Atlas Pearls (Atlas Pearls) Interest Expense : $-0.01 Mil (TTM As of Dec. 2023)

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What is Atlas Pearls Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Atlas Pearls's interest expense for the six months ended in Dec. 2023 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.01 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. Atlas Pearls's Operating Income for the six months ended in Dec. 2023 was $ 16.92 Mil. Atlas Pearls's Interest Expense for the six months ended in Dec. 2023 was $ -0.01 Mil. Atlas Pearls's Interest Coverage for the quarter that ended in Dec. 2023 was 1,301.85. 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.

Atlas Pearls Interest Expense Historical Data

The historical data trend for Atlas Pearls'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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Atlas Pearls Interest Expense Chart

Atlas Pearls Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.26

-0.24

-0.32

-0.16

-0.04

Atlas Pearls Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.12	-0.05	-0.05	0.01	-0.01

Atlas Pearls 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.01 Mil.

Atlas Pearls (OTCPK:APCFF) 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.

Atlas Pearls's Interest Expense for the six months ended in Dec. 2023 was $-0.01 Mil. Its Operating Income for the six months ended in Dec. 2023 was $16.92 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $0.05 Mil.

Atlas Pearls's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	16.924	/	-0.013
	=	1,301.85

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Atlas Pearls Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Atlas Pearls (Atlas Pearls) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Atlas Pearls Ltd (OTCPK:APCFF) » Definitions » Interest Expense

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ATP:Australia

Address

26 Railway Road, Subiaco, Perth, WA, AUS, 6008

Website

https://www.atlaspearls.com.au

Atlas Pearls Ltd is engaged in producing south sea pearls, with farming operations throughout Indonesia, and retail stores in Perth and Bali. The operating segments of the company are Loose pearls in Australia and Indonesia. The company derives a majority of its revenue from Loose pearls in Australia.

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