What is Victory Oilfield Tech Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Victory Oilfield Tech's interest expense for the
three
months ended in Dec. 2023 was $ 0.00 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 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. Victory Oilfield Tech's Operating Income for the
three
months ended in Dec. 2023 was $ -0.35 Mil. Victory Oilfield Tech's Interest Expense for the
three
months ended in Dec. 2023 was $ 0.00 Mil.
Victory Oilfield Tech 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.
Victory Oilfield Tech 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.03 Mil.
* 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.
Victory Oilfield Tech (OTCPK:VYEY) Interest Expense Explanation
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. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Victory Oilfield Tech's Interest Expense for the
three
months ended in Dec. 2023 was $0.00 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $-0.35 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $0.00 Mil.
Victory Oilfield Tech's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
* 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.
The higher the ratio, the stronger the company's financial strength is.
Victory Oilfield Tech (Victory Oilfield Tech) Business Description
Traded in Other Exchanges
N/A
Address
3355 Bee Caves Road, Suite 608, Austin, TX, USA, 78746
Victory Oilfield Tech Inc is an oilfield energy-tech products company focused on improving well performance and extending the lifespan of the industry's most sophisticated and expensive equipment. The company's products include solutions for drill-pipe, production tubing, and radio frequency identification (RFID) enclosures. The company's only reportable segment is Hardband Services. Hardband Services provides various hardbanding solutions to oilfield operators for drill pipe, weight pipe, tubing, and drill collars.
Executives
| Armacor Victory Ventures Llc |
10 percent owner |
26497 RANCHO PARKWAY SOUTH, DANA POINT CA 92630 |
| Eric Eilersten |
director |
C/O VICTORY ENERGY CORPORATION, 3355 BEE CAVES ROAD, SUITE 608, AUSTIN TX 78746 |
| Kevin Deleon |
director |
|
| Ricardo A Salas |
director |
|
| Visionary Private Equity Group I, Lp |
10 percent owner |
1325 W SUNSHINE #162, SPRINGFIELD MO 65807 |
| Michael Cosby |
10 percent owner |
901 E. ST. LOUIS STREET, STE 1800, SPRINGFIELD MO 65806 |
| Visionary Pe Gp I, Llc |
10 percent owner |
1325 W. SUNSHINE ST., NO. 162, SPRINGFIELD MO 65807 |
| Smith Fred James Jr |
officer: Chief Financial Officer |
3355 BEE CAVES RD, SUITE 608, AUSTIN TX 78746 |
| Mark Wendell Biggers |
officer: CHIEF FINANCIAL OFFICER |
3355 BBEE CAVES RD, SUITE 608, AUSTIN TX 78746 |
| Kenneth E Hill |
director, officer: CHIEF OPERATIONS OFFICER |
20341 IRVINE AVENUE, #D-6, NEWPORT BEACH X1 92660 |
| Lindsey Stanley L Jr |
officer: VP EXPLORATION & DEVELOPMENT |
20341 IRVINE AVENUE, #D-6, IRVINE CA 92660 |
| Ronald Zamber |
director |
20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660 |
| Robert W Grenley |
director |
20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660 |
| Robert Miranda |
officer: Chief Executive Officer |
2801 W. COAST HIGHWAY, SUITE 370, NEWPORT BEACH CA 92663 |
| Edgar Trotter |
director |
20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660 |
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