PSYTF (Pason Systems) Interest Expense : $0.0 Mil (TTM As of Dec. 2024)

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What is Pason Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pason Systems's interest expense for the three months ended in Dec. 2024 was $ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $0.0 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. Pason Systems's Operating Income for the three months ended in Dec. 2024 was $ 17.2 Mil. Pason Systems's Interest Expense for the three months ended in Dec. 2024 was $ 0.0 Mil. GuruFocus does not calculate Pason Systems's interest coverage with the available data. 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.

Pason Systems Interest Expense Historical Data

The historical data trend for Pason Systems'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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Pason Systems Interest Expense Chart

Pason Systems Annual Data

Trend

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Dec24

Interest Expense

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-0.28

-1.19

Pason Systems Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Pason Systems 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Pason Systems (OTCPK:PSYTF) 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.

Pason Systems's Interest Expense for the three months ended in Dec. 2024 was $0.0 Mil. Its Operating Income for the three months ended in Dec. 2024 was $17.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $9.3 Mil.

Pason Systems's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

GuruFocus does not calculate Pason Systems's interest coverage with the available data.

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. Pason Systems Inc has enough cash to cover all of its debt. Its financial situation is stable.

Pason Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pason Systems Inc (OTCPK:PSYTF) » Definitions » Interest Expense

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Traded in Other Exchanges

3PS:Germany PSI:Canada

Address

6130 Third Street South East, Calgary, AB, CAN, T2H 1K4

Website

https://www.pason.com

Pason Systems Inc is a provider of instrumentation and data management systems for drilling rigs. The electronic drilling recorder is the company's product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. The company reports on three strategic business units: The North American (Canada and the United States) and International (Latin America, including Mexico, Offshore, the Eastern Hemisphere, and the Middle East) business units, all of which offer technology services to the oil and gas industry, and the Solar and Energy Storage business unit, which provides technology services to solar and energy storage developers.