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Mission Ready Solutions (Mission Ready Solutions) Interest Expense : $-0.54 Mil (TTM As of Mar. 2023)


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What is Mission Ready Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mission Ready Solutions's interest expense for the three months ended in Mar. 2023 was $ -0.15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-0.54 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. Mission Ready Solutions's Operating Income for the three months ended in Mar. 2023 was $ -0.45 Mil. Mission Ready Solutions's Interest Expense for the three months ended in Mar. 2023 was $ -0.15 Mil. Mission Ready Solutions 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.

Mission Ready Solutions Interest Expense Historical Data

The historical data trend for Mission Ready Solutions'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.

* Premium members only.

Mission Ready Solutions Interest Expense Chart

Mission Ready Solutions Annual Data
Trend Oct13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.14 -0.96 -1.65 -0.29 -0.48

Mission Ready Solutions Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -0.11 -0.06 -0.11 -0.21 -0.15

Mission Ready Solutions 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.54 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.

Mission Ready Solutions  (OTCPK:MSNVF) 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.

Mission Ready Solutions's Interest Expense for the three months ended in Mar. 2023 was $-0.15 Mil. Its Operating Income for the three months ended in Mar. 2023 was $-0.45 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $1.61 Mil.

Mission Ready Solutions's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Mission Ready Solutions 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.

Mission Ready Solutions (Mission Ready Solutions) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mission Ready Solutions Inc (OTCPK:MSNVF) » Definitions » Interest Expense
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BANT RNWR HWKE RTX LMT BA XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX XPAR:HO LSE:RR. HEI.A HWM SHSE:600760 SHSE:600150 XPAR:AM
Traded in Other Exchanges
N/A
Address
1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6
Website
https://www.mrscorp.com
Mission Ready Solutions Inc provides comprehensive government contracting solutions with extensive experience in delivering quality, reliable, mission-critical products and services for law enforcement, firefighters, first responders, the military, and other governmental agencies. Its wholly-owned subsidiary, Unifire Inc, leverages its robust vendor network, industry relationships, proprietary technology infrastructure, and manufacturing and distribution capabilities to efficiently source and deliver more than 1.5 million products. The company has two reportable business segments in the defense, security, and first-responder markets: consulting and manufacturer representation; and inspection, cleaning, and repair services of protective services gear.