VYST (Vystar) Interest Expense : $-0.16 Mil (TTM As of Sep. 2024)

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What is Vystar Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vystar's interest expense for the three months ended in Sep. 2024 was $ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.16 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. Vystar's Operating Income for the three months ended in Sep. 2024 was $ -0.26 Mil. Vystar's Interest Expense for the three months ended in Sep. 2024 was $ -0.09 Mil. Vystar 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.

Vystar Interest Expense Historical Data

The historical data trend for Vystar'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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Vystar Interest Expense Chart

Vystar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.39

-1.85

-0.30

-0.21

-0.05

Vystar Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.02	-0.01	-0.04	-0.09

Vystar 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.16 Mil.

Vystar (OTCPK:VYST) 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.

Vystar's Interest Expense for the three months ended in Sep. 2024 was $-0.09 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.00 Mil.

Vystar's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Vystar did not have earnings to cover the interest expense.

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

Vystar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vystar Corp (OTCPK:VYST) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

365 Shrewsbury Street, Worcester, MA, USA, 01604

Website

https://www.vytex.com

Vystar Corp is engaged in the rubber and plastic products market. It develops technology to produce Vytex Natural Rubber Latex which reduces antigenic protein and non-rubbers in natural rubber latex to undetectable levels. The company's products and services include Natural Rubber Latex, and clinical sleep diagnostics and durable medical equipment. The company derives revenue from sales of or license fees of Vytex NRL raw material to manufacturers and distributors of rubber and rubber end products.

Executives

Byron Lee Novosad	other: Board Member	14019 SW FREEWAY, # 301 PMB 181, SUGAR LAND TX 77478
Bryan Lawrence Stone	director	C/O VYSTAR CORPORATION, 101 AYLESBURY RD., WORCESTER MA 01609
Keith D. Osborn	10 percent owner	5671 PEACHTREE-DUNWOODY RD., ATLANTA GA 30342
Paul R. Oristaglio	director	955 COUNTY ROAD, BARRINGTON RI 02806
Steven Rotman	director, officer: Chief Executive Officer	C/O VYSTAR CORPORATION, 101 AYLESBURY RD., WORCESTER MA 01609
Joseph Carmen Allegra	director	C/O VYSTAR CORPORATION, 101 AYLESBURY RD., WORCESTER MA 01609
William R. Doyle	director, officer: Chairman, President & CEO	VYSTAR CORPORATION, 3235 SATELLITE BLVD, BUILDING 400, SUITE 290, DULUTH GA 30096
Joseph Allegra	director	VYSTAR CORPORATION, 3235 SATELLITE BLVD., BUILDING 400, SUITE 290, DULUTH GA 30096
Jason M. Meggs	director	C/O SYNEOS HEALTH, INC., 1030 SYNC STREET, MORRISVILLE NC 27560
Ranjit K. Matthan	director	C/O VYSTAR CORPORATION, 2484 BRIARCLIFF RD NE, SUITE 159, ATLANTA GA 30329
Mangum Michelle (mitsy) Y.	director	VYSTAR CORPORATION, 3235 SATELLITE BLVD, BUILDING 400, SUITE 290, DULUTH GA 30096
Michael X Ianacone	director	C/O VYSTAR CORPORATION, 2484 BRIARCLIFF RD NE, SUITE 159, ATLANTA GA 30329
Thomas L Mills	director	C/O WINSTON & STRAWN,, 1400 L. STREET, N.W, WASHINGTON DC 20005
Paul A. Yeoham	director	C/O VYSTAR CORP., 3235 SATELLITE BLVD., BUILDING 400, SUITE 290, DULUTH GA 30096
Dale Thomas Marsh	director	C/O VYSTAR CORPORATION, 3235 SATELLITE BLVD., BLDG. 400, STE 290, DULUTH GA 30096