Taronis Fuels (Taronis Fuels) Interest Expense : $-3.34 Mil (TTM As of Sep. 2020)

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What is Taronis Fuels Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Taronis Fuels's interest expense for the three months ended in Sep. 2020 was $ -2.38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2020 was $-3.34 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. Taronis Fuels's Operating Income for the three months ended in Sep. 2020 was $ -2.19 Mil. Taronis Fuels's Interest Expense for the three months ended in Sep. 2020 was $ -2.38 Mil. Taronis Fuels 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.

Taronis Fuels Interest Expense Historical Data

The historical data trend for Taronis Fuels'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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Taronis Fuels Interest Expense Chart

Taronis Fuels Annual Data

Trend

Dec17

Dec18

Dec19

Interest Expense

-0.02

-0.18

-0.47

Taronis Fuels Quarterly Data
	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Interest Expense	Get a 7-Day Free Trial					-0.04	-0.47	-0.01	-0.48	-2.38

Taronis Fuels 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 Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.34 Mil.

Taronis Fuels (OTCPK:TRNFQ) 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.

Taronis Fuels's Interest Expense for the three months ended in Sep. 2020 was $-2.38 Mil. Its Operating Income for the three months ended in Sep. 2020 was $-2.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2020 was $12.05 Mil.

Taronis Fuels's Interest Coverage for the quarter that ended in Sep. 2020 is calculated as

Taronis Fuels did not have earnings to cover the interest expense.

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

Taronis Fuels (Taronis Fuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taronis Fuels Inc (OTCPK:TRNFQ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

24980 N. 83rd Avenue, Suite 100, Peoria, AZ, USA, 85383

Website

https://www.taronisfuels.com

Taronis Fuels Inc is a renewable fuel and power generation company. It is a holding company of various gas and welding supply companies. It supplies industrial gases and welding equipment and services to the retail and wholesale metalworking and manufacturing industries. The company also sells and distributes a synthetic gas namely, MagneGas which is a renewable alternative cutting fuel. It has retail locations located throughout California, Texas, Louisiana and Florida.

Executives

Scott Mahoney	director, officer: Chief Executive Officer	4800 NORTH SCOTTSDALE ROAD SUITE 1400 SCOTTSDALE AZ 85251
Dingess, Robert L.	director	150 RAINVILLE ROAD TARPON SPRINGS FL 34689
Tyler B. Wilson	officer: CFO/Treasurer/Secretary	P.O. BOX 8129 ASPEN CO 81612
Kevin Pollack	director	150 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Staunton William W Iii	director