Dream Homes & Development (Dream Homes & Development) Interest Expense : $-0.12 Mil (TTM As of Sep. 2023)

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What is Dream Homes & Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dream Homes & Development's interest expense for the three months ended in Sep. 2023 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.12 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. Dream Homes & Development's Operating Income for the three months ended in Sep. 2023 was $ 0.54 Mil. Dream Homes & Development's Interest Expense for the three months ended in Sep. 2023 was $ -0.02 Mil. Dream Homes & Development's Interest Coverage for the quarter that ended in Sep. 2023 was 27.15. 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.

Dream Homes & Development Interest Expense Historical Data

The historical data trend for Dream Homes & Development'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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Dream Homes & Development Interest Expense Chart

Dream Homes & Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.01

-0.03

-0.12

-0.10

Dream Homes & Development Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.03	-0.02	-0.06	-0.03	-0.02

Dream Homes & Development 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 $-0.12 Mil.

Dream Homes & Development (OTCPK:DREM) 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.

Dream Homes & Development's Interest Expense for the three months ended in Sep. 2023 was $-0.02 Mil. Its Operating Income for the three months ended in Sep. 2023 was $0.54 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $5.82 Mil.

Dream Homes & Development'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	*	0.543	/	-0.02
	=	27.15

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

Dream Homes & Development (Dream Homes & Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Dream Homes & Development Corp (OTCPK:DREM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

314 South Main Street, Forked River, NJ, USA, 08731

Website

https://www.dreamhomesltd.com

Dream Homes & Development Corp is engaged in the residential construction business in the United States. The company undertakes single-family construction, holiday homes, apartments, renovation, and home elevation projects. The company also provides educational videos and short books on construction and rebuilding topics.

Executives

Roger Fidler

director, officer: President

400 GROVE STREET, GLEN ROCK NJ 07452