Royal Wins (Royal Wins) Interest Expense : $-0.03 Mil (TTM As of Jun. 2022)

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What is Royal Wins Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Royal Wins's interest expense for the three months ended in Jun. 2022 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2022 was $-0.03 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. Royal Wins's Operating Income for the three months ended in Jun. 2022 was $ 0.00 Mil. Royal Wins's Interest Expense for the three months ended in Jun. 2022 was $ 0.00 Mil. Royal Wins has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Royal Wins Interest Expense Historical Data

The historical data trend for Royal Wins'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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Royal Wins Interest Expense Chart

Royal Wins Annual Data

Trend

Dec19

Dec20

Jun21

Jun22

Interest Expense

Royal Wins Quarterly Data
	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Interest Expense	Get a 7-Day Free Trial						-	-	-	-0.03	-

Royal Wins 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.03 Mil.

Royal Wins (OTCPK:RYWCF) 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.

Royal Wins's Interest Expense for the three months ended in Jun. 2022 was $0.00 Mil. Its Operating Income for the three months ended in Jun. 2022 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2022 was $0.00 Mil.

Royal Wins's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Royal Wins had no long-term debt ⁽¹⁾.

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

Royal Wins (Royal Wins) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Royal Wins Corp (OTCPK:RYWCF) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

401 Bay Street, Suite 2704, Box 4, Toronto, ON, CAN, M5H2Y4

Website

https://www.royalwins.com

Royal Wins Corp is a digital games studio pioneering skill game wagering and betting on mobile casual games. It designs, develops, and operates real money-wagering skill games, to disrupt and dominate the online gaming space such that all players of legal age can play and win life-changing jackpots and prizes on their skill instead of only on chance and odds. It designs develops and operates pure skill games for both cash and non-cash prizes targeting millennial markets via its primary skill gaming app, the Kash Karnival. Its primary innovation and intellectual property centres around solving big data problems around skill gaming mechanics, algorithms pertaining to balancing cash jackpots, game difficulty modules, and maintenance of return-to-player percentages.

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