Empire Diversified Energy (Empire Diversified Energy) Interest Expense : $-4.17 Mil (TTM As of Sep. 2023)

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What is Empire Diversified Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Empire Diversified Energy's interest expense for the three months ended in Sep. 2023 was $ -4.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-4.17 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. Empire Diversified Energy's Operating Income for the three months ended in Sep. 2023 was $ -2.33 Mil. Empire Diversified Energy's Interest Expense for the three months ended in Sep. 2023 was $ -4.17 Mil. Empire Diversified Energy 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.

Empire Diversified Energy Interest Expense Historical Data

The historical data trend for Empire Diversified Energy'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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Empire Diversified Energy Interest Expense Chart

Empire Diversified Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-0.80

-0.21

-0.23

-0.56

-7.02

Empire Diversified Energy Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Sep22	Sep23
Interest Expense	Get a 7-Day Free Trial															-1.64	-1.99	-1.87	-4.80	-4.17

Empire Diversified Energy 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.17 Mil.

Empire Diversified Energy (OTCPK:MPIR) 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.

Empire Diversified Energy's Interest Expense for the three months ended in Sep. 2023 was $-4.17 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-2.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $61.71 Mil.

Empire Diversified Energy's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Empire Diversified Energy did not have earnings to cover the interest expense.

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

Empire Diversified Energy (Empire Diversified Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Empire Diversified Energy Inc (OTCPK:MPIR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

401 East Las Olas Boulevard, Suite 1400, 14th Floor, Fort Lauderdale, FL, USA, 33301

Website

https://www.empirediversifiedenergy.com

Empire Diversified Energy Inc is a diversified energy and logistics company. It has developed a wide range of green energy products and solutions to industry problems, offering strategic and cost-effective logistics to address LNG and Petrochemical Storage Hubs, Petrochemical Loading Facilities Scrap Iron and Mineral Sales, (Slag, HBI, Coal, Water).

Executives

Robert J. Lancellotti

director, 10 percent owner

PO BOX 154, CONGERS NY 10920