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ASII (Accredited Solutions) Interest Expense : $-0.44 Mil (TTM As of Sep. 2024)


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What is Accredited Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Accredited Solutions's interest expense for the three months ended in Sep. 2024 was $ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.44 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. Accredited Solutions's Operating Income for the three months ended in Sep. 2024 was $ -0.38 Mil. Accredited Solutions's Interest Expense for the three months ended in Sep. 2024 was $ -0.04 Mil. Accredited Solutions 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.

Accredited Solutions Interest Expense Historical Data

The historical data trend for Accredited Solutions'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.

Accredited Solutions Interest Expense Chart

Accredited Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.34 -0.07 - -0.78 -0.40

Accredited Solutions Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.05 -0.26 -0.12 -0.02 -0.04

Accredited Solutions 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.44 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.

Accredited Solutions  (OTCPK:ASII) 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.

Accredited Solutions's Interest Expense for the three months ended in Sep. 2024 was $-0.04 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.00 Mil.

Accredited Solutions's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Accredited Solutions did not have earnings to cover the interest expense.

* 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.

Accredited Solutions Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Accredited Solutions Inc (OTCPK:ASII) » Definitions » Interest Expense
Comparable Companies
NEVIF KO PEP MNST HKSE:09633 KDP LSE:CCEP HKSE:02097 COCSF LSE:CCH NSE:VBL MEX:AC CELH PRMB COKE TSE:2587 TSE:2267 HKSE:00220 FIZZ SHSE:603156
Traded in Other Exchanges
N/A
Address
20311 Chartwell Center Drive, Suite 1469, Cornelius, NC, USA, 28031
Website
https://www.diamondcreekwater.com
Accredited Solutions Inc is engaged in providing high alkaline natural spring water through the Diamond Creek brand.
Executives
Alessi William Rosario Jr director, officer: Chief Executive Officer 20311 CHARTWELL CENTER DR., STE. 1469, CORNELIUS NC 28031
Christopher Phillip Chumas director 7018 BROOKSTONE LANE, INDIAN LAND SC 29707
Daniel M. Ferris director, 10 percent owner, officer: President, Sec'y & Treasurer 98 REDCLIFFE GARDEN, FLAT 3, LONDON X0 SW109HH
John Graham Rhoden 10 percent owner 15 VICTORIAN CRESCENT, TOWN MOOR, SOUTH YORKSHIRE, DONCASTER X0 DN2 58P