Unique Logistics International (Unique Logistics International) Interest Expense : $-4.8 Mil (TTM As of Feb. 2024)

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What is Unique Logistics International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Unique Logistics International's interest expense for the three months ended in Feb. 2024 was $ -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-4.8 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. Unique Logistics International's Operating Income for the three months ended in Feb. 2024 was $ -0.7 Mil. Unique Logistics International's Interest Expense for the three months ended in Feb. 2024 was $ -1.4 Mil. Unique Logistics International 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.

Unique Logistics International Interest Expense Historical Data

The historical data trend for Unique Logistics International'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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Unique Logistics International Interest Expense Chart

Unique Logistics International Annual Data

Trend

May20

May21

May22

May23

Interest Expense

-0.33

-1.78

-6.41

-3.84

Unique Logistics International Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial												-0.55	-0.96	-1.39	-1.03	-1.41

Unique Logistics International 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.8 Mil.

Unique Logistics International (OTCPK:UNQL) 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.

Unique Logistics International's Interest Expense for the three months ended in Feb. 2024 was $-1.4 Mil. Its Operating Income for the three months ended in Feb. 2024 was $-0.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $28.3 Mil.

Unique Logistics International's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Unique Logistics International did not have earnings to cover the interest expense.

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

Unique Logistics International (Unique Logistics International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Unique Logistics International Inc (OTCPK:UNQL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

154-09, 146th Avenue, Jamaica, NY, USA, 11434

Website

https://www.unique-logistics.com

Unique Logistics International Inc is a logistics and freight forwarding company. Its services include Air Freight, Ocean Freight, Customs Brokerage, Insurance, Domestic Distribution, and DDP and Fiscal Representation. Geographically, it derives a majority of its revenue from China, Hong Kong and Taiwan.

Executives

Migdalia Diaz	officer: Chief Operating Officer	3722 CASTEEL PARK DRIVE, MARIETTA GA 30064
Sunandan Ray	director, officer: Chief Executive Officer	320 SOUTHDOWN ROAD, LLYOD HARBOR NY 11743
Lee Patrick Man Bun	director	UNIT 05-06, 3/F, ENTERPRISE SQUARE, 9 SHEUNG YUET RD, KOWLOON BAY, KOWLOON K3 1703
David S. Briones	director	C/O PETRO RIVER OIL COMPANY, 1980 POST OAK BLVD., SUITE 2020, HOUSTON TX 77056
Sterling C. Barton	10 percent owner	823 SOUTH SIXTH STREET, SUITE 100, LAS VEGAS NV 89101
Keith S. Barton	10 percent owner	488 MADISON AVENUE, SUITE 1100, NEW YORK NY 10022
Gcnd, Inc.	10 percent owner	C/O GARY WOLF ESQ., 488 MADISON AVE., STE. 1100, NEW YORK NY 10022