MGAG (Mortgage Oil) Interest Expense: $0.00 Mil (TTM As of Jun. 2023)

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MGAG Mortgage Oil Corp MGAG
12 GF Score
Price $280.00
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What is Mortgage Oil Interest Expense?

Mortgage Oil MGAG 12 Interest Expense is $0.00 Mil as of Jun. 2023. GuruFocus rates MGAG with a GF Score™ of 12/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mortgage Oil's interest expense for the three months ended in Jun. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $0.00 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. Mortgage Oil's Operating Income for the three months ended in Jun. 2023 was $ 0.16 Mil. Mortgage Oil's Interest Expense for the three months ended in Jun. 2023 was $ 0.00 Mil. Mortgage Oil has no long-term debt (1). 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Mortgage Oil  (OTCPK:MGAG) 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.

Mortgage Oil's Interest Expense for the three months ended in Jun. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Jun. 2023 was $0.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was $0.00 Mil.

Mortgage Oil's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Mortgage Oil had no long-term debt (1).

* 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.

Mortgage Oil Interest Expense Historical Data

* Premium members only.

The historical data trend for Mortgage Oil'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.

Mortgage Oil Interest Expense Chart

Mortgage Oil Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Interest Expense
0.00 0.00 0.00 0.00

Mortgage Oil Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
MGAG
12GF Score
Mortgage Oil Corp MGAG
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Mortgage Oil 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $0.00 Mil mean?
Mortgage Oil (MGAG) has a Interest Expense of $0.00 Mil as of Jun. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on Mortgage Oil and its competitors.
Is Mortgage Oil's Interest Expense too high?
Mortgage Oil's current Interest Expense is $0.00 Mil. Overall, Mortgage Oil has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Mortgage Oil's Interest Expense compare to AOXY and PACQF?
Mortgage Oil's Interest Expense of $0.00 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Interest Expense depends on the Real Estate 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 Mortgage Oil and its competitors. Mortgage Oil's current Interest Expense is $0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mortgage Oil stock overvalued right now?
Mortgage Oil (MGAG) has a current Interest Expense of $0.00 Mil. The current Interest Expense is $0.00 Mil. Mortgage Oil's overall GF Score™ is 12/100. 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 Mortgage Oil (MGAG), the current Interest Expense is $0.00 Mil as of Jun. 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.

Mortgage Oil Business Description

Address 400 South Hope Street, Suite 1100, Los Angeles, CA, USA, 90071
Mortgage Oil Corp invests in limited partnerships and limited liability companies owning multi-family residential apartment complexes and industrial real estate in the United States. The organization also invests in limited liability companies owning private equity investments.
12GF Score

Get the complete analysis for MGAG

Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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