Promesa (Promesa) Interest Expense : $-0.01 Mil (TTM As of Dec. 2019)

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What is Promesa Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Promesa's interest expense for the six months ended in Dec. 2019 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2019 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. Promesa's Operating Income for the six months ended in Dec. 2019 was $ -0.15 Mil. Promesa's Interest Expense for the six months ended in Dec. 2019 was $ -0.01 Mil. Promesa 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.

Promesa Interest Expense Historical Data

The historical data trend for Promesa'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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Promesa Interest Expense Chart

Promesa Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Interest Expense

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-0.61

-0.02

-0.01

Promesa Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Interest Expense	Get a 7-Day Free Trial															-	-	-	-0.01	-

Promesa 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. 2019 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.01 Mil.

Promesa (OTCPK:PRMLF) 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.

Promesa's Interest Expense for the six months ended in Dec. 2019 was $-0.01 Mil. Its Operating Income for the six months ended in Dec. 2019 was $-0.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2019 was $0.00 Mil.

Promesa's Interest Coverage for the quarter that ended in Dec. 2019 is calculated as

Promesa did not have earnings to cover the interest expense.

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

Promesa (Promesa) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Promesa Ltd (OTCPK:PRMLF) » Definitions » Interest Expense

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Address

140 Saint Georges Terrace, Level 26, Perth, WA, AUS, 6000

Website

http://www.thred.im

Thred Ltd is an Australian company that operates in the software industry. The company is engaged in developing technology platforms and mobile applications specializing in immersive media. The geographical segments of the company are Australia and Hong Kong, of which all of its revenue comes from Australia.

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