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Profire Energy (Profire Energy) Interest Expense : $-0.01 Mil (TTM As of Mar. 2024)


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What is Profire Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Profire Energy's interest expense for the three months ended in Mar. 2024 was $ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.01 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. Profire Energy's Operating Income for the three months ended in Mar. 2024 was $ 1.74 Mil. Profire Energy's Interest Expense for the three months ended in Mar. 2024 was $ -0.00 Mil. Profire Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 579.00. 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.


Profire Energy Interest Expense Historical Data

The historical data trend for Profire Energy'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.

* Premium members only.

Profire Energy Interest Expense Chart

Profire Energy Annual Data
Trend Mar14 Mar15 Mar16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - -0.02 -0.01

Profire Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Profire Energy 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.01 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.


Profire Energy  (NAS:PFIE) 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.

Profire Energy's Interest Expense for the three months ended in Mar. 2024 was $-0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1.74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.28 Mil.

Profire Energy's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*1.737/-0.003
=579.00

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Profire Energy Inc has enough cash to cover all of its debt. Its financial situation is stable.


Profire Energy (Profire Energy) Business Description

Traded in Other Exchanges
Address
321 South 1250 West, Suite 1, Lindon, UT, USA, 84042
Profire Energy Inc is an oilfield technology company operating in the United States. It is engaged in the business of developing combustion management technologies for the oil and gas industry. The company specializes in the creation of burner-management systems, used on a variety of oilfield natural-draft fire tube vessels. In addition to the burner-management systems, the company also sell complementary oilfield products to its customer. Geographically, the company divides its business into two business unit namely the United States and Canada and majority of its revenue comes from the United States.
Executives
Harold Albert 10 percent owner, officer: Chief Operating Officer BAY 12, 55 ALBERTA AVE, SPRUCE GROVE A0 T7X 3A6
Bell Colleen Larkin director 333 S STATE STREET, SALT LAKE CITY UT 84145-0433
Patrick David Fisher officer: VP of Product Development 321 SOUTH 1250 WEST, LINDON UT 84042
Brenton W Hatch 10 percent owner, officer: Chief Executive Officer BAY 12, 55 ALBERTA AVE, SPRUCE GROVE A0 T7X 3A6
Cameron M. Tidball officer: CBDO 321 SOUTH 1250 WEST SUITE 1, LINDON UT 84042
Jay Grant Fugal officer: VP of Operations 321 SOUTH 1250 WEST, SUITE 1, LINDON UT 84042
Daren Shaw director 27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Ronald R Spoehel director 12015 LEE JACKSON HIGHWAY, FAIRFAX VA 22033
Ryan W Oviatt officer: Chief Financial Officer 321 SOUTH 1250 WEST SUITE 1, LINDON UT 84042
Stephen E Pirnat director 4728 EAST 98TH STREET, TULSA OK 74137
Crouch Arlen director 2566 BARCELONA DRIVE, SANDY UT 84093
Andrew Limpert director, 10 percent owner, officer: Interim CEO & CFO 1245 BRICKYARD ROAD, SUITE 590, SALT LAKE CITY UT 84106
Mike Carroll director, 10 percent owner, officer: CEO, CFO & President 408 BREWSTER LANE, SAINT SIMONS ISLAND GA 21522
Joel Arline director 1606 REYNOLDS STREET, BRUNSWICK GA 31520

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