Southern Banc Co (Southern Banc Co) Interest Expense : $-0.93 Mil (TTM As of Jun. 2023)

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What is Southern Banc Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Southern Banc Co's interest expense for the six months ended in Jun. 2023 was $ -0.93 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.93 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. Southern Banc Co's Operating Income for the six months ended in Jun. 2023 was $ Mil. Southern Banc Co's Interest Expense for the six months ended in Jun. 2023 was $ Mil. 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.

Southern Banc Co Interest Expense Historical Data

The historical data trend for Southern Banc Co'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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Southern Banc Co Interest Expense Chart

Southern Banc Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.92

-1.12

-0.79

-0.47

-0.93

Southern Banc Co Semi-Annual Data
	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Interest Expense	Get a 7-Day Free Trial															-0.92	-1.12	-0.79	-0.47	-0.93

Southern Banc Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.93 Mil.

Southern Banc Co (Southern Banc Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern Banc Co Inc (OTCPK:SRNN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

221 South 6th Street, Gadsden, AL, USA, 35901

Website

https://www.sobanco.com

Southern Banc Co Inc provides personal and business banking solutions. It offers banking solutions for every personal banking need including Personal Checking, Mortgage Loans, Consumer Loans, and Home Equity Lines of Credit. The principal business of the Bank consists of accepting deposits from the general public through the Bank's main and branch offices and investing those funds in loans secured by real estate properties, commercial and consumer loans located in the Bank's primary market area, and factoring. The company serves small and medium-sized business customers the United States.

Executives

Fred Taylor	director
Little James B Iii	director
Craig G Cantrell	director
Dowling Thomas F Iii	director
Little James B Jr	director, officer: Vice President
Gates Little	director, officer: President