Ameritek Ventures (Ameritek Ventures) Interest Expense : $-0.19 Mil (TTM As of Mar. 2024)

Ameritek Ventures Interest Expense Chart

Ameritek Ventures Annual Data
	Trend	May11	May12	May13	May14	May15	May16	May17	May18	Dec22	Dec23
Interest Expense		Get a 7-Day Free Trial					-	-	-0.07	-0.15	-0.19

Ameritek Ventures Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.04	-0.04	-0.04	-0.07	-0.04

Ameritek Ventures 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 $-0.19 Mil.

* 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.

Ameritek Ventures  (OTCPK:ATVK) 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.

Ameritek Ventures's Interest Expense for the three months ended in Mar. 2024 was $-0.04 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1.96 Mil.

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

* 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.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ameritek Venturess earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Ameritek Ventures (Ameritek Ventures) Business Description