Pacific Ventures Group (Pacific Ventures Group) Interest Expense : $-3.38 Mil (TTM As of Sep. 2023)

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What is Pacific Ventures Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pacific Ventures Group's interest expense for the three months ended in Sep. 2023 was $ -0.69 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-3.38 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. Pacific Ventures Group's Operating Income for the three months ended in Sep. 2023 was $ -0.44 Mil. Pacific Ventures Group's Interest Expense for the three months ended in Sep. 2023 was $ -0.69 Mil. Pacific Ventures Group 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.

Pacific Ventures Group Interest Expense Historical Data

The historical data trend for Pacific Ventures Group'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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Pacific Ventures Group Interest Expense Chart

Pacific Ventures Group Annual Data

Trend

Dec13

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Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.62

-0.97

-2.20

-3.45

-4.49

Pacific Ventures Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.95	-1.13	-0.82	-0.74	-0.69

Pacific Ventures Group 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 $-3.38 Mil.

Pacific Ventures Group (OTCPK:PACV) 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.

Pacific Ventures Group's Interest Expense for the three months ended in Sep. 2023 was $-0.69 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.44 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $16.48 Mil.

Pacific Ventures Group's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Pacific Ventures Group did not have earnings to cover the interest expense.

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

Pacific Ventures Group (Pacific Ventures Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Pacific Ventures Group Inc (OTCPK:PACV) » Definitions » Interest Expense

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Address

117 West 9th Street, Suite 316, Los Angeles, CA, USA, 90015

Website

https://www.pacvgroup.com

Pacific Ventures Group Inc is focused on expansion within the consumer products, food, beverage, and alcohol-related industries. Its customers range from a wide variety of restaurants, including many well-known in Southern CA, to institutions, schools, and re-distributors such as U.S. Foods and Sysco as well as to local distributors. It supplies wholesale food and restaurant supplies to San Diego, Los Angeles, Orange, and Riverside and offers same-day service. In addition, it has clients in Arizona and Colorado that come to its facility to pick up their orders.

Executives

Shannon Masjedi	director, 10 percent owner, officer: PRESIDENT, COO, AND SECRETARY	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Marc Shenkman	director, officer: EXECUTIVE VICE PRESIDENT	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Robert Emmitt Smith	director, officer: CHAIRMAN OF THE BOARD & CEO	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Kent R. Sumner	10 percent owner	1248 BATEMAN PONDS WAY, WEST JORDAN UT 84084
Marion Philip Guthrie	10 percent owner	THREE LINCOLN CENTRE, 5430 LBJ FWY., SUITE 1480, DALLAS TX 75240
Kip Eardley	director, 10 percent owner, officer: President & Secretary	P.O. BOX 901658, SANDY UT 84090