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Prospect Capital Corp  (NAS:PSEC) Interest Expense: $-154.7 Mil (TTM As of Mar. 2019)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prospect Capital Corp's interest expense for the three months ended in Mar. 2019 was $ -38.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2019 was $-154.7 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. Prospect Capital Corp's Operating Income for the three months ended in Mar. 2019 was $ 0.0 Mil. Prospect Capital Corp's Interest Expense for the three months ended in Mar. 2019 was $ -38.9 Mil. Prospect Capital Corp 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.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Prospect Capital Corp Annual Data

Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -130.10 -170.66 -167.72 -164.85 -155.04

Prospect Capital Corp Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -37.48 -37.18 -37.91 -40.66 -38.95

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 Mar. 2019 was -37.178 (Jun. 2018 ) + -37.908 (Sep. 2018 ) + -40.656 (Dec. 2018 ) + -38.946 (Mar. 2019 ) = $-154.7 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Prospect Capital Corp's Interest Expense for the three months ended in Mar. 2019 was $-38.9 Mil. Its Operating Income for the three months ended in Mar. 2019 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2019 was $2,380.6 Mil.

Prospect Capital Corp's Interest Coverage for the quarter that ended in Mar. 2019 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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


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