MGNT (Meganet) Interest Expense: $-0.08 Mil (TTM As of Jun. 2017)


What is Meganet Interest Expense?

Meganet MGNT +1.76% Interest Expense is $-0.08 Mil as of Jun. 2017.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meganet's interest expense for the three months ended in Jun. 2017 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2017 was $-0.08 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. Meganet's Operating Income for the three months ended in Jun. 2017 was $ -0.07 Mil. Meganet's Interest Expense for the three months ended in Jun. 2017 was $ -0.02 Mil. Meganet 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.

Meganet  (OTCPK:MGNT) 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.

Meganet's Interest Expense for the three months ended in Jun. 2017 was $-0.02 Mil. Its Operating Income for the three months ended in Jun. 2017 was $-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2017 was $0.00 Mil.

Meganet's Interest Coverage for the quarter that ended in Jun. 2017 is calculated as

Meganet 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.

Meganet Interest Expense Historical Data

* Premium members only.

The historical data trend for Meganet'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.

Meganet Interest Expense Chart

Meganet Annual Data
Trend Mar15 Mar16 Mar17
Interest Expense
-0.06 -0.07 -0.08

Meganet Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.02 -0.02 -0.02 -0.02 -0.02

Meganet 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. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.08 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 $-0.08 Mil mean?
Meganet (MGNT) has a Interest Expense of $-0.08 Mil as of Jun. 2017. Interest Expense is the amount a company pays on its long-term debt. View historical data on Meganet and its competitors.
Is Meganet's Interest Expense too high?
Meganet's current Interest Expense is $-0.08 Mil.
How does Meganet's Interest Expense compare to HDVW and UUU?
Meganet's Interest Expense of $-0.08 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Interest Expense depends on the Business Services 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 Meganet and its competitors. Meganet's current Interest Expense is $-0.08 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meganet stock overvalued right now?
Meganet (MGNT) has a current Interest Expense of $-0.08 Mil. The current Interest Expense is $-0.08 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 Meganet (MGNT), the current Interest Expense is $-0.08 Mil as of Jun. 2017. 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.

Meganet Business Description

Address 2510 East Sunset Road, Unit 5-777, Las Vegas, NV, USA, 89120
Meganet Corp is focused on the development of data security solutions for enterprises, organizations, and corporations around the globe, including the United States Department of Defense, Military Intelligence, and the Federal Government. The company's data security solutions include an encryption algorithm. It out-sources the manufacture of its counter-IED products, including bomb jammers, dismounted backpack portable jammers, and facility jammers. The company also develops and sells cell phones, satellites, and wireless interceptors. Other data security solutions include encrypted cell phones, landlines, faxes, radios, and satellites.