Trecora Resources (Trecora Resources) Interest Expense : $-1.2 Mil (TTM As of Mar. 2022)

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What is Trecora Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trecora Resources's interest expense for the three months ended in Mar. 2022 was $ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2022 was $-1.2 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. Trecora Resources's Operating Income for the three months ended in Mar. 2022 was $ 0.1 Mil. Trecora Resources's Interest Expense for the three months ended in Mar. 2022 was $ -0.3 Mil. Trecora Resources's Interest Coverage for the quarter that ended in Mar. 2022 was 0.47. 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.

Trecora Resources Interest Expense Historical Data

The historical data trend for Trecora Resources'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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Trecora Resources Interest Expense Chart

Trecora Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-2.93

-4.10

-5.14

-2.49

-1.21

Trecora Resources Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Interest Expense	Get a 7-Day Free Trial															-0.30	-0.30	-0.32	-0.29	-0.28

Trecora Resources 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.2 Mil.

Trecora Resources (NYSE:TREC) 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.

Trecora Resources's Interest Expense for the three months ended in Mar. 2022 was $-0.3 Mil. Its Operating Income for the three months ended in Mar. 2022 was $0.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2022 was $40.9 Mil.

Trecora Resources's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2022 )	/	Interest Expense (Q: Mar. 2022 )
	=	-1	*	0.132	/	-0.283
	=	0.47

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

Trecora Resources (Trecora Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Trecora Resources (NYSE:TREC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1650 Highway 6 S, Suite 190, Sugar Land, TX, USA, 77478

Website

https://www.trecora.com

Trecora Resources manufactures specialty petrochemical products and synthetic waxes. Its specialty petrochemical segment includes products such as high purity hydrocarbons, and other petroleum-based products, which include isopentane, normal pentane, isohexane, and hexane. The specialty synthetic waxes segment produces specialty polyethylene and poly alpha olefin waxes and provides custom processing services. It derives maximum revenue from its specialty petrochemical segment. Geographically, the company operates in the United States.

Executives

Temnein Ventures Iii, L.p.	other: Former 10% owner	450 PARK AVENUE, SUITE 2700 NEW YORK NY 10022
Ortelius Advisors, L.p.	other: Former 10% owner	450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Peter Desorcy	other: Former 10% owner	450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Pangaea Ventures, L.p.	other: Former 10% owner	450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Rafael Pons	officer: Chief Manufacturing Officer	C/O TRECORA RESOURCES 1650 HWY 6 S SUITE 190 SUGARLAND TX 77478
Michael W Silberman	officer: General Counsel and Secretary	5915 CHARLESTOWN DR DALLAS TX 75230
Patrick D. Quarles	director	C/O LYONDELLBASELL INDUSTRIES N.V., STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Nicholas Carter	director, officer: Executive Chairman	7760 ROSEWOOD LUMBERTON TX 77657
Janet Skogan Roemer	director	55 CAMBRIDGE PKWY, 8TH FLOOR CAMBRIDGE MA 01242
Al Athel Fahad Mohammed Saleh	10 percent owner	PO BOX 4900 RIYADH 11412 SAUDI ARABIA
Karen A. Twitchell	director	9 COURTLANDT PLACE, HOUSTON TX 77006
Adam C Peakes	director	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Joseph Michael Tanner	officer: SVP Commercial	86 POWDER CREEK TRAIL ARDEN NC 28704
Sami Ahmad	officer: CFO	1 DUNNAM LANE HOUSTON TX 77024
John Richard Townsend	officer: Chief Manufacturing Officer	2132 WOODCHASE BLVD BATON ROUGE LA 70808