PSYC (PSYC) Interest Expense : $-0.17 Mil (TTM As of Sep. 2023)

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What is PSYC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PSYC's interest expense for the three months ended in Sep. 2023 was $ -0.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.17 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. PSYC's Operating Income for the three months ended in Sep. 2023 was $ -0.23 Mil. PSYC's Interest Expense for the three months ended in Sep. 2023 was $ -0.17 Mil. PSYC 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.

PSYC Interest Expense Historical Data

The historical data trend for PSYC'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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PSYC Interest Expense Chart

PSYC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec16

Interest Expense

-0.02

-0.76

-2.16

-0.66

PSYC Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Dec14	Mar15	Jun15	Sep15	Mar16	Jun16	Sep16	Dec16	Jun17	Sep22	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.13	-0.22	-0.21	-0.18	-0.17

PSYC 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.17 Mil.

PSYC (OTCPK:PSYC) 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.

PSYC's Interest Expense for the three months ended in Sep. 2023 was $-0.17 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.23 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.15 Mil.

PSYC's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

PSYC did not have earnings to cover the interest expense.

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

PSYC (PSYC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » PSYC Corp (OTCPK:PSYC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

2881 South Valley View Boulevard, Suite 9, Las Vegas, NV, USA, 89102

Website

https://www.psyccorporation.com

PSYC Corp is a media-focused company serving the expanding industry and community of medicinal psychedelics. Through its media platform, Psychedelic Spotlight, the company has positioned itself right at the very core of the psychedelics renaissance. Technical420 is also one such platform that provides information and analysis on public and private companies. These platforms provide the Company with an opportunity to dominate the intersection of cannabis and psychedelics as a media leader. Along with its subsidiary, the group offers public relations and media-focused services to companies within the medicinal psychedelics industry and other niche industries that includes cannabis, health, and wellness, and sports, among others.