CTBG (Coil Tubing Technology) Interest Expense : $-0.17 Mil (TTM As of Sep. 2015)

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What is Coil Tubing Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coil Tubing Technology's interest expense for the three months ended in Sep. 2015 was $ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2015 was $-0.17 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. Coil Tubing Technology's Operating Income for the three months ended in Sep. 2015 was $ -1.27 Mil. Coil Tubing Technology's Interest Expense for the three months ended in Sep. 2015 was $ -0.05 Mil. Coil Tubing Technology 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.

Coil Tubing Technology Interest Expense Historical Data

The historical data trend for Coil Tubing Technology'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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Coil Tubing Technology Interest Expense Chart

Coil Tubing Technology Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Interest Expense

-0.03

-0.02

-0.06

Coil Tubing Technology Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Interest Expense	Get a 7-Day Free Trial											-0.01	-0.02	-0.04	-0.06	-0.05

Coil Tubing Technology 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.17 Mil.

Coil Tubing Technology (OTCPK:CTBG) 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.

Coil Tubing Technology's Interest Expense for the three months ended in Sep. 2015 was $-0.05 Mil. Its Operating Income for the three months ended in Sep. 2015 was $-1.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2015 was $5.26 Mil.

Coil Tubing Technology's Interest Coverage for the quarter that ended in Sep. 2015 is calculated as

Coil Tubing Technology did not have earnings to cover the interest expense.

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

Coil Tubing Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coil Tubing Technology Inc (OTCPK:CTBG) » Definitions » Interest Expense

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Address

22305 Gosling Road, Spring, TX, USA, 77389

Website

http://www.coiltubingtechnology.com

Coil Tubing Technology Inc is a United States based company. The firm provides coil tubing products and service solutions to oil and gas clients. It is engaged in the development and marketing of specialty tools and related technical solutions used with coil tubing and jointed pipe in the bottomhole assembly for the exploration and production of hydrocarbons. Its products portfolio includes jet hammer tool, jet nozzle, oscillator, rotating tool, amplidyne, and ampli-max.

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