OCZ Technology Group (FRA:OADA) Interest Expense : €-4.1 Mil (TTM As of Aug. 2013)

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What is OCZ Technology Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OCZ Technology Group's interest expense for the three months ended in Aug. 2013 was € -3.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2013 was €-4.1 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. OCZ Technology Group's Operating Income for the three months ended in Aug. 2013 was € -14.4 Mil. OCZ Technology Group's Interest Expense for the three months ended in Aug. 2013 was € -3.0 Mil. OCZ Technology Group 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.

OCZ Technology Group Interest Expense Historical Data

The historical data trend for OCZ Technology Group'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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OCZ Technology Group Interest Expense Chart

OCZ Technology Group Annual Data

Trend

Dec05

Dec06

Feb09

Feb10

Feb11

Feb12

Feb13

Interest Expense

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-0.47

-1.25

-2.32

-0.56

-0.85

OCZ Technology Group Quarterly Data
	Feb09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Feb13	May13	Aug13
Interest Expense	Get a 7-Day Free Trial										0.08	-0.04	-0.65	-0.42	-2.98

OCZ Technology Group 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 Aug. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €-4.1 Mil.

OCZ Technology Group (FRA:OADA) 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.

OCZ Technology Group's Interest Expense for the three months ended in Aug. 2013 was €-3.0 Mil. Its Operating Income for the three months ended in Aug. 2013 was €-14.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2013 was €0.0 Mil.

OCZ Technology Group's Interest Coverage for the quarter that ended in Aug. 2013 is calculated as

OCZ Technology Group did not have earnings to cover the interest expense.

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

OCZ Technology Group (FRA:OADA) Business Description

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http://www.ocztechnology.com

OCZ Technology Group, Inc., a Delaware corporation was formed in 2002. The Company is a provider of high performance solid state drives (SSDs) and memory modules for computing devices and systems. It develops flexible and customizable component solutions quickly and efficiently to meet the ever changing market needs and provide superior customer service. Historically, it mainly sold high performance memory modules to individual computing enthusiasts through catalog and online retail channels. However, SSDs have emerged as a strong market alternative to conventional disk drive technology and SSDs are rooted in much of the same basic technological concepts as its legacy memory module business. Today, as part of a diversification strategy which began in fiscal year 2009, its product mix is significantly more weighted toward the sale of SSDs and the SSD product line has become central to its business. As a result, its target customers are increasingly enterprises and original equipment manufacturers (or OEMs). It designs, develops, manufactures and distributes high performance components for computing devices and systems, including SSDs, other flash memory storage, memory modules, thermal management solutions and PSUs. Its ten largest customers are Amazon.com; ASK Corporation; BAS Group; D&H Distribution Company; Maxcom Memory GmbH; Memoryworld GmbH & Co., KG; Micro Center Corporation; Micro Peripherals LTD; NewEgg.com, operated by Magnell Associate Inc.; and SYX Distribution, Inc. The Company's business is subject to regulation by various federal and state governmental agencies.

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