HLRTF (Hillcrest Energy Technologies) Interest Expense : $-0.03 Mil (TTM As of Sep. 2024)

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What is Hillcrest Energy Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hillcrest Energy Technologies's interest expense for the three months ended in Sep. 2024 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.03 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. Hillcrest Energy Technologies's Operating Income for the three months ended in Sep. 2024 was $ -1.65 Mil. Hillcrest Energy Technologies's Interest Expense for the three months ended in Sep. 2024 was $ -0.01 Mil. Hillcrest Energy Technologies 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.

Hillcrest Energy Technologies Interest Expense Historical Data

The historical data trend for Hillcrest Energy Technologies'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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Hillcrest Energy Technologies Interest Expense Chart

Hillcrest Energy Technologies Annual Data

Trend

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Interest Expense

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-0.25

-0.10

-0.02

-0.01

Hillcrest Energy Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-	-0.01	-0.01	-0.01	-0.01

Hillcrest Energy Technologies 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.03 Mil.

Hillcrest Energy Technologies (OTCPK:HLRTF) 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.

Hillcrest Energy Technologies's Interest Expense for the three months ended in Sep. 2024 was $-0.01 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-1.65 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.12 Mil.

Hillcrest Energy Technologies's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Hillcrest Energy Technologies did not have earnings to cover the interest expense.

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

Hillcrest Energy Technologies Business Description

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7HI:Germany HEAT:Canada

Address

1040 West Georgia Street, Suite 1170, Vancouver, BC, CAN, V6E 4H1

Website

https://www.hillcrestenergy.tech

Hillcrest Energy Technologies Ltd is a clean technology company focused on providing power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future.