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Faro Technologies (FRA:FT1) Interest Expense : €-3.1 Mil (TTM As of Mar. 2024)


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What is Faro Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Faro Technologies's interest expense for the three months ended in Mar. 2024 was € -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-3.1 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. Faro Technologies's Operating Income for the three months ended in Mar. 2024 was € -4.9 Mil. Faro Technologies's Interest Expense for the three months ended in Mar. 2024 was € -0.8 Mil. Faro Technologies 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.

Faro Technologies Interest Expense Historical Data

The historical data trend for Faro Technologies'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.

Faro Technologies Interest Expense Chart

Faro Technologies 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 -0.70 - -0.05 - -3.07

Faro Technologies 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 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 -0.78 -0.93 -0.65 -0.75 -0.77

Faro Technologies 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 €-3.1 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.

Faro Technologies  (FRA:FT1) 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.

Faro Technologies's Interest Expense for the three months ended in Mar. 2024 was €-0.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-4.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €76.0 Mil.

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

Faro Technologies 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.

Faro Technologies (FRA:FT1) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Faro Technologies Inc (FRA:FT1) » Definitions » Interest Expense
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Traded in Other Exchanges
FARO:USA
Address
250 Technology Park, Lake Mary, FL, USA, 32746
Website
https://www.faro.com
Faro Technologies Inc is a global technology company. It designs, develops, manufactures, markets and supports software-driven, three-dimensional (3-D) measurement, imaging, and realization solutions for the 3D metrology, architecture, engineering and construction (AEC), Operations and Maintenance (O&M) and public safety analytics markets. The company enables its customers to capture, measure, manipulate, interact with and share 3D and 2D data from the physical world in a virtual environment and then translate the information back into the physical domain. FARO suite of 3D products and software solutions are used for the inspection of components and assemblies, rapid prototyping, reverse engineering, documenting large volumes or structures in 3D, surveying, and construction.

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