Rainmaker Worldwide (Rainmaker Worldwide) Interest Expense : $-0.85 Mil (TTM As of Mar. 2024)

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What is Rainmaker Worldwide Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rainmaker Worldwide's interest expense for the three months ended in Mar. 2024 was $ -0.19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.85 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. Rainmaker Worldwide's Operating Income for the three months ended in Mar. 2024 was $ -0.10 Mil. Rainmaker Worldwide's Interest Expense for the three months ended in Mar. 2024 was $ -0.19 Mil. Rainmaker Worldwide 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.

Rainmaker Worldwide Interest Expense Historical Data

The historical data trend for Rainmaker Worldwide'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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Rainmaker Worldwide Interest Expense Chart

Rainmaker Worldwide Annual Data

Trend

Dec12

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Dec19

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Dec23

Interest Expense

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-0.23

-0.85

-0.83

-0.60

-0.85

Rainmaker Worldwide Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.20	-0.31	-0.14	-0.21	-0.19

Rainmaker Worldwide 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 $-0.85 Mil.

Rainmaker Worldwide (OTCPK:RAKR) 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.

Rainmaker Worldwide's Interest Expense for the three months ended in Mar. 2024 was $-0.19 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.64 Mil.

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

Rainmaker Worldwide did not have earnings to cover the interest expense.

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

Rainmaker Worldwide (Rainmaker Worldwide) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rainmaker Worldwide Inc (OTCPK:RAKR) » Definitions » Interest Expense

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Address

271 Brock Street, Peterborough, ON, CAN, K9H 2P8

Website

https://www.rainmakerww.com

Rainmaker Worldwide Inc is a cleantech company that is engaged in producing clean water. It provides innovative, environment-friendly water solutions to communities and businesses facing water scarcity. The company's sustainable technology features two product lines which include Air to water and water to water that have multiple applications. Air to Water harvests fresh water from humidity in the atmosphere. It is highly useful for islands, temporary vacation houses, and remote vacation houses, especially for hot conditions and limited water and has no risk of water-borne diseases. The Water to Water unit produces clean water from seawater, brackish water, or contaminated water sources. The company's products include WW-SO50 Solar Only Powered, AW-W100 Wind Powered, and others.