Geox SpA (MIL:GEO) Interest Expense : €-16.0 Mil (TTM As of Dec. 2023)

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What is Geox SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Geox SpA's interest expense for the six months ended in Dec. 2023 was € -8.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-16.0 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. Geox SpA's Operating Income for the six months ended in Dec. 2023 was € 13.4 Mil. Geox SpA's Interest Expense for the six months ended in Dec. 2023 was € -8.1 Mil. Geox SpA's Interest Coverage for the quarter that ended in Dec. 2023 was 1.65. 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.

Geox SpA Interest Expense Historical Data

The historical data trend for Geox 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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Geox SpA Interest Expense Chart

Geox SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9.43

-8.31

-7.69

-11.23

-15.98

Geox SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-3.45	-4.53	-6.70	-7.89	-8.09

Geox SpA 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-16.0 Mil.

Geox SpA (MIL:GEO) 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.

Geox SpA's Interest Expense for the six months ended in Dec. 2023 was €-8.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was €13.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €278.2 Mil.

Geox 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	*	13.35	/	-8.088
	=	1.65

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Geox SpAs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Geox SpA (MIL:GEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Geox SpA (MIL:GEO) » Definitions » Interest Expense

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Traded in Other Exchanges

0KHH:UK GHH:Germany

Address

Via Feltrina Centro, 16, Biadene di Montebelluna, Treviso, ITA, 31044

Website

https://www.geox.biz

Geox SpA is engaged in the production and sales of footwear and apparel to retail and end-customers under the Geox brand. Due to technological solutions. It also grants distribution rights and the use of the brand name to third parties in the markets where it has no direct presence. The operating segments of the group are based on its products, namely Footwear and Apparel. It derives a majority of the revenue from the Footwear segment which relates to the sale of footwear products. The company has a commercial presence in Italy, Europe, North America, and other countries where its key revenue comes from Europe.