Canal Capital (Canal Capital) Interest Expense : $-0.09 Mil (TTM As of Jul. 2012)

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What is Canal Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canal Capital's interest expense for the three months ended in Jul. 2012 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2012 was $-0.09 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. Canal Capital's Operating Income for the three months ended in Jul. 2012 was $ 0.52 Mil. Canal Capital's Interest Expense for the three months ended in Jul. 2012 was $ -0.02 Mil. Canal Capital's Interest Coverage for the quarter that ended in Jul. 2012 was 25.90. 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.

Canal Capital Interest Expense Historical Data

The historical data trend for Canal Capital'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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Canal Capital Interest Expense Chart

Canal Capital Annual Data

Trend

Oct02

Oct03

Oct04

Oct05

Oct06

Oct07

Oct08

Oct09

Oct10

Oct11

Interest Expense

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-0.18

-0.13

-0.09

Canal Capital Quarterly Data
	Oct07	Jan08	Apr08	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12
Interest Expense	Get a 7-Day Free Trial															-0.02	-0.02	-0.02	-0.02	-0.02

Canal Capital 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 Jul. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.09 Mil.

Canal Capital (OTCPK:COWP) 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.

Canal Capital's Interest Expense for the three months ended in Jul. 2012 was $-0.02 Mil. Its Operating Income for the three months ended in Jul. 2012 was $0.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2012 was $0.61 Mil.

Canal Capital's Interest Coverage for the quarter that ended in Jul. 2012 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jul. 2012 )	/	Interest Expense (Q: Jul. 2012 )
	=	-1	*	0.518	/	-0.02
	=	25.90

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

Canal Capital (Canal Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Canal Capital Corp (OTCPK:COWP) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

4 Morris Street, Port Jefferson Station, New York, NY, USA, 11776

Website

Canal Capital Corp is engaged in stockyard operations and real estate business. It develops and restructures real estate lots surrounding its existing operating lease properties, stockyard operating properties & properties held for development or resale.

Executives

Asher B Edelman

other: Member of 10% Group

C/O PERINI CORP, 73 MT WAYTE AVE, FRAMINGHAM MA 01701

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