Favo Capital (Favo Capital) Interest Expense : $-1.43 Mil (TTM As of Sep. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Favo Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Favo Capital's interest expense for the three months ended in Sep. 2023 was $ -1.43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.43 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. Favo Capital's Operating Income for the three months ended in Sep. 2023 was $ -1.06 Mil. Favo Capital's Interest Expense for the three months ended in Sep. 2023 was $ -1.43 Mil. Favo Capital 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.

Favo Capital Interest Expense Historical Data

The historical data trend for Favo Capital'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.

* Premium members only.

Favo Capital Interest Expense Chart

Favo Capital Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Interest Expense

Get a 7-Day Free Trial

-0.03

-0.02

-0.01

Favo Capital Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Sep22	Sep23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-0.13	-1.43

Favo Capital 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 $-1.43 Mil.

Favo Capital (OTCPK:FAVO) 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.

Favo Capital's Interest Expense for the three months ended in Sep. 2023 was $-1.43 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-1.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $31.36 Mil.

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

Favo Capital did not have earnings to cover the interest expense.

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

Favo Capital (Favo Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Favo Capital Inc (OTCPK:FAVO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1025 Old Country Road, Suite 421, Westbury, NY, USA, 11590

Website

https://www.favocap.com

Favo Capital Inc is a direct funding company, which provides customized, short-term funding to small and mid-sized businesses nationwide. The company is also engaged in the real estate holdings division.