Payton Planar Magnetics (XBRU:PAY) Interest Expense : €-0.01 Mil (TTM As of Mar. 2024)

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What is Payton Planar Magnetics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Payton Planar Magnetics's interest expense for the three months ended in Mar. 2024 was € -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.01 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. Payton Planar Magnetics's Operating Income for the three months ended in Mar. 2024 was € 3.33 Mil. Payton Planar Magnetics's Interest Expense for the three months ended in Mar. 2024 was € -0.03 Mil. Payton Planar Magnetics's Interest Coverage for the quarter that ended in Mar. 2024 was 101.00. 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.

Payton Planar Magnetics Interest Expense Historical Data

The historical data trend for Payton Planar Magnetics'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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Payton Planar Magnetics Interest Expense Chart

Payton Planar Magnetics Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

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Dec23

Interest Expense

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-0.05

-0.01

-0.04

-0.02

Payton Planar Magnetics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.07	-0.04	-0.13	0.20	-0.03

Payton Planar Magnetics 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.01 Mil.

Payton Planar Magnetics (XBRU:PAY) 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.

Payton Planar Magnetics's Interest Expense for the three months ended in Mar. 2024 was €-0.03 Mil. Its Operating Income for the three months ended in Mar. 2024 was €3.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €0.00 Mil.

Payton Planar Magnetics's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	3.333	/	-0.033
	=	101.00

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

Good Sign:

Payton Planar Magnetics Ltd has no debt.

Payton Planar Magnetics (XBRU:PAY) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Payton Planar Magnetics Ltd (XBRU:PAY) » Definitions » Interest Expense

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PAYb:UK

Address

3 Ha’avoda Street, P.O. Box 2016, Ness-Ziona, ISR

Website

https://www.paytongroup.com

Payton Planar Magnetics Ltd Formerly Payton Planar Magnetics develops, manufactures and markets planar and conventional transformers and operates abroad through its subsidiaries and distributors. The business operates in one business segment that is Transformers. Geographically the company exports its services to Israel, Europe, America, and Asia. The Asian region generates maximum revenue for the company. The product line of the company consists of planar transformers, inductors, and off the shelf transformers. Export sales generate maximum revenue for the company.