Nordwest Handel AG (FRA:NWX) Interest Expense : €-0.5 Mil (TTM As of Mar. 2024)

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What is Nordwest Handel AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nordwest Handel AG's interest expense for the three months ended in Mar. 2024 was € 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.5 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. Nordwest Handel AG's Operating Income for the three months ended in Mar. 2024 was € 3.8 Mil. Nordwest Handel AG's Interest Expense for the three months ended in Mar. 2024 was € 0.0 Mil. Nordwest Handel AG 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.

Nordwest Handel AG Interest Expense Historical Data

The historical data trend for Nordwest Handel AG'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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Nordwest Handel AG Interest Expense Chart

Nordwest Handel AG Annual Data

Trend

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Dec23

Interest Expense

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-1.72

-1.76

-1.40

-1.83

Nordwest Handel AG 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															-	-0.50	-	-	-

Nordwest Handel AG 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 €-0.5 Mil.

Nordwest Handel AG (FRA:NWX) 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.

Nordwest Handel AG's Interest Expense for the three months ended in Mar. 2024 was €0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was €3.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €0.0 Mil.

Nordwest Handel AG's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Nordwest Handel AG had no long-term debt ⁽¹⁾.

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

Nordwest Handel AG (FRA:NWX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Nordwest Handel AG (FRA:NWX) » Definitions » Interest Expense

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NWX:Germany NWX:Germany

Address

Robert-Schuman-Strasse 17, Dortmund, DEU, D-44263

Website

http://www.nordwest.com

Nordwest Handel AG provides procurement, finance, logistics, IT, and sales services for small and medium sized businesses. It trades in various steel products, such as molded steel/broad flanged beams; and trades in occupational health and safety, construction equipment and components. The company also supplies sanitary/bathroom ceramics and fittings, bathroom furniture and radiators, shower separations, and accessories to plumbers, fitters, and housing societies, as well as to private building owners and renovators.

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