POOSF (Poseidon Concepts) Interest Expense: $-2.4 Mil (TTM As of Sep. 2012)

What is Poseidon Concepts Interest Expense?

Poseidon Concepts POOSF -90.00% Interest Expense is $-2.4 Mil as of Sep. 2012.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Poseidon Concepts's interest expense for the three months ended in Sep. 2012 was $ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2012 was $-2.4 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. Poseidon Concepts's Operating Income for the three months ended in Sep. 2012 was $ 14.4 Mil. Poseidon Concepts's Interest Expense for the three months ended in Sep. 2012 was $ -0.5 Mil. Poseidon Concepts's Interest Coverage for the quarter that ended in Sep. 2012 was 26.59. 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.

Poseidon Concepts (OTCPK:POOSF) 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.

Poseidon Concepts's Interest Expense for the three months ended in Sep. 2012 was $-0.5 Mil. Its Operating Income for the three months ended in Sep. 2012 was $14.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2012 was $56.8 Mil.

Poseidon Concepts's Interest Coverage for the quarter that ended in Sep. 2012 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2012 )	/	Interest Expense (Q: Sep. 2012 )
	=	-1	*	14.437	/	-0.543
	=	26.59

* 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.

Poseidon Concepts Interest Expense Historical Data

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The historical data trend for Poseidon Concepts's Interest Expense can be seen below:

Poseidon Concepts Interest Expense Chart

Poseidon Concepts Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Interest Expense

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-0.35

-0.32

-1.14

-0.14

-0.74

Poseidon Concepts Quarterly Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Interest Expense	Get a 7-Day Free Trial											-0.13	-0.54	-0.73	-0.63	-0.54

Poseidon Concepts 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. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.4 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of $-2.4 Mil mean?

Poseidon Concepts (POOSF) has a Interest Expense of $-2.4 Mil as of Sep. 2012. Interest Expense is the amount a company pays on its long-term debt. View historical data on Poseidon Concepts and its competitors.

Is Poseidon Concepts' Interest Expense too high?

Poseidon Concepts' current Interest Expense is $-2.4 Mil.

How does Poseidon Concepts' Interest Expense compare to FLSS and BRS?

Poseidon Concepts' Interest Expense of $-2.4 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?

A good Interest Expense depends on the Oil & Gas 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 Poseidon Concepts and its competitors. Poseidon Concepts's current Interest Expense is $-2.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Poseidon Concepts stock overvalued right now?

Poseidon Concepts (POOSF) has a current Interest Expense of $-2.4 Mil. The current Interest Expense is $-2.4 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 Poseidon Concepts (POOSF), the current Interest Expense is $-2.4 Mil as of Sep. 2012. 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.

Poseidon Concepts Business Description

Industry Energy Oil & Gas

Comparable Companies XKLS:7206 FLSS XKLS:7253 HSTC:PVC TSX:MCB TSXV:MXX XKLS:5078 LSE:GTC BRS GWTI LSE:THAL ISX:MIRA SAEX WAR:PBG ISX:RUIS XKLS:7251 KUW:SENERGY RCON ASX:VMX PROP

Address 645 - 7th Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 4G8

Website http://www.poseidonconcepts.com

Poseidon Concepts Corp is a customer-focused provider of safe fluid handling solutions to the oil and natural gas sector across North America.