E-Globe SpA (MIL:EGB) Interest Expense : € Mil (TTM As of Dec. 2023)

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What is E-Globe SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. E-Globe SpA's interest expense for the six months ended in Dec. 2023 was € -2.95 Mil. E-Globe SpA does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2023.

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. E-Globe SpA's Operating Income for the six months ended in Dec. 2023 was € 4.94 Mil. E-Globe SpA's Interest Expense for the six months ended in Dec. 2023 was € -2.95 Mil. E-Globe SpA's Interest Coverage for the quarter that ended in Dec. 2023 was 1.67. 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.

E-Globe SpA Interest Expense Historical Data

The historical data trend for E-Globe SpA'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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E-Globe SpA Interest Expense Chart

E-Globe SpA Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-1.21

-3.31

-2.95

E-Globe SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Interest Expense	-1.21	-3.31	-2.95

E-Globe SpA Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

E-Globe SpA (MIL:EGB) 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.

E-Globe SpA's Interest Expense for the six months ended in Dec. 2023 was €-2.95 Mil. Its Operating Income for the six months ended in Dec. 2023 was €4.94 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €1.54 Mil.

E-Globe SpA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	4.938	/	-2.954
	=	1.67

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

E-Globe SpA (MIL:EGB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » E-Globe SpA (MIL:EGB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Loc. Lipuda industrial area, Cirò Marina, ITA, 88811

Website

https://www.e-globe.it

E-Globe SpA is an Italian Based Company which designs and distributes State of the art thermo-hydraulic and conditioning systems. The Company specializes in the sale of air conditioners, fan coils, electric pumps, solar panels, boilers and stoves. The company is associated with various brands such as ABB, aquatherm, ariston, Baxi, and carrier.

E-Globe SpA (MIL:EGB) Headlines

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