Magor (TSXV:MCC.H) Interest Expense : C$-1.45 Mil (TTM As of Jul. 2016)

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What is Magor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magor's interest expense for the three months ended in Jul. 2016 was C$ -0.42 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2016 was C$-1.45 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. Magor's Operating Income for the three months ended in Jul. 2016 was C$ -0.84 Mil. Magor's Interest Expense for the three months ended in Jul. 2016 was C$ -0.42 Mil. Magor 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.

Magor Interest Expense Historical Data

The historical data trend for Magor'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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Magor Interest Expense Chart

Magor Annual Data

Trend

Mar10

Mar11

Mar12

Apr13

Apr14

Apr15

Apr16

Interest Expense

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-0.06

-0.31

-0.75

-1.31

Magor Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16
Interest Expense	Get a 7-Day Free Trial															-0.28	-0.30	-0.34	-0.40	-0.42

Magor 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.45 Mil.

Magor (TSXV:MCC.H) 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.

Magor's Interest Expense for the three months ended in Jul. 2016 was C$-0.42 Mil. Its Operating Income for the three months ended in Jul. 2016 was C$-0.84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2016 was C$3.56 Mil.

Magor's Interest Coverage for the quarter that ended in Jul. 2016 is calculated as

Magor did not have earnings to cover the interest expense.

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

Magor (TSXV:MCC.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magor Corp (TSXV:MCC.H) » Definitions » Interest Expense

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Address

350 Terry Fox Drive, Suite 100, Ottawa, ON, CAN, K2K 2W5

Website

http://www.magorcorp.com

Magor Corp is engaged in design, development, and marketing of a visual collaboration software platform that integrates personal computer collaboration, high definition video and wideband audio for the enterprise market. The company provide service as Aerus, is an evolution of its platform to the cloud in delivering video interactions to the enterprise as a service with the capabilities needed to fulfill the promise of new modes for productivity. The Aerus service delivery platform and Aerus technology bring together the benefits of distributed networking and cloud computing to deliver services for high-quality video interactions that support any workflow. The company derives most of its revenue from the sale of hardware and equipment.

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