PlasCred Circular Innovations (PlasCred Circular Innovations) Interest Expense : $ Mil (TTM As of Jun. 2023)

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What is PlasCred Circular Innovations Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PlasCred Circular Innovations's interest expense for the three months ended in Jun. 2023 was $ -0.01 Mil. PlasCred Circular Innovations does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Jun. 2023.

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. PlasCred Circular Innovations's Operating Income for the three months ended in Jun. 2023 was $ -0.30 Mil. PlasCred Circular Innovations's Interest Expense for the three months ended in Jun. 2023 was $ -0.01 Mil. PlasCred Circular Innovations 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.

PlasCred Circular Innovations Interest Expense Historical Data

The historical data trend for PlasCred Circular Innovations'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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PlasCred Circular Innovations Interest Expense Chart

PlasCred Circular Innovations Annual Data

Trend

Dec22

Dec23

Interest Expense

-0.04

PlasCred Circular Innovations Quarterly Data
	Jun22	Mar23	Jun23	Dec23
Interest Expense	-	-0.01	-0.01	-

PlasCred Circular Innovations Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

PlasCred Circular Innovations (OTCPK:MGPRF) 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.

PlasCred Circular Innovations's Interest Expense for the three months ended in Jun. 2023 was $-0.01 Mil. Its Operating Income for the three months ended in Jun. 2023 was $-0.30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was $0.00 Mil.

PlasCred Circular Innovations's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

PlasCred Circular Innovations did not have earnings to cover the interest expense.

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

PlasCred Circular Innovations (PlasCred Circular Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » PlasCred Circular Innovations Inc (OTCPK:MGPRF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

XV2:Germany PLAS:Canada

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.plascred.com

PlasCred Circular Innovations Inc is a green technology company based in Alberta, whose patent-pending and proprietary process enables true plastic waste removal in a scalable, systematic and profitable way. The PlasCred process hopes to deliver a commercially viable plastic recycling process, providing immediate economic benefit for industry, communities and government organizations for handling waste plastic.

PlasCred Circular Innovations (PlasCred Circular Innovations) Headlines

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