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

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What is Meganet Interest Expense?

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 Interest Expense Historical Data

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.

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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						-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.

Meganet (OTCPK:MGNT) 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.

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.

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

Meganet (Meganet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Meganet Corp (OTCPK:MGNT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2510 East Sunset Road, Unit 5-777, Las Vegas, NV, USA, 89120

Website

http://www.meganet.com

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.