Somec SpA (MIL:SOM) Interest Expense : €-5.5 Mil (TTM As of Dec. 2023)

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What is Somec SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Somec SpA's interest expense for the six months ended in Dec. 2023 was € -2.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-5.5 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. Somec SpA's Operating Income for the six months ended in Dec. 2023 was € -0.7 Mil. Somec SpA's Interest Expense for the six months ended in Dec. 2023 was € -2.8 Mil. Somec SpA did not have earnings to cover the interest expense. 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.

Somec SpA Interest Expense Historical Data

The historical data trend for Somec 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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Somec SpA Interest Expense Chart

Somec SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.21

-1.76

-1.50

-2.39

-5.49

Somec SpA Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial									-0.93	-0.79	-1.60	-2.70	-2.79

Somec 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 €-5.5 Mil.

Somec SpA (MIL:SOM) 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.

Somec SpA's Interest Expense for the six months ended in Dec. 2023 was €-2.8 Mil. Its Operating Income for the six months ended in Dec. 2023 was €-0.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €31.8 Mil.

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

Somec SpA did not have earnings to cover the interest expense.

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. Somec SpAs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Somec SpA (MIL:SOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Somec SpA (MIL:SOM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Palu, 30, San Vendemiano, Treviso, ITA, 31020

Website

http://www.somecgroup.com

Somec SpA designs and manufactures glass envelopes for cruise ships and special architectural projects. Its products include balcony sliding doors, public area doors, handrails, windscreens, and balcony dividers.

Somec SpA (MIL:SOM) Headlines

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