Mills Music Trust (Mills Music Trust) Interest Expense : $ Mil (TTM As of Dec. 2021)

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What is Mills Music Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mills Music Trust's interest expense for the six months ended in Dec. 2021 was $ 0.00 Mil. Mills Music Trust does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2021.

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. Mills Music Trust's Operating Income for the six months ended in Dec. 2021 was $ Mil. Mills Music Trust's Interest Expense for the six months ended in Dec. 2021 was $ Mil. 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.

Mills Music Trust Interest Expense Historical Data

The historical data trend for Mills Music Trust'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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Mills Music Trust Interest Expense Chart

Mills Music Trust Annual Data

Trend

Dec20

Dec21

Interest Expense

Mills Music Trust Semi-Annual Data
	Dec20	Dec21
Interest Expense	-	-

Mills Music Trust Interest Expense Calculation

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

Mills Music Trust (Mills Music Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mills Music Trust (OTCPK:MMTRS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o HSBC BANK USA, N.A., 452 Fifth Avenue, Corporate Trust, Issuer Services, New York, NY, USA, 10018

Website

https://www.millsmusic.com

Mills Music Trust holds the right to receive payment of a deferred contingent purchase price obligation relating to music and lyric copyright catalogue payable by EMI Mills Music Inc primarily in the United States. The payments of the contingent portion are based on royalty income generated by the catalogue.

Mills Music Trust (Mills Music Trust) Headlines

From GuruFocus

Unveiling the Dividend Dynamics of Mills Music Trust

By GuruFocus Research • 09-22-2023