AdvanceTC (AdvanceTC) Interest Expense : $0.00 Mil (TTM As of Jun. 2022)

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What is AdvanceTC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AdvanceTC's interest expense for the six months ended in Jun. 2022 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2022 was $0.00 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. AdvanceTC's Operating Income for the six months ended in Jun. 2022 was $ -0.51 Mil. AdvanceTC's Interest Expense for the six months ended in Jun. 2022 was $ 0.00 Mil. AdvanceTC has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

AdvanceTC Interest Expense Historical Data

The historical data trend for AdvanceTC'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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AdvanceTC Interest Expense Chart

AdvanceTC Annual Data

Trend

Dec20

Dec21

Interest Expense

AdvanceTC Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22
Interest Expense	-	-	-	-	-

AdvanceTC 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 Jun. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.00 Mil.

AdvanceTC (OTCPK:ATCLF) 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.

AdvanceTC's Interest Expense for the six months ended in Jun. 2022 was $0.00 Mil. Its Operating Income for the six months ended in Jun. 2022 was $-0.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2022 was $0.00 Mil.

AdvanceTC's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

AdvanceTC had no long-term debt ⁽¹⁾.

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

AdvanceTC (AdvanceTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AdvanceTC Ltd (OTCPK:ATCLF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

210 George Street, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.advancetc.com

AdvanceTC Ltd is engaged in the design, development and commercialisation of high tech mobile wireless computing and telecommunication devices. It is the creator of the MAGIC brand of mobile computing devices and operates development facilities in Malaysia including its proprietary software and applications services.