Sterling Consolidated (Sterling Consolidated) Interest Expense : $-0.13 Mil (TTM As of Sep. 2022)

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What is Sterling Consolidated Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sterling Consolidated's interest expense for the three months ended in Sep. 2022 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was $-0.13 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. Sterling Consolidated's Operating Income for the three months ended in Sep. 2022 was $ -0.09 Mil. Sterling Consolidated's Interest Expense for the three months ended in Sep. 2022 was $ -0.01 Mil. Sterling Consolidated 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.

Sterling Consolidated Interest Expense Historical Data

The historical data trend for Sterling Consolidated'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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Sterling Consolidated Interest Expense Chart

Sterling Consolidated Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-0.13

-0.14

-0.19

-0.16

-0.14

Sterling Consolidated Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-0.02	-0.05	-0.04	-0.03	-0.01

Sterling Consolidated 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.13 Mil.

Sterling Consolidated (OTCPK:STCC) 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.

Sterling Consolidated's Interest Expense for the three months ended in Sep. 2022 was $-0.01 Mil. Its Operating Income for the three months ended in Sep. 2022 was $-0.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was $1.92 Mil.

Sterling Consolidated's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Sterling Consolidated did not have earnings to cover the interest expense.

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

Sterling Consolidated (Sterling Consolidated) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sterling Consolidated Corp (OTCPK:STCC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

1105 Green Grove Road, Neptune, NJ, USA, 07753

Website

http://www.sterlingconsolidated.com

Sterling Consolidated Corp is engaged in the distribution and sale of O-rings used for sealing purposes. It also distributes rubber seals, oil seals, custom molded rubber parts, custom Teflon parts, Teflon rods, O-ring cord, bonded seals, O-ring kits, and stuffing box sealantsbna. These are used in different industries such as automotive, pump, transmissions, oil and energy, machinery, and packaging. It is mainly used as seals to prevent leakage of liquids or air. The company generates most of its revenues through the sale of O-rings and rubber seal products in the US.

Executives

Darren Derosa

director, 10 percent owner, officer: Chief Executive Officer

1105 GREEN GROVE ROAD, NEPTUNE NJ 07753