Auscrete (Auscrete) Interest Expense : $-0.19 Mil (TTM As of Mar. 2023)

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What is Auscrete Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Auscrete's interest expense for the three months ended in Mar. 2023 was $ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-0.19 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. Auscrete's Operating Income for the three months ended in Mar. 2023 was $ -0.09 Mil. Auscrete's Interest Expense for the three months ended in Mar. 2023 was $ -0.03 Mil. Auscrete 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.

Auscrete Interest Expense Historical Data

The historical data trend for Auscrete'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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Auscrete Interest Expense Chart

Auscrete Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.12

-0.23

-0.19

-0.12

-0.21

Auscrete Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-0.05	-0.05	-0.04	-0.07	-0.03

Auscrete 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.19 Mil.

Auscrete (OTCPK:ASCK) 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.

Auscrete's Interest Expense for the three months ended in Mar. 2023 was $-0.03 Mil. Its Operating Income for the three months ended in Mar. 2023 was $-0.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $0.00 Mil.

Auscrete's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Auscrete did not have earnings to cover the interest expense.

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

Auscrete (Auscrete) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Auscrete Corp (OTCPK:ASCK) » Definitions » Interest Expense

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Address

49 John Day Dam Road, Goldendale, WA, USA, 98920

Website

https://www.auscretehomes.com

Auscrete Corp is involved in technologies developed for the construction of housing. It focuses on operating as a supplier in the housing market. It utilizes its lightweight concrete technologies in the construction of housing, as well as commercial structures. Its product portfolio includes residential housing, commercial structures, and buildings in general. It specializes in concrete construction products such as cement and sand.