellite communications systems, including satellite payloads, user terminals and modems, based on powerful chipsets that it develops in house. Its products include modems that feature Software Defined Radio and Fully Electronically Steered Multi Beam Antennas that support the advanced communications standard DVB-S2X. Geographical presence in U.S, Canada, UK and Other countries. Majority of its company revenue comes from U.S and Canada.