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In this tutorial, Christian from Perfect Ocular discusses interest expense, emphasizing its significance for investors and traders. Interest expense represents the portion of a company’s cash flow allocated to paying interest on its debt, and it can be found on the income statement. Christian provides an example using McDonald's Corporation’s annual income statement. He instructs viewers to scroll approximately halfway down the income statement to locate this information, noting that while formats may vary, they are generally similar. The video aims to enhance understanding of financial statements for smart investing.