Mirage Energy (Mirage Energy) Interest Expense : $-0.06 Mil (TTM As of Jul. 2021)

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What is Mirage Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mirage Energy's interest expense for the three months ended in Jul. 2021 was $ 0.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2021 was $-0.06 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. Mirage Energy's Operating Income for the three months ended in Jul. 2021 was $ -0.26 Mil. Mirage Energy's Interest Expense for the three months ended in Jul. 2021 was $ 0.14 Mil. Mirage Energy 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.

Mirage Energy Interest Expense Historical Data

The historical data trend for Mirage Energy'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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Mirage Energy Interest Expense Chart

Mirage Energy Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Interest Expense

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-0.01

-0.43

-1.73

-0.10

-0.06

Mirage Energy Quarterly Data
	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21
Interest Expense	Get a 7-Day Free Trial															0.28	-0.01	-0.16	-0.04	0.14

Mirage Energy 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.06 Mil.

Mirage Energy (OTCPK:MRGE) 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.

Mirage Energy's Interest Expense for the three months ended in Jul. 2021 was $0.14 Mil. Its Operating Income for the three months ended in Jul. 2021 was $-0.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2021 was $0.00 Mil.

Mirage Energy's Interest Coverage for the quarter that ended in Jul. 2021 is calculated as

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

Mirage Energy (Mirage Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mirage Energy Corp (OTCPK:MRGE) » Definitions » Interest Expense

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Address

900 Isom Road, Suite 306, San Antonio, TX, USA, 78216

Website

https://www.mirageenergycorp.com

Mirage Energy Corp develops an integrated natural gas transportation and storage facility in Mexico and the United States. The natural gas will be exported from the United States by pipeline to the Mexican storage unit for later distribution throughout Mexico.

Executives

David Cibrian	director	6 VINTAGE OAKS SAN ANTONIO TX 78248
Alejandro Amelio	director	81 CHELSEA BLVD. HOUSTON TX 77006
Soll Alfred Sussman	director	114 HAZELNUT COURT DRIFTWOOD TX 78619
Michael R Ward	director, 10 percent owner	13707 BLUFF GATE SAN ANTONIO TX 78216
Sadru Karim	10 percent owner	44120 HUNTER TERRACE FREMONT CA 94539
John Dosser	officer: Vice President	21114 LA PENA SAN ANTONIO TX 78258
Patrick Dosser	officer: Vice President	510 CALUMET SAN ANTONIO TX 78209