Ozop Energy Solutions (Ozop Energy Solutions) Interest Expense : $-4.35 Mil (TTM As of Dec. 2023)

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What is Ozop Energy Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ozop Energy Solutions's interest expense for the three months ended in Dec. 2023 was $ -1.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.35 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. Ozop Energy Solutions's Operating Income for the three months ended in Dec. 2023 was $ -1.53 Mil. Ozop Energy Solutions's Interest Expense for the three months ended in Dec. 2023 was $ -1.05 Mil. Ozop Energy Solutions 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.

Ozop Energy Solutions Interest Expense Historical Data

The historical data trend for Ozop Energy Solutions'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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Ozop Energy Solutions Interest Expense Chart

Ozop Energy Solutions Annual Data

Trend

Apr16

Apr17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.06

-3.41

-53.21

-8.44

-4.35

Ozop Energy Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.63	-1.22	-1.04	-1.04	-1.05

Ozop Energy Solutions 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.35 Mil.

Ozop Energy Solutions (OTCPK:OZSC) 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.

Ozop Energy Solutions's Interest Expense for the three months ended in Dec. 2023 was $-1.05 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-1.53 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.52 Mil.

Ozop Energy Solutions's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Ozop Energy Solutions did not have earnings to cover the interest expense.

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

Ozop Energy Solutions (Ozop Energy Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ozop Energy Solutions Inc (OTCPK:OZSC) » Definitions » Interest Expense

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Address

55 Ronald Reagan Boulevard, Warwick, NY, USA, 10990

Website

https://www.ozopenergy.com

Ozop Energy Solutions Inc is engaged in the renewable, electric vehicle, energy storage, and energy resiliency sectors. The company invents, designs, develops, manufactures, and distributes ultra-high power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. The components it distributes include PV panels, solar inverters, solar mounting systems, stationary batteries, onsite generators, and other associated electrical equipment and components that are all manufactured by multiple companies, both domestic and international.

Executives

Thomas J Mcleer	officer: Chief Operating Officer	20 BLUE HORIZON, LAGUNA NIGUEL CA 92677
Michael D Chermak	director, 10 percent owner, officer: CEO
Barry S Hollander	officer: CFO	319 CLEMATIS ST, SUITE 812, WEST PALM BEACH FL 33401
Salman J Chaudhry	director, officer: COO
Eric Siu	director, 10 percent owner	319 CLEMATIS STREET, SUITE 714, WEST PALM BEACH FL 33401
Rwo Medical Consulting Llc	10 percent owner	5227 W ADAMS AVE, #401, TEMPLE TX 76502