Fortitude Group (Fortitude Group) Interest Expense : $-0.09 Mil (TTM As of Sep. 2010)

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What is Fortitude Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fortitude Group's interest expense for the three months ended in Sep. 2010 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2010 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. Fortitude Group's Operating Income for the three months ended in Sep. 2010 was $ -0.07 Mil. Fortitude Group's Interest Expense for the three months ended in Sep. 2010 was $ -0.01 Mil. Fortitude 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.

Fortitude Group Interest Expense Historical Data

The historical data trend for Fortitude 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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Fortitude Group Interest Expense Chart

Fortitude Group Annual Data

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Interest Expense

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-0.01

-0.10

-0.05

Fortitude Group Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Interest Expense	Get a 7-Day Free Trial															-0.01	0.02	-0.01	-0.09	-0.01

Fortitude 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 Sep. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.09 Mil.

Fortitude Group (OTCPK:FRTD) 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.

Fortitude Group's Interest Expense for the three months ended in Sep. 2010 was $-0.01 Mil. Its Operating Income for the three months ended in Sep. 2010 was $-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2010 was $0.00 Mil.

Fortitude Group's Interest Coverage for the quarter that ended in Sep. 2010 is calculated as

Fortitude Group did not have earnings to cover the interest expense.

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

Fortitude Group (Fortitude Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fortitude Group Inc (OTCPK:FRTD) » Definitions » Interest Expense

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Address

1001 State Street, Erie, PA, USA, 16501

Website

http://www.fortitudegroupinc.com

Fortitude Group Inc is a diversified investment company. It invests in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.

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