Wavefront Technology Solutions (Wavefront Technology Solutions) Interest Expense : $-0.02 Mil (TTM As of May. 2022)

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What is Wavefront Technology Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wavefront Technology Solutions's interest expense for the three months ended in May. 2022 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2022 was $-0.02 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. Wavefront Technology Solutions's Operating Income for the three months ended in May. 2022 was $ -0.38 Mil. Wavefront Technology Solutions's Interest Expense for the three months ended in May. 2022 was $ -0.01 Mil. Wavefront Technology Solutions 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.

Wavefront Technology Solutions Interest Expense Historical Data

The historical data trend for Wavefront Technology Solutions'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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Wavefront Technology Solutions Interest Expense Chart

Wavefront Technology Solutions Annual Data

Trend

Aug12

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Aug21

Interest Expense

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-0.02

-0.01

Wavefront Technology Solutions Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.01	-0.01

Wavefront Technology Solutions 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 May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.02 Mil.

Wavefront Technology Solutions (OTCPK:WFTSF) 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.

Wavefront Technology Solutions's Interest Expense for the three months ended in May. 2022 was $-0.01 Mil. Its Operating Income for the three months ended in May. 2022 was $-0.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2022 was $0.25 Mil.

Wavefront Technology Solutions's Interest Coverage for the quarter that ended in May. 2022 is calculated as

Wavefront Technology Solutions did not have earnings to cover the interest expense.

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

Wavefront Technology Solutions (Wavefront Technology Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wavefront Technology Solutions Inc (OTCPK:WFTSF) » Definitions » Interest Expense

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Address

70 Street North West, Suite 5621, Edmonton, AB, CAN, T6B 3P6

Website

https://www.onthewavefront.com

Wavefront Technology Solutions Inc is a technology company providing solutions to oil and gas exploration and production companies to maximize oil and gas production. It has two processes namely the Powerwave process which is an injection technology that improves the flow of fluids in geological materials including sedimentary soils and fractured rock, and Primawave process which is an effective method for aiding in-situ (in-ground) environmental groundwater remediation clean-up strategies in contaminated sites. Geographically it earns key revenue from the Middle East.