Cavitation Technologies (Cavitation Technologies) Interest Expense : $-0.01 Mil (TTM As of Mar. 2024)

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What is Cavitation Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cavitation Technologies's interest expense for the three months ended in Mar. 2024 was $ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.01 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. Cavitation Technologies's Operating Income for the three months ended in Mar. 2024 was $ 0.33 Mil. Cavitation Technologies's Interest Expense for the three months ended in Mar. 2024 was $ -0.00 Mil. Cavitation Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 166.50. 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.

Cavitation Technologies Interest Expense Historical Data

The historical data trend for Cavitation 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.

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Cavitation Technologies Interest Expense Chart

Cavitation Technologies Annual Data

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Interest Expense

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-0.01

Cavitation Technologies Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Cavitation 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.01 Mil.

Cavitation Technologies (OTCPK:CVAT) 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.

Cavitation Technologies's Interest Expense for the three months ended in Mar. 2024 was $-0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.15 Mil.

Cavitation Technologies's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	0.333	/	-0.002
	=	166.50

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

Cavitation Technologies (Cavitation Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cavitation Technologies Inc (OTCPK:CVAT) » Definitions » Interest Expense

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Address

10019 Canoga Avenue, Chatsworth, CA, USA, 91311

Website

http://www.ctinanotech.com

Cavitation Technologies Inc develops, patents, and commercializes the proprietary technology for large-scale liquid processing applications. The firm has commercialized its proprietary technology for refining vegetable oils by providing domestic and foreign refining facilities with a firm's Nano Neutralization technology and cavitation systems comprising the Nano Reactor. Its technologies can be applied to several other fluid-processing industries that will benefit from increased yields, lowered processing costs, and improved quality. It has filed patent applications related to edible oil refining, renewable fuel production, both alcoholic and non-alcoholic beverage processing and enhancement, and petroleum upgrading. Its component comprises of Nano Reactor and LPN.

Executives

Naum Voloshin	officer: Chief Financial Officer	10019 CANOGA AVENUE, CHATSWORTH CA 91311
Roman Gordon	director, 10 percent owner, officer: CEO, Secretary	10019 CANOGA AVENUE, CHATSWORTH CA 91311
Todd Zelek	director, officer: CEO	730 SOUTH SAN RAFAEL AVENUE, PASADENA CA 91105
James W Fuller	director	C/O BAYTREE CAPITAL ASSOCIATES LLC, 40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005
Igor Gorodnitsky	director, 10 percent owner, officer: President	10019 CANOGA AVENUE, CHATSWORTH CA 91311
R L Hartshorn	director, 10 percent owner, officer: CFO	10019 CANOGA AVENUE, CHATSWORTH CA 91311
Jose Antonio Castro	director, 10 percent owner, officer: CEO & CFO	3702 SOUTH VIRGINIA STREET, #G12-401, RENO NV 89502
Zhang Haiming	director, 10 percent owner, officer: Chief Technology Officer	3702 SOUTH VIRGINIA STREET, #G12-401, RENO NV 89502