Sanlorenzo SpA (MIL:SL) Interest Expense : €-1.2 Mil (TTM As of Sep. 2023)

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What is Sanlorenzo SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sanlorenzo SpA's interest expense for the three months ended in Sep. 2023 was € -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was €-1.2 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. Sanlorenzo SpA's Operating Income for the three months ended in Sep. 2023 was € 34.4 Mil. Sanlorenzo SpA's Interest Expense for the three months ended in Sep. 2023 was € -0.6 Mil. Sanlorenzo SpA's Interest Coverage for the quarter that ended in Sep. 2023 was 55.79. 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.

Sanlorenzo SpA Interest Expense Historical Data

The historical data trend for Sanlorenzo 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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Sanlorenzo SpA Interest Expense Chart

Sanlorenzo SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

-2.45

-4.20

-1.49

-1.00

-0.87

Sanlorenzo SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.37	-0.35	-0.57	-0.62	-

Sanlorenzo 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1.2 Mil.

Sanlorenzo SpA (MIL:SL) 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.

Sanlorenzo SpA's Interest Expense for the three months ended in Sep. 2023 was €-0.6 Mil. Its Operating Income for the three months ended in Sep. 2023 was €34.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was €0.0 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	34.366	/	-0.616
	=	55.79

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Sanlorenzo SpA has enough cash to cover all of its debt. Its financial situation is stable.

Sanlorenzo SpA (MIL:SL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sanlorenzo SpA (MIL:SL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

6SZA:Germany

Address

Via Armezzone, 3, Cantieri Navali di Ameglia, Ameglia, ITA, 19031

Website

http://www.sanlorenzoyacht.com

Sanlorenzo SpA is engaged in developing, designing, and building motor yachts. The company operates in three segments: Yacht, Superyacht, and Blue game, of which the majority of its revenue comes from the Yacht segment that designs, manufactures, and markets composite yachts between 24 and 38 meters long, under the Sanlorenzo brand. Its manufacturing activities are carried out through shipyards located in Spezia, Ameglia, Viareggio, and Massa. The company's geographical segments are Italy, Europe (other countries), United States, the Americas (other countries), Asia Pacific, and the Middle East and Africa.

Sanlorenzo SpA (MIL:SL) Headlines

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