Reway Group SpA (MIL:RWY) Interest Expense : €-0.8 Mil (TTM As of Jun. 2023)

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What is Reway Group SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reway Group SpA's interest expense for the six months ended in Jun. 2023 was € -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was €-0.8 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. Reway Group SpA's Operating Income for the six months ended in Jun. 2023 was € 9.2 Mil. Reway Group SpA's Interest Expense for the six months ended in Jun. 2023 was € -0.2 Mil. Reway Group SpA's Interest Coverage for the quarter that ended in Jun. 2023 was 44.39. 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.

Reway Group SpA Interest Expense Historical Data

The historical data trend for Reway Group 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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Reway Group SpA Interest Expense Chart

Reway Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.25

-0.21

-0.79

Reway Group SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	-	-0.06	-0.15	-0.21	-0.64

Reway Group 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 €-0.8 Mil.

Reway Group SpA (MIL:RWY) 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.

Reway Group SpA's Interest Expense for the six months ended in Jun. 2023 was €-0.2 Mil. Its Operating Income for the six months ended in Jun. 2023 was €9.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was €5.7 Mil.

Reway Group 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	*	9.234	/	-0.208
	=	44.39

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

Reway Group SpA (MIL:RWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reway Group SpA (MIL:RWY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Canalescuro, Licciana Oak Plan Nardi, Massa and Carrara, ITA

Website

https://www.rewaygroup.com

Reway Group SpA is engaged in the preservation and restoration of the infrastructure. The company deal with the Hydrodemolition of concrete, Mechanical milling, Injections, Steel and aluminum coatings, Waterproofing, Special restoration mortars, Painting, Construction of drains, Construction of nailing, and Lighting coating.

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