PTOI (Plastic2Oil) Interest Expense : $-1.29 Mil (TTM As of Sep. 2019)

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What is Plastic2Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Plastic2Oil's interest expense for the three months ended in Sep. 2019 was $ -0.29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2019 was $-1.29 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. Plastic2Oil's Operating Income for the three months ended in Sep. 2019 was $ -0.17 Mil. Plastic2Oil's Interest Expense for the three months ended in Sep. 2019 was $ -0.29 Mil. Plastic2Oil 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.

Plastic2Oil Interest Expense Historical Data

The historical data trend for Plastic2Oil'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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Plastic2Oil Interest Expense Chart

Plastic2Oil Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Interest Expense

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-0.44

-0.62

-0.78

-1.14

-1.16

Plastic2Oil Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Interest Expense	Get a 7-Day Free Trial															-0.25	-0.43	-0.28	-0.29	-0.29

Plastic2Oil 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 Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.29 Mil.

Plastic2Oil (OTCPK:PTOI) 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.

Plastic2Oil's Interest Expense for the three months ended in Sep. 2019 was $-0.29 Mil. Its Operating Income for the three months ended in Sep. 2019 was $-0.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2019 was $0.83 Mil.

Plastic2Oil's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Plastic2Oil did not have earnings to cover the interest expense.

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

Plastic2Oil Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Plastic2Oil Inc (OTCPK:PTOI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Iroquois Street, Niagara Falls, NY, USA, 14303

Website

https://www.plastic2oil.com

Plastic2Oil Inc is a U.S based fuel company which engages in transforming unsorted and unwashed waste plastic into ultra-clean, ultra-low sulphur fuel without the need for refinement in the United States. It uses waste plastic as feedstock to produce Fuel Oil No. 2, naphtha, and Fuel Oil No. 6 for various uses. The company also produces by-products, including an off-gas similar to natural gas and a petcoke carbon residue.

Executives

Luke R Taylor	10 percent owner, other: See Remarks Below	184 THOMPSON ST, APT 2A, NEW YORK NY 10012
Michael B. Dorrell	10 percent owner, other: See Remarks Below	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Trent D Vichie	10 percent owner, other: See Remarks Below	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Duncan D Murdoch	10 percent owner	532 W 22ND ST, APT 2A, NEW YORK NY 10011

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