Invalda INVL AB (OVSE:IVL1L) Interest Expense : €-0.32 Mil (TTM As of Dec. 2023)

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What is Invalda INVL AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Invalda INVL AB's interest expense for the six months ended in Dec. 2023 was € -0.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.32 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. Invalda INVL AB's Operating Income for the six months ended in Dec. 2023 was € 19.11 Mil. Invalda INVL AB's Interest Expense for the six months ended in Dec. 2023 was € -0.17 Mil. Invalda INVL AB's Interest Coverage for the quarter that ended in Dec. 2023 was 109.84. 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.

Invalda INVL AB Interest Expense Historical Data

The historical data trend for Invalda INVL AB'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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Invalda INVL AB Interest Expense Chart

Invalda INVL AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.12

-0.13

-0.08

-0.09

-0.32

Invalda INVL AB 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															-	-0.02	-0.07	-0.14	-0.17

Invalda INVL AB 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 €-0.32 Mil.

Invalda INVL AB (OVSE:IVL1L) 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.

Invalda INVL AB's Interest Expense for the six months ended in Dec. 2023 was €-0.17 Mil. Its Operating Income for the six months ended in Dec. 2023 was €19.11 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €0.77 Mil.

Invalda INVL AB'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	*	19.113	/	-0.174
	=	109.84

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

Invalda INVL AB (OVSE:IVL1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invalda INVL AB (OVSE:IVL1L) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Gyneju Street 14, Vilnius, LTU, LT-01109

Website

https://www.invaldainvl.com

Invalda INVL AB is an asset management company. It operates through the Investment management and Investment activity segments. The Investment management segment includes pension, investment funds, alternative investments (private equity, real assets, and private debt) and portfolio management, financial brokerage, and land administration services. The Investment activity segment includes the group investment activities to the unconsolidated subsidiaries, associates, and financial assets at fair value and administrative activities of the companies. The main investment activities of the company are Agriculture; Life insurance; Facility management; Real estate; and Bank activities. The majority of the company's revenue comes from the Investment management segment.

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