Rainforest Resources (Rainforest Resources) Interest Expense : $-0.05 Mil (TTM As of Sep. 2021)

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What is Rainforest Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rainforest Resources's interest expense for the three months ended in Sep. 2021 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 was $-0.05 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. Rainforest Resources's Operating Income for the three months ended in Sep. 2021 was $ -0.31 Mil. Rainforest Resources's Interest Expense for the three months ended in Sep. 2021 was $ -0.02 Mil. Rainforest Resources 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.

Rainforest Resources Interest Expense Historical Data

The historical data trend for Rainforest Resources'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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Rainforest Resources Interest Expense Chart

Rainforest Resources Annual Data

Trend

Dec11

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Dec13

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Dec20

Interest Expense

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-0.04

-0.05

-0.04

Rainforest Resources Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.01	-0.02

Rainforest Resources 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.05 Mil.

Rainforest Resources (OTCPK:RRIF) 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.

Rainforest Resources's Interest Expense for the three months ended in Sep. 2021 was $-0.02 Mil. Its Operating Income for the three months ended in Sep. 2021 was $-0.31 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was $0.00 Mil.

Rainforest Resources's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Rainforest Resources did not have earnings to cover the interest expense.

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

Rainforest Resources (Rainforest Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rainforest Resources Inc (OTCPK:RRIF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

936 SW 1st Avenue, Unit 299, Miami, FL, USA, 33130

Website

https://www.rainforestresourcesinc.com

Rainforest Resources Inc is a development stage natural resource company. The main purpose is to produce certified carbon credits for certain companies in the countries that need to in order to avoid sanctions as stipulated by the Kyoto Protocol. It provides the production, transportation, and delivery of the water that form the property. Its properties are found in the tropical rainforest of Ecuador. The company intends to maintain and improve land so that all species and wildlife live as one with the forestry. In addition, the company's rainforest properties produce oxygen and carbon dioxide sequestration and endemic plants that can be used in medicine.

Executives

Bradley Wilson

officer: President

1794 BAY DR POMPANO BEACH FL 33062

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