VXIT (VirExit Technologies) Interest Expense: $-0.21 Mil (TTM As of May. 2019)


What is VirExit Technologies Interest Expense?

VirExit Technologies VXIT Interest Expense is $-0.21 Mil as of May. 2019.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. VirExit Technologies's interest expense for the three months ended in May. 2019 was $ -0.06 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2019 was $-0.21 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. VirExit Technologies's Operating Income for the three months ended in May. 2019 was $ -0.19 Mil. VirExit Technologies's Interest Expense for the three months ended in May. 2019 was $ -0.06 Mil. VirExit Technologies 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.

VirExit Technologies  (OTCPK:VXIT) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

VirExit Technologies's Interest Expense for the three months ended in May. 2019 was $-0.06 Mil. Its Operating Income for the three months ended in May. 2019 was $-0.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2019 was $0.00 Mil.

VirExit Technologies's Interest Coverage for the quarter that ended in May. 2019 is calculated as

VirExit Technologies did not have earnings to cover the interest expense.

* 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.

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

VirExit Technologies Interest Expense Historical Data

* Premium members only.

The historical data trend for VirExit Technologies'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.

VirExit Technologies Interest Expense Chart

VirExit Technologies Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18
Interest Expense
0.00 0.00 -0.01 -0.06 -0.20

VirExit Technologies Quarterly Data
Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.05 -0.03 -0.04 -0.08 -0.06

VirExit Technologies 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 May. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.21 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-0.21 Mil mean?
VirExit Technologies (VXIT) has a Interest Expense of $-0.21 Mil as of May. 2019. Interest Expense is the amount a company pays on its long-term debt. View historical data on VirExit Technologies and its competitors.
Is VirExit Technologies' Interest Expense too high?
VirExit Technologies' current Interest Expense is $-0.21 Mil.
How does VirExit Technologies' Interest Expense compare to RIHT and GEQU?
VirExit Technologies' Interest Expense of $-0.21 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for an Utilities - Independent Power Producers company?
A good Interest Expense depends on the Utilities - Independent Power Producers industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on VirExit Technologies and its competitors. VirExit Technologies's current Interest Expense is $-0.21 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VirExit Technologies stock overvalued right now?
VirExit Technologies (VXIT) has a current Interest Expense of $-0.21 Mil. The current Interest Expense is $-0.21 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For VirExit Technologies (VXIT), the current Interest Expense is $-0.21 Mil as of May. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

VirExit Technologies Business Description

Address 1280 Lexington Avenue, FRNT 2 No.1292, New York, NY, USA, 10028
VirExit Technologies Inc is established as a renewable energy company, incubating solar technologies to establish electrification, education, connectivity, and media distribution infrastructures in rural communities across the globe to empower the individual, community, and local economy.