MLMN (Millennium Prime) Interest Expense: $-0.41 Mil (TTM As of Jun. 2010)


What is Millennium Prime Interest Expense?

Millennium Prime MLMN Interest Expense is $-0.41 Mil as of Jun. 2010.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Millennium Prime's interest expense for the three months ended in Jun. 2010 was $ -0.20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2010 was $-0.41 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. Millennium Prime's Operating Income for the three months ended in Jun. 2010 was $ -32.19 Mil. Millennium Prime's Interest Expense for the three months ended in Jun. 2010 was $ -0.20 Mil. Millennium Prime 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.

Millennium Prime  (OTCPK:MLMN) 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.

Millennium Prime's Interest Expense for the three months ended in Jun. 2010 was $-0.20 Mil. Its Operating Income for the three months ended in Jun. 2010 was $-32.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2010 was $0.00 Mil.

Millennium Prime's Interest Coverage for the quarter that ended in Jun. 2010 is calculated as

Millennium Prime 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.

Millennium Prime Interest Expense Historical Data

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The historical data trend for Millennium Prime'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.

Millennium Prime Interest Expense Chart

Millennium Prime Annual Data
Trend Sep00 Sep01 Sep02 Sep03 Sep04 Sep05 Sep06 Sep07 Sep08 Sep09
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -0.28 -0.30

Millennium Prime Quarterly Data
Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.08 -0.08 -0.08 -0.04 -0.20

Millennium Prime 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. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.41 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 $-0.41 Mil mean?
Millennium Prime (MLMN) has a Interest Expense of $-0.41 Mil as of Jun. 2010. Interest Expense is the amount a company pays on its long-term debt. View historical data on Millennium Prime and its competitors.
Is Millennium Prime's Interest Expense too high?
Millennium Prime's current Interest Expense is $-0.41 Mil.
How does Millennium Prime's Interest Expense compare to MLFB and BTDG?
Millennium Prime's Interest Expense of $-0.41 Mil can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Interest Expense depends on the Beverages - Alcoholic 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 Millennium Prime and its competitors. Millennium Prime's current Interest Expense is $-0.41 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Prime stock overvalued right now?
Millennium Prime (MLMN) has a current Interest Expense of $-0.41 Mil. The current Interest Expense is $-0.41 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 Millennium Prime (MLMN), the current Interest Expense is $-0.41 Mil as of Jun. 2010. 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.

Millennium Prime Business Description

Address 6538 Collins Avenue, Suite 382, Miami Beach, FL, USA, 33141
Millennium Prime Inc develops superior lifestyle innovations for the millennial generation. The company's focus is on marketing products for the beverage, apparel, and entertainment categories, where it can achieve a clear and authentic market position by targeting consumers who live a lifestyle filled with high style, artistic edge, and a demand for the products. Through its subsidiary, the company functions as an importer and distributor of alcohol products, including Bong Spirit's Super Premium Vodka, which has an exclusive bong-shaped bottle.