eFleets (eFleets) Interest Expense : $-0.50 Mil (TTM As of Jun. 2014)

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What is eFleets Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. eFleets's interest expense for the three months ended in Jun. 2014 was $ -0.18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2014 was $-0.50 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. eFleets's Operating Income for the three months ended in Jun. 2014 was $ -1.06 Mil. eFleets's Interest Expense for the three months ended in Jun. 2014 was $ -0.18 Mil. eFleets 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.

eFleets Interest Expense Historical Data

The historical data trend for eFleets'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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eFleets Interest Expense Chart

eFleets Annual Data

Trend

May09

May10

May11

May12

Dec13

Interest Expense

-0.35

eFleets Quarterly Data
	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	Jun13	Sep13	Dec13	Mar14	Jun14
Interest Expense	Get a 7-Day Free Trial															-0.08	-0.08	-0.12	-0.12	-0.18

eFleets 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 Jun. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.50 Mil.

eFleets (GREY:EFLT) 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.

eFleets's Interest Expense for the three months ended in Jun. 2014 was $-0.18 Mil. Its Operating Income for the three months ended in Jun. 2014 was $-1.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2014 was $2.01 Mil.

eFleets's Interest Coverage for the quarter that ended in Jun. 2014 is calculated as

eFleets did not have earnings to cover the interest expense.

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

eFleets (eFleets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » eFleets Corp (GREY:EFLT) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

7660 Pebble Drive, Fort Worth, TX, USA, 76118

Website

eFleets Corp is focused on the design, development and manufacturing of an all-electric fleet vehicle for the essential services market. The company's all-electric vehicles are designed for use in traffic control/parking enforcement, security, small package delivery, military, maintenance, airport services, warehouses, and other comparable utility application. Its electric vehicles offer a zero-emission, high performance, low-maintenance and affordable alternative to specifically meet the needs of fleet vehicles in the essential services market. The company is focused on developing technology for its battery management and integrated drive system, which maximizes energy efficiency to satisfy the needs of its customers.

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