Location Based Technologies (Location Based Technologies) Interest Expense : $-1.35 Mil (TTM As of May. 2015)

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What is Location Based Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Location Based Technologies's interest expense for the three months ended in May. 2015 was $ -0.33 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2015 was $-1.35 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. Location Based Technologies's Operating Income for the three months ended in May. 2015 was $ -0.43 Mil. Location Based Technologies's Interest Expense for the three months ended in May. 2015 was $ -0.33 Mil. Location Based 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.

Location Based Technologies Interest Expense Historical Data

The historical data trend for Location Based 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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Location Based Technologies Interest Expense Chart

Location Based Technologies Annual Data

Trend

Aug06

Aug07

Aug08

Aug09

Aug10

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Aug12

Aug13

Aug14

Interest Expense

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-0.32

-3.53

-0.73

-0.96

-1.19

Location Based Technologies Quarterly Data
	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15
Interest Expense	Get a 7-Day Free Trial															-0.31	-0.31	-0.39	-0.33	-0.33

Location Based 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 May. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.35 Mil.

Location Based Technologies (OTCPK:LBAS) 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.

Location Based Technologies's Interest Expense for the three months ended in May. 2015 was $-0.33 Mil. Its Operating Income for the three months ended in May. 2015 was $-0.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2015 was $1.29 Mil.

Location Based Technologies's Interest Coverage for the quarter that ended in May. 2015 is calculated as

Location Based Technologies did not have earnings to cover the interest expense.

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

Location Based Technologies (Location Based Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Location Based Technologies Inc (OTCPK:LBAS) » Definitions » Interest Expense

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Address

7545 Irvine Center Drive, Suite 200, Irvine, CA, USA, 92618

Website

https://www.locationbasedtech.com

Location Based Technologies Inc is engaged in supplying fleet trackers, a small, affordable, fully sealed vehicle tracking system (combined GPS, wireless, and WiFi technology) designed to track and display vehicles and other mobile assets on the go. It is designed to be quickly installed and features easy-to-use user interfaces, including browser and apps. Its product offering includes PocketFinder. The company generates revenue from Device Sales and Services.

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