Nexi SpA (MIL:NEXI) Interest Expense : €-383 Mil (TTM As of Jun. 2023)

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What is Nexi SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nexi SpA's interest expense for the six months ended in Jun. 2023 was € -156 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was €-383 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. Nexi SpA's Operating Income for the six months ended in Jun. 2023 was € 288 Mil. Nexi SpA's Interest Expense for the six months ended in Jun. 2023 was € -156 Mil. Nexi SpA's Interest Coverage for the quarter that ended in Jun. 2023 was 1.85. 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.

Nexi SpA Interest Expense Historical Data

The historical data trend for Nexi 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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Nexi SpA Interest Expense Chart

Nexi SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-183.28

-86.96

-188.24

-208.26

-383.10

Nexi SpA Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial									-104.88	-105.77	-102.49	-155.67	-227.43

Nexi 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-383 Mil.

Nexi SpA (MIL:NEXI) 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.

Nexi SpA's Interest Expense for the six months ended in Jun. 2023 was €-156 Mil. Its Operating Income for the six months ended in Jun. 2023 was €288 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was €9,393 Mil.

Nexi SpA's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	288.1	/	-155.669
	=	1.85

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

Nexi SpA (MIL:NEXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nexi SpA (MIL:NEXI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NEXPF:USA NEXXY:USA 0NX5:UK NEXIm:UK N0XA:Germany NEXI:Austria

Address

Corso Sempione 55, Milan, ITA, 20149

Website

https://www.nexi.it

Nexi is a payment services provider offering merchant acquiring, card issuing, and digital banking services across Europe. Nexi's services cover the entire payment chain excluding the card scheme. It offers its acquiring and issuing services either in partnerships with banks, providing point-of-sale terminals, processing, or issuing services on their behalf or directly to merchants.