RIT Technologies (RIT Technologies) Interest Expense : $-0.09 Mil (TTM As of Sep. 2015)

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What is RIT Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RIT Technologies's interest expense for the three months ended in Sep. 2015 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2015 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. RIT Technologies's Operating Income for the three months ended in Sep. 2015 was $ -0.12 Mil. RIT Technologies's Interest Expense for the three months ended in Sep. 2015 was $ -0.02 Mil. RIT Technologies 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.

RIT Technologies Interest Expense Historical Data

The historical data trend for RIT Technologies'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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RIT Technologies Interest Expense Chart

RIT Technologies Annual Data

Trend

Dec05

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Interest Expense

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-0.07

-0.10

-0.12

-0.07

RIT Technologies Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Interest Expense	Get a 7-Day Free Trial															-	-0.02	-0.02	-0.03	-0.02

RIT Technologies 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.09 Mil.

RIT Technologies (OTCPK:RITT) 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.

RIT Technologies's Interest Expense for the three months ended in Sep. 2015 was $-0.02 Mil. Its Operating Income for the three months ended in Sep. 2015 was $-0.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2015 was $3.00 Mil.

RIT Technologies's Interest Coverage for the quarter that ended in Sep. 2015 is calculated as

RIT Technologies did not have earnings to cover the interest expense.

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

RIT Technologies (RIT Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » RIT Technologies Ltd (OTCPK:RITT) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

24 Raoul Wallenberg Street, Tel Aviv, ISR, 69719

Website

http://www.rittech.com

RIT Technologies Ltd provides Intelligent Infrastructure Management solutions and develops indoor optical wireless technology solutions. The company's products include PatchView that provides security and network utilization for data centers, communication rooms and work space environments; and Beamcaster that provides IWON technology solutions mainly for open-space offices. Its Intelligent Infrastructure Management solutions are deployed in various organizations including data centers in the private sector, government agencies, financial institutions, airport authorities, healthcare and education institutions.

Executives

Marxe Austin W & Greenhouse David M

10 percent owner

C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022

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