Rocky Mountain Industrials (Rocky Mountain Industrials) Interest Expense : $-1.21 Mil (TTM As of Jun. 2023)

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What is Rocky Mountain Industrials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rocky Mountain Industrials's interest expense for the three months ended in Jun. 2023 was $ -0.35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-1.21 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. Rocky Mountain Industrials's Operating Income for the three months ended in Jun. 2023 was $ -1.20 Mil. Rocky Mountain Industrials's Interest Expense for the three months ended in Jun. 2023 was $ -0.35 Mil. Rocky Mountain Industrials 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.

Rocky Mountain Industrials Interest Expense Historical Data

The historical data trend for Rocky Mountain Industrials'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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Rocky Mountain Industrials Interest Expense Chart

Rocky Mountain Industrials Annual Data

Trend

Sep14

Sep15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.52

-0.37

-0.80

-0.65

-1.06

Rocky Mountain Industrials Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial															-0.21	-0.21	-0.28	-0.36	-0.35

Rocky Mountain Industrials 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.21 Mil.

Rocky Mountain Industrials (OTCPK:RMRI) 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.

Rocky Mountain Industrials's Interest Expense for the three months ended in Jun. 2023 was $-0.35 Mil. Its Operating Income for the three months ended in Jun. 2023 was $-1.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was $21.39 Mil.

Rocky Mountain Industrials's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Rocky Mountain Industrials did not have earnings to cover the interest expense.

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

Rocky Mountain Industrials (Rocky Mountain Industrials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rocky Mountain Industrials Inc (OTCPK:RMRI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

6200 South Syracuse Way, Suite 450, Greenwood Village, CO, USA, 80111

Website

https://www.rockymountainindustrials.com

Rocky Mountain Industrials Inc is an exploration stage company dedicated to operating industrial assets in the United States including minerals, materials, and services. The company's operating segment includes Aggregates and Rail Park. It generates maximum revenue from the Aggregates segment. The Aggregates segment produces chemical grade lime for use in the aggregates market. Its Rail Park segment consists of land under development to provide a rail terminal and services facility.

Executives

Michael Okada	officer: Chief Financial Officer	300 N. CONTINENTAL BLVD. #100, EL SEGUNDO CA 90245
Chad T. Brownstein	director, 10 percent owner, officer: Chief Executive Officer	555 SOUTH BARRINGTON AVENUE, #216, LOS ANGELES CA 90049
Rocky Mountain Resource Holdings Inc.	10 percent owner	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Gregory M. Dangler	director, 10 percent owner, officer: President, CFO & Secretary	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Principio Management Llc	10 percent owner	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
77727111, Llc	10 percent owner	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Munitz Family Trust	10 percent owner	507 EUCLID STREET SANTA MONICA CA 90402
Andrew Peltz	director	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Legado Del Rey, Llc	10 percent owner	121 SOUTH BEVERLY DRIVE BEVERLY HILLS CA 90212
Edward Czuker	10 percent owner	121 SOUTH BEVERLY DRIVE BEVERLY HILLS CA 90212

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