Scientific Energy (Scientific Energy) Interest Expense : $-0.12 Mil (TTM As of Mar. 2024)

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What is Scientific Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Scientific Energy's interest expense for the three months ended in Mar. 2024 was $ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.12 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. Scientific Energy's Operating Income for the three months ended in Mar. 2024 was $ 0.41 Mil. Scientific Energy's Interest Expense for the three months ended in Mar. 2024 was $ -0.03 Mil. Scientific Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 16.36. 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.

Scientific Energy Interest Expense Historical Data

The historical data trend for Scientific Energy'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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Scientific Energy Interest Expense Chart

Scientific Energy Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.01

-0.03

-0.04

-0.10

Scientific Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.07	-0.03

Scientific Energy 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.12 Mil.

Scientific Energy (OTCPK:SCGY) 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.

Scientific Energy's Interest Expense for the three months ended in Mar. 2024 was $-0.03 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.41 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.07 Mil.

Scientific Energy's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	0.409	/	-0.025
	=	16.36

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

Scientific Energy (Scientific Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Scientific Energy Inc (OTCPK:SCGY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 Xian Xinghai Great Road, Room K, 9F, Golden Dragon Centre, Macau, CHN

Website

http://www.makeliving.com

Scientific Energy Inc involves in the e-commerce industry. It is a firm principally engaged in developing a website (Makeliving) for providing an e-commerce platform provisioning exchange of goods and services along with its subsidiary. Makeliving is intended to act both as a platform and as a conduit between individuals or companies who desire to acquire goods and services to individuals or companies who desire to offer goods and services.

Executives

Haitao Jiang	10 percent owner	RUA DE MADRID, NO.21, WAN YU VILLAS, 9J, MACAU N5 999078
Aspect Group Ltd	10 percent owner	HY DIAMOND EXCHANGE BLDG, SUITE A, 7TH FLOOR, HONG KONG XX CHINA
Liang Huang	10 percent owner	NO. 43 KUIHUALI, APT. 502, ZHUHUI DISTRICT, HENGYANG, HUNAN PROVINCE F4 421002
Chan Stanley P.c.	10 percent owner	C/O 475 EAST 70TH STREET, #7C, NEW YORK NY 10021
Dale C Gledhill	director	630 NORTH 400 WEST, SALT LAKE CITY UT 84103
Todd B Crosland	director, 10 percent owner, officer: President	630 NORTH 400 WEST, SALT LAKE CITY UT 84103
Mark Clawson	director	630 N. 400 WEST, SALT LAKE CITY UT 84103
Jana K Meyer	director, officer: Secretary	630 N. 400 WEST, SALT LAKE CITY UT 84103

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