Poseidon Concepts (Poseidon Concepts) Interest Expense : $-2.4 Mil (TTM As of Sep. 2012)

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What is Poseidon Concepts Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Poseidon Concepts's interest expense for the three months ended in Sep. 2012 was $ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2012 was $-2.4 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. Poseidon Concepts's Operating Income for the three months ended in Sep. 2012 was $ 14.4 Mil. Poseidon Concepts's Interest Expense for the three months ended in Sep. 2012 was $ -0.5 Mil. Poseidon Concepts's Interest Coverage for the quarter that ended in Sep. 2012 was 26.59. 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.

Poseidon Concepts Interest Expense Historical Data

The historical data trend for Poseidon Concepts'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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Poseidon Concepts Interest Expense Chart

Poseidon Concepts Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Interest Expense

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-0.35

-0.32

-1.14

-0.14

-0.74

Poseidon Concepts Quarterly Data
	Dec06	Dec07	Dec08	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Interest Expense	Get a 7-Day Free Trial										-0.13	-0.54	-0.73	-0.63	-0.54

Poseidon Concepts 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 Sep. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.4 Mil.

Poseidon Concepts (GREY:POOSF) 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.

Poseidon Concepts's Interest Expense for the three months ended in Sep. 2012 was $-0.5 Mil. Its Operating Income for the three months ended in Sep. 2012 was $14.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2012 was $56.8 Mil.

Poseidon Concepts's Interest Coverage for the quarter that ended in Sep. 2012 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2012 )	/	Interest Expense (Q: Sep. 2012 )
	=	-1	*	14.437	/	-0.543
	=	26.59

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

Poseidon Concepts (Poseidon Concepts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Poseidon Concepts Corp (GREY:POOSF) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

645 - 7th Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 4G8

Website

http://www.poseidonconcepts.com

Poseidon Concepts Corp is a customer-focused provider of safe fluid handling solutions to the oil and natural gas sector across North America.

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