Precicion Trim (Precicion Trim) Interest Expense : $-0.09 Mil (TTM As of Sep. 2011)

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What is Precicion Trim Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Precicion Trim's interest expense for the three months ended in Sep. 2011 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2011 was $-0.09 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. Precicion Trim's Operating Income for the three months ended in Sep. 2011 was $ 1.39 Mil. Precicion Trim's Interest Expense for the three months ended in Sep. 2011 was $ -0.02 Mil. Precicion Trim's Interest Coverage for the quarter that ended in Sep. 2011 was 86.94. 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.

Precicion Trim Interest Expense Historical Data

The historical data trend for Precicion Trim'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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Precicion Trim Interest Expense Chart

Precicion Trim Annual Data

Trend

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Dec10

Interest Expense

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-0.16

-0.03

Precicion Trim Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Interest Expense	Get a 7-Day Free Trial															-	-0.03	-0.02	-0.02	-0.02

Precicion Trim 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. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.09 Mil.

Precicion Trim (OTCPK:PRTR) 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.

Precicion Trim's Interest Expense for the three months ended in Sep. 2011 was $-0.02 Mil. Its Operating Income for the three months ended in Sep. 2011 was $1.39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2011 was $0.00 Mil.

Precicion Trim's Interest Coverage for the quarter that ended in Sep. 2011 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2011 )	/	Interest Expense (Q: Sep. 2011 )
	=	-1	*	1.391	/	-0.016
	=	86.94

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

Precicion Trim (Precicion Trim) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Precicion Trim Inc (OTCPK:PRTR) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

17011 Beach Boulevard, 9th Floor, Huntington Beach, CA, USA, 92647

Website

https://www.preciciontrim.com

Precicion Trim Inc is a United States based company operating in the machine automation and development field. It designs, manufactures and distributes robotic and non-robotic machines in a wide variety of industries. The company is focused on the development and design of its flower trimming equipment. The equipment will be able to trim the head off of flowering plants at a distance that is programmable by the user. In addition, the company also owns medical devices.

Executives

Kenneth Leung	director	257 GOLD STREET APT. 14B BROOKLYN NY 11201
Joseph Charles Passalaqua	10 percent owner	106 GLENWOOD DR SOUTH, LIVERPOOL NY 13090
Craig Burton	director, officer: President	104 DUNLAP DRIVE, DEWITT NY 13214

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