Transact Energy (Transact Energy) Interest Expense : $-1.57 Mil (TTM As of Dec. 2022)

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What is Transact Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Transact Energy's interest expense for the three months ended in Dec. 2022 was $ -0.40 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was $-1.57 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. Transact Energy's Operating Income for the three months ended in Dec. 2022 was $ -0.17 Mil. Transact Energy's Interest Expense for the three months ended in Dec. 2022 was $ -0.40 Mil. Transact Energy 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.

Transact Energy Interest Expense Historical Data

The historical data trend for Transact 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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Transact Energy Interest Expense Chart

Transact Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.98

-1.52

-1.57

Transact Energy Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Expense	Get a 7-Day Free Trial															-0.40	-0.39	-0.39	-0.40	-0.40

Transact 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 Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.57 Mil.

Transact Energy (OTCPK:TEGY) 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.

Transact Energy's Interest Expense for the three months ended in Dec. 2022 was $-0.40 Mil. Its Operating Income for the three months ended in Dec. 2022 was $-0.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2022 was $0.00 Mil.

Transact Energy's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Transact Energy did not have earnings to cover the interest expense.

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

Transact Energy (Transact Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Transact Energy Corp (OTCPK:TEGY) » Definitions » Interest Expense

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Address

1901 Cornwall Avenue, Suite 367, Bellingham, WA, USA, 98225

Website

http://www.transactenergycorp.com

Transact Energy Corp is a development stage company, it is engaged in the business of developing and managing zero-emission waste optimization plants globally. The company's zero-emissions waste optimization plant (Z.E.W.O.P.), makes ecological, economic, cultural, and social sense, and provides markets with an emission-free solution utilizing their waste and turning it into products, including fuels that can be used in these domestic markets. Its products include carbon black, phenol resins, ethanol, fertilizer, medium wax, cullet, brick mix, alkanes, aluminum, paraffin wax, and Levoglucosan. The Company has the potential to eliminate landfills and incineration of Municipal Solid Waste in every community.

Executives

Roderick Bartlett	director, officer: President, Secretary, Director	1650-1188 W GEORGIA ST, VANCOUVER A1 V6E 4A2
Joseph F. Dickson	director	2345 TUCKER RD, NEW WOODSTOCK NY 13122
Desouki Biali	director	126 KAHANA NUI RD, LAHAINA HI 96761

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