Prom Resources (Prom Resources) Interest Expense : $ Mil (TTM As of . 20)

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What is Prom Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prom Resources's interest expense for the three months ended in . 20 was $ 0.00 Mil. Prom Resources does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in . 20.

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. Prom Resources's Operating Income for the three months ended in . 20 was $ 0.00 Mil. Prom Resources's Interest Expense for the three months ended in . 20 was $ 0.00 Mil. Prom Resources 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.

Prom Resources Interest Expense Historical Data

The historical data trend for Prom Resources'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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Prom Resources Interest Expense Chart

Prom Resources Annual Data

Trend

Interest Expense

Prom Resources Quarterly Data

Interest Expense

Prom Resources Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Prom Resources (OTCPK:PRMO) 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.

Prom Resources's Interest Expense for the three months ended in . 20 was $0.00 Mil. Its Operating Income for the three months ended in . 20 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in . 20 was $0.00 Mil.

Prom Resources's Interest Coverage for the quarter that ended in . 20 is calculated as

Prom Resources had no long-term debt ⁽¹⁾.

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

Prom Resources (Prom Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Prom Resources Inc (OTCPK:PRMO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

13935 Lynmar Boulevard, Tampa, FL, USA, 33626

Website

https://www.promrestaurants.com

Prom Resources Inc is a holding company engaged in the acquisition of franchise corporations in the food services industry. The Company provides financial analysis and consolidation services for food service acquisition targets. The company wishes to be a growing restaurant company and franchise, with portfolio of differentiated restaurant concepts.

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