Wealthcraft Capital (Wealthcraft Capital) Interest Expense : $-0.07 Mil (TTM As of Sep. 2023)

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What is Wealthcraft Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wealthcraft Capital's interest expense for the three months ended in Sep. 2023 was $ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.07 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. Wealthcraft Capital's Operating Income for the three months ended in Sep. 2023 was $ 0.10 Mil. Wealthcraft Capital's Interest Expense for the three months ended in Sep. 2023 was $ -0.05 Mil. Wealthcraft Capital's Interest Coverage for the quarter that ended in Sep. 2023 was 2.15. 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.

Wealthcraft Capital Interest Expense Historical Data

The historical data trend for Wealthcraft Capital'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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Wealthcraft Capital Interest Expense Chart

Wealthcraft Capital Annual Data

Trend

Dec03

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Dec08

Interest Expense

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Wealthcraft Capital Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Sep15	Mar16	Jun16	Sep16	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-	-0.01	-0.02	-0.02	-0.05

Wealthcraft Capital 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 $-0.07 Mil.

Wealthcraft Capital (OTCPK:WCCP) 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.

Wealthcraft Capital's Interest Expense for the three months ended in Sep. 2023 was $-0.05 Mil. Its Operating Income for the three months ended in Sep. 2023 was $0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.00 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	0.099	/	-0.046
	=	2.15

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Wealthcraft Capital Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Wealthcraft Capital (Wealthcraft Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Wealthcraft Capital Inc (OTCPK:WCCP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

300 South Park Avenue, Suite 818, Pomona, CA, USA, 91766

Website

https://www.wealthcraftcapital.com

Wealthcraft Capital Inc operates through its subsidiary which is engaged in providing security services for commercial, retail, and industrial customers, with customized services and special patrol methods applicable to the cannabis industry.

Executives

Li Jenny Xiao Zhen	officer: CFO	ROOM 1005, 10TH FLOOR, 3 ARBUTHNOT ROAD, HONG KONG K3 SAR
Hulleman Curtis Cornelius	director, 10 percent owner, officer: Director and CIO	ROOM 1005, 10TH FLOOR, 3 ARBUTHNOT ROAD, HONG KONG K3 SAR
Tallas Kelly Jay Michael	director, 10 percent owner, officer: President & CEO	ROOM 1005, 10TH FLOOR, 3 ARBUTHNOT ROAD, HONG KONG K3 SAR

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