Machten (Machten) Interest Expense : $ Mil (TTM As of Sep. 2023)

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What is Machten Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Machten's interest expense for the three months ended in Sep. 2023 was $ -0.09 Mil. Machten does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Sep. 2023.

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. Machten's Operating Income for the three months ended in Sep. 2023 was $ 1.55 Mil. Machten's Interest Expense for the three months ended in Sep. 2023 was $ -0.09 Mil. Machten's Interest Coverage for the quarter that ended in Sep. 2023 was 17.65. 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.

Machten Interest Expense Historical Data

The historical data trend for Machten'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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Machten Interest Expense Chart

Machten Annual Data

Trend

Interest Expense

Machten Quarterly Data
	Jun22	Sep22	Jun23	Sep23
Interest Expense	-	-	-	-0.09

Machten Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Machten (OTCPK:MACT) 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.

Machten's Interest Expense for the three months ended in Sep. 2023 was $-0.09 Mil. Its Operating Income for the three months ended in Sep. 2023 was $1.55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.64 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	1.553	/	-0.088
	=	17.65

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

Machten (Machten) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Machten Inc (OTCPK:MACT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1516 Barlow Street, Suite D, Traverse City, MI, USA, 49686

Website

Machten Inc is an integrated provider of voice, broadband, and internet access services. It provides high-speed broadband services, including internet access, through fiber optic facilities, copper-based DSL, fixed wireless facilities, and coaxial cable via cable modems.

Executives

Mario J Gabelli	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Ggcp Holdings Llc	10 percent owner	140 GREENWICH AVENUE, GREENWICH CT 06830
Lict Corp	10 percent owner	401 THEODORE FREMD AVE, RYE NY 10580
Patrick J Hansen	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Stephen J. Moore	officer: Interim CFO	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Katherine Tansey	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Gary L Sugarman	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Philip J. Lombardo	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Daniel M. Miller	director, officer: Chief Executive Officer	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686

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