SMG Industries (SMG Industries) Interest Expense

: $-8.16 Mil (TTM As of Sep. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SMG Industries's interest expense for the three months ended in Sep. 2023 was $ -1.29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-8.16 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. SMG Industries's Operating Income for the three months ended in Sep. 2023 was $ -2.89 Mil. SMG Industries's Interest Expense for the three months ended in Sep. 2023 was $ -1.29 Mil. SMG Industries 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.

SMG Industries Interest Expense Historical Data

The historical data trend for SMG Industries'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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SMG Industries Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

-0.31

-0.57

-3.80

-7.62

-9.43

SMG Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense																-2.64	-2.00	-2.90	-1.97	-1.29

SMG Industries 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 $-8.16 Mil.

SMG Industries (OTCPK:SMGI) 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.

SMG Industries's Interest Expense for the three months ended in Sep. 2023 was $-1.29 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-2.89 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $4.79 Mil.

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

SMG Industries did not have earnings to cover the interest expense.

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

SMG Industries (SMG Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SMG Industries Inc (OTCPK:SMGI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

State Hwy 249, Suite 450, Houston, TX, USA, 77070

Website

https://www.SMGIndustries.com

SMG Industries Inc is an oilfield service company that is a growth-oriented midstream, logistics, and oilfield services company that operates throughout the domestic Southwest United States. It offers an expanding suite of products and services across the oilfield market segments of drilling, completion, and production.

Executives

Timothy W Barnhart	director, officer: Chief Financial Officer	9251 WEST MAIN ROAD, NORTH EAST PA 16428
Bryan S Barnhart	director, officer: Chief Executive Officer	9251 WEST MAIN ROAD, NORTH EAST PA 16428
Wilson Newton W Iii	director, 10 percent owner	C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Frye James E. Jr.	director, 10 percent owner	4090 N. HWY US 79, PALESTINE TX 75801
Newton W. Dorsett	director	220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101
Brady E. Crosswell	director, 10 percent owner	902 WILD VALLEY ROAD, HOUSTON TX 77057
Steven H Madden	10 percent owner	9821 KATY FWY, STE 880, APEX HERITAGE GROUP, HOUSTON TX 77024
Allen Ray Parrott	officer: Chief Financial Officer	10626 SHELDON ROAD, HOUSTON TX 77044
Jeffrey Ralph Martini	officer: Chief Executive Officer	18226 MEMORIAL SPRINGS CT., TOMBALL TX 77375
Joseph L Page	director	8523 OLD QUARRY DR, SUGAR LAND TX 77479
Matthew C Flemming	director, officer: President, CEO and Chairman	18614 RESICA FALLS, HOUSTON TX 77094
Stephen Christian	officer: Executive Vice President	710 N. POST ROAD, SUITE 400, HOUSTON TX 77024
Robert Michael Villarreal	director	710 N POST OAK ROAD, SUITE 315, HOUSTON TX 77024
George W Gilman	10 percent owner	710 N. POST OAK RD., SUITE 400, HOUSTON TX 77024
Gilbert Michael A. Ii	director	851 WYCLIFFE DRIVE, HOUSTON TX 77079