Pervasip (Pervasip) Interest Expense : $-0.32 Mil (TTM As of Aug. 2023)

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What is Pervasip Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pervasip's interest expense for the three months ended in Aug. 2023 was $ -0.32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was $-0.32 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. Pervasip's Operating Income for the three months ended in Aug. 2023 was $ 0.59 Mil. Pervasip's Interest Expense for the three months ended in Aug. 2023 was $ -0.32 Mil. Pervasip's Interest Coverage for the quarter that ended in Aug. 2023 was 1.87. 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.

Pervasip Interest Expense Historical Data

The historical data trend for Pervasip'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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Pervasip Interest Expense Chart

Pervasip Annual Data

Trend

Nov06

Nov07

Nov08

Nov09

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Interest Expense

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-3.58

-2.20

-3.17

-1.84

-1.41

Pervasip Quarterly Data
	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Aug22	Aug23
Interest Expense	Get a 7-Day Free Trial															-0.16	-0.16	-0.16	-0.17	-0.32

Pervasip 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 Aug. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.32 Mil.

Pervasip (OTCPK:PVSP) 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.

Pervasip's Interest Expense for the three months ended in Aug. 2023 was $-0.32 Mil. Its Operating Income for the three months ended in Aug. 2023 was $0.59 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2023 was $5.63 Mil.

Pervasip's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Aug. 2023 )	/	Interest Expense (Q: Aug. 2023 )
	=	-1	*	0.592	/	-0.317
	=	1.87

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Pervasip Corp interest coverage is 1.87, which is low.

Pervasip (Pervasip) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Pervasip Corp (OTCPK:PVSP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1917 1st Avenue, Suite 400, Seattle, WA, USA, 98101

Website

http://www.canalytix.com

Pervasip Corp principal activities of Company are consulting, IP licensing, management, staffing, leasing, and support services. It is a diversified asset management company that was founded to acquire, develop, and support companies and technologies in the emerging cannabis industry. It also, own the rights to a cannabis brand.

Executives

Kevin Kreisler	other: Officer of subsidiary	P.O. BOX 284, MT. ARLINGTON NJ 07856
Flux Carbon Corp	10 percent owner	5950 SHILOH ROAD EAST, SUITE N, ALPHARETTA GA 30005
Scott Robert Widham	director	BROADWING CORPORATION, 1122 CAPITAL OF TEXAS HIGHWAY SOUTH, AUSTIN TX 78746
Cherian Mathai	director	2-01 50TH STREET, APARTMENT 4 C, LONG ISLAND CITY NY 11101
S Miller Williams	director	C/O WILLBROS USA INC, 4400 POST OAK PARKWAY SUITE 1000, HOUSTON TX 77027
Gayle L Greer	director	P O BOX 840 STE 300, DENVER CO 80201
Michael H Khalilian	director, officer: Chief Technology Officer	478 E. ALTAMONTE DRIVE, SUITE 108-480, ALTAMONTE SPRINGS FL 32701
Mark Richards	other: President of subsidiary	118 CELEBRATION BLVD., CELEBRATION FL 34747
Greg M Cooper	director
Paul H Riss	director, officer: Chief Executive Officer, other: Chief Financial Officer
Joel Dupre	director	C/O CORDIA CORP, 445 HAMILTON AVENUE, SUITE 408, WHITE PLAINS NY 10601

Pervasip (Pervasip) Headlines

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