Movement Industries (Movement Industries) Interest Expense : $ Mil (TTM As of Jun. 2023)

View and export this data going back to . Start your Free Trial

What is Movement Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Movement Industries's interest expense for the six months ended in Jun. 2023 was $ 0.00 Mil. Movement Industries does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Jun. 2023.

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. Movement Industries's Operating Income for the six months ended in Jun. 2023 was $ -0.03 Mil. Movement Industries's Interest Expense for the six months ended in Jun. 2023 was $ 0.00 Mil. Movement Industries 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.

Movement Industries Interest Expense Historical Data

The historical data trend for Movement Industries'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.

* Premium members only.

Movement Industries Interest Expense Chart

Movement Industries Annual Data

Trend

Jun22

Jun23

Interest Expense

Movement Industries Semi-Annual Data
	Jun22	Jun23
Interest Expense	-	-

Movement Industries Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Movement Industries (OTCPK:MVNT) 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.

Movement Industries's Interest Expense for the six months ended in Jun. 2023 was $0.00 Mil. Its Operating Income for the six months ended in Jun. 2023 was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $0.00 Mil.

Movement Industries's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Movement Industries had no long-term debt ⁽¹⁾.

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

Good Sign:

Movement Industries Corp has no debt.

Movement Industries (Movement Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Movement Industries Corp (OTCPK:MVNT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6829 Flintlock Road, Houston, TX, USA, 77040

Website

https://www.mvmnt.in

Movement Industries Corp is engaged in investments in emerging growth companies in the energy, oil and gas, and industrial manufacturing sectors. The company also offers its services to utilities, technology, agriculture, and medical industries. It provides valves, actuators, pumps, tanks, and wellhead control panels, CNC Machining, Waterjet, Plasma, Laser Cutting, Welding and Fabrication, control systems, and communication systems among its many products and services. The company operates in North America, South America and is expanding globally with new ventures into Africa and market studies into the European and Asian markets.