MCIC (MultiCorp International) Interest Expense: $ Mil (TTM As of Sep. 2023)

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What is MultiCorp International Interest Expense?

MultiCorp International MCIC Interest Expense is $ Mil as of Sep. 2023.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MultiCorp International's interest expense for the three months ended in Sep. 2023 was $ -0.00 Mil. MultiCorp International 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. MultiCorp International's Operating Income for the three months ended in Sep. 2023 was $ -0.01 Mil. MultiCorp International's Interest Expense for the three months ended in Sep. 2023 was $ -0.00 Mil. MultiCorp International 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.

MultiCorp International  (OTCPK:MCIC) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MultiCorp International's Interest Expense for the three months ended in Sep. 2023 was $-0.00 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.35 Mil.

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

MultiCorp International did not have earnings to cover the interest expense.

* 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.

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

MultiCorp International Interest Expense Historical Data

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The historical data trend for MultiCorp International'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.

MultiCorp International Interest Expense Chart

MultiCorp International Annual Data
Trend
Interest Expense

MultiCorp International Quarterly Data
Jun21 Jun22 Sep22 Sep23
Interest Expense 0.00 -0.00 -0.00 -0.00

MultiCorp International Interest Expense Calculation

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

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $ Mil mean?
MultiCorp International (MCIC) has a Interest Expense of $ Mil as of Sep. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on MultiCorp International and its competitors.
Is MultiCorp International's Interest Expense too high?
MultiCorp International's current Interest Expense is $ Mil.
How does MultiCorp International's Interest Expense compare to GPFT and KGKG?
MultiCorp International's Interest Expense of $ Mil can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Drug Manufacturers company?
A good Interest Expense depends on the Drug Manufacturers industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on MultiCorp International and its competitors. MultiCorp International's current Interest Expense is $ Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MultiCorp International stock overvalued right now?
MultiCorp International (MCIC) has a current Interest Expense of $ Mil. The current Interest Expense is $ Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For MultiCorp International (MCIC), the current Interest Expense is $ Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

MultiCorp International Business Description

Address 5308 Derry Avenue, Suite R, Agoura Hills, CA, USA, 91301
MultiCorp International Inc buys and sells nitrile medically approved gloves and other PPE supplies to include gowns, masks and other items for the medical industry. The company is currently working on a medical app that will assist in monitoring potential life threatening scenarios.