Orbit Technologies (XTAE:ORBI) Interest Expense : ₪-1.5 Mil (TTM As of Jun. 2023)

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What is Orbit Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Orbit Technologies's interest expense for the three months ended in Jun. 2023 was ₪ -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was ₪-1.5 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. Orbit Technologies's Operating Income for the three months ended in Jun. 2023 was ₪ 9.8 Mil. Orbit Technologies's Interest Expense for the three months ended in Jun. 2023 was ₪ -0.8 Mil. Orbit Technologies's Interest Coverage for the quarter that ended in Jun. 2023 was 12.67. 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.

Orbit Technologies Interest Expense Historical Data

The historical data trend for Orbit Technologies'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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Orbit Technologies Interest Expense Chart

Orbit Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-2.26

-1.94

-1.90

-1.20

-1.08

Orbit Technologies Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial						-0.29	-0.30	-	-0.75	-0.77

Orbit Technologies 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪-1.5 Mil.

Orbit Technologies (XTAE:ORBI) 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.

Orbit Technologies's Interest Expense for the three months ended in Jun. 2023 was ₪-0.8 Mil. Its Operating Income for the three months ended in Jun. 2023 was ₪9.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was ₪34.2 Mil.

Orbit Technologies's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	9.759	/	-0.77
	=	12.67

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

Orbit Technologies (XTAE:ORBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Orbit Technologies Ltd (XTAE:ORBI) » Definitions » Interest Expense

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Address

8D Hatzoran Street, PO Box 8657, Netanya, ISR, 4250608

Website

http://www.orbit-cs.com

Orbit Technologies Ltd is an Israel based company engages in the provision of Satellite Communications Systems, Tracking and Telemetry Systems and Communication Management Systems for Airborne, Marine, and Ground vessels, in both Commercial and Military applications. Its activities are divided into below the main business lines. The Mobile Satcom business line offers marine, air, train, and land mobile satcom systems that are used for television reception and for data applications such as Internet and video. Its Tracking business line provides full solutions for tracking low orbiting satellites, aircraft, UAVs, and missiles.

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