Metal Storm (Metal Storm) Interest Expense : $-2.80 Mil (TTM As of Dec. 2011)

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What is Metal Storm Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Metal Storm's interest expense for the six months ended in Dec. 2011 was $ -2.80 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2011 was $-2.80 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. Metal Storm's Operating Income for the six months ended in Dec. 2011 was $ -8.00 Mil. Metal Storm's Interest Expense for the six months ended in Dec. 2011 was $ -2.80 Mil. Metal Storm 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.

Metal Storm Interest Expense Historical Data

The historical data trend for Metal Storm'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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Metal Storm Interest Expense Chart

Metal Storm Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Interest Expense

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-4.30

-4.28

-5.19

-4.28

-2.80

Metal Storm Semi-Annual Data
	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11
Interest Expense	Get a 7-Day Free Trial							-4.30	-4.28	-5.19	-4.28	-2.80

Metal Storm Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2011 was $-2.80 Mil.

Metal Storm (OTCPK:MTSXY) 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.

Metal Storm's Interest Expense for the six months ended in Dec. 2011 was $-2.80 Mil. Its Operating Income for the six months ended in Dec. 2011 was $-8.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2011 was $0.91 Mil.

Metal Storm's Interest Coverage for the quarter that ended in Dec. 2011 is calculated as

Metal Storm did not have earnings to cover the interest expense.

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

Metal Storm (Metal Storm) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Metal Storm Ltd (OTCPK:MTSXY) » Definitions » Interest Expense

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Address

Website

http://www.metalstorm.com

Metal Storm Ltd is incorporated under the laws of Australia on April 13, 1994. The company is a defence technology company engaged in the development of electronically initiated ballistics systems using its stacked round technology. Its technology is an electronically initiated, stacked projectile system which removes the mechanical steps required to fire a conventional weapon. Effectively, the only parts that move in Metal Storm's technology are the projectiles contained within the barrels. Multiple projectiles are stacked in a barrel, each separated by a propellant load. Its products include 3GL - 3 shot grenade launcher, FireStorm, MAUL, Redback, Munitions and Component weapon systems. The company also provides Research and Development as well as Consulting and Integration Services.

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