Solar Energy Initiatives (Solar Energy Initiatives) Interest Expense : $-0.26 Mil (TTM As of Apr. 2013)

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What is Solar Energy Initiatives Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solar Energy Initiatives's interest expense for the three months ended in Apr. 2013 was $ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2013 was $-0.26 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. Solar Energy Initiatives's Operating Income for the three months ended in Apr. 2013 was $ -0.17 Mil. Solar Energy Initiatives's Interest Expense for the three months ended in Apr. 2013 was $ -0.07 Mil. Solar Energy Initiatives 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.

Solar Energy Initiatives Interest Expense Historical Data

The historical data trend for Solar Energy Initiatives'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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Solar Energy Initiatives Interest Expense Chart

Solar Energy Initiatives Annual Data

Trend

Jul07

Jul08

Jul09

Jul10

Jul11

Jul12

Interest Expense

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-0.50

-0.10

-0.36

-0.13

Solar Energy Initiatives Quarterly Data
	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13
Interest Expense	Get a 7-Day Free Trial															-0.03	-0.11	-0.05	-0.04	-0.07

Solar Energy Initiatives 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 Apr. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.26 Mil.

Solar Energy Initiatives (OTCPK:SNRY) 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.

Solar Energy Initiatives's Interest Expense for the three months ended in Apr. 2013 was $-0.07 Mil. Its Operating Income for the three months ended in Apr. 2013 was $-0.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2013 was $0.00 Mil.

Solar Energy Initiatives's Interest Coverage for the quarter that ended in Apr. 2013 is calculated as

Solar Energy Initiatives did not have earnings to cover the interest expense.

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

Solar Energy Initiatives (Solar Energy Initiatives) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Solar Energy Initiatives Inc (OTCPK:SNRY) » Definitions » Interest Expense

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Address

2245 Texas Drive, Suite 300, Sugar Land, TX, USA, 77479

Website

https://www.solar-initiatives.com

Solar Energy Initiatives Inc offers cybersecurity simulation and educational content - the tools to mitigate vulnerabilities and bolster cyber defense.

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