McCoy Global (McCoy Global) Interest Expense : $-0.24 Mil (TTM As of Mar. 2024)

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What is McCoy Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. McCoy Global's interest expense for the three months ended in Mar. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.24 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. McCoy Global's Operating Income for the three months ended in Mar. 2024 was $ 0.86 Mil. McCoy Global's Interest Expense for the three months ended in Mar. 2024 was $ 0.00 Mil. GuruFocus does not calculate McCoy Global's interest coverage with the available data. 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.

McCoy Global Interest Expense Historical Data

The historical data trend for McCoy Global'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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McCoy Global Interest Expense Chart

McCoy Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.55

-0.77

-0.63

-0.54

-0.51

McCoy Global Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.26	-	0.01	-0.25	-

McCoy Global 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.24 Mil.

McCoy Global (OTCPK:MCCRF) 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.

McCoy Global's Interest Expense for the three months ended in Mar. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.86 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2.23 Mil.

McCoy Global's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

GuruFocus does not calculate McCoy Global's interest coverage with the available data.

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

McCoy Global (McCoy Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » McCoy Global Inc (OTCPK:MCCRF) » Definitions » Interest Expense

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773:Germany MCB:Canada

Address

9910 39th Avenue NW, Suite 201, Edmonton, AB, CAN, T6E 5H8

Website

https://www.mccoyglobal.com

McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is engaged in the design, production and distribution of capital equipment to support tubular running operations, enhance wellbore integrity and to support capital equipment sales through aftermarket products and services such as technical support, consumables and replacement parts. Some of its products are specialized hydraulic power tongs, dies, and inserts, make or break torque equipment, and computerized torque turn monitoring systems.

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