Teco 2030 ASA (Teco 2030 ASA) Interest Expense : $-1.40 Mil (TTM As of Sep. 2023)

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What is Teco 2030 ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Teco 2030 ASA's interest expense for the three months ended in Sep. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.40 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. Teco 2030 ASA's Operating Income for the three months ended in Sep. 2023 was $ -2.17 Mil. Teco 2030 ASA's Interest Expense for the three months ended in Sep. 2023 was $ 0.00 Mil. GuruFocus does not calculate Teco 2030 ASA'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.

Teco 2030 ASA Interest Expense Historical Data

The historical data trend for Teco 2030 ASA'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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Teco 2030 ASA Interest Expense Chart

Teco 2030 ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Expense

-0.02

-0.24

-0.91

Teco 2030 ASA Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial									-0.37	-0.23	-0.48	-0.69	-

Teco 2030 ASA 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.40 Mil.

Teco 2030 ASA (OTCPK:TECFF) 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.

Teco 2030 ASA's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-2.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $10.39 Mil.

Teco 2030 ASA's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

GuruFocus does not calculate Teco 2030 ASA's interest coverage with the available data.

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

Teco 2030 ASA (Teco 2030 ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Teco 2030 ASA (OTCPK:TECFF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TECO:Norway TE9:Germany

Address

Lysaker Torg 12, Lysaker, NOR, 1366

Website

https://www.teco2030.no

Teco 2030 ASA is an engineering and equipment development company in the renewable energy sector. The company is developing technologies for marine emission reduction like Proton-exchange membrane fuel cells system integration and particulate and black carbon capture for exhaust gas cleaning. Its solutions include TECO PEM Fuel cells, TECO Future Funnel, TECO Future Funnel, and TECO Fuel Cell Factory. Its geographical segments are the United States and Malaysia, of which the USA accounts for the majority of the revenue.