Optec International (Optec International) Interest Expense : $-1.07 Mil (TTM As of Dec. 2018)

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What is Optec International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Optec International's interest expense for the three months ended in Dec. 2018 was $ -0.53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2018 was $-1.07 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. Optec International's Operating Income for the three months ended in Dec. 2018 was $ -0.07 Mil. Optec International's Interest Expense for the three months ended in Dec. 2018 was $ -0.53 Mil. Optec 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.

Optec International Interest Expense Historical Data

The historical data trend for Optec 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.

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Optec International Interest Expense Chart

Optec International Annual Data

Trend

Jun15

Jun16

Jun17

Interest Expense

Optec International Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Interest Expense	Get a 7-Day Free Trial												-0.05	-0.09	-0.24	-0.21	-0.53

Optec International 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 Dec. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.07 Mil.

Optec International (OTCPK:OPTI) 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.

Optec International's Interest Expense for the three months ended in Dec. 2018 was $-0.53 Mil. Its Operating Income for the three months ended in Dec. 2018 was $-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2018 was $0.00 Mil.

Optec International's Interest Coverage for the quarter that ended in Dec. 2018 is calculated as

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

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

Optec International (Optec International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Optec International Inc (OTCPK:OPTI) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

1385 Park Center Drive, Vista, CA, USA, 92081

Website

https://www.optecintl.com

Optec International Inc is a provider of green technologies for continued reduction of fossil fuel usage, pollution and greenhouse gas emissions. It is engaged in the distribution of Green technologies, the OPTEC Fuel Maximizer and the OPTEC Led Solar lighting systems. The company is also involved in the distribution of Optec UV-C technology Solutions, PPE and related healthcare products. Its OPTEC Fuel Maximizer products is a patented plug-in-play aftermarket automotive device.