Corticeira Amorim SGPS (XLIS:COR) Interest Expense : €-9.0 Mil (TTM As of Dec. 2023)

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What is Corticeira Amorim SGPS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corticeira Amorim SGPS's interest expense for the three months ended in Dec. 2023 was € -3.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-9.0 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. Corticeira Amorim SGPS's Operating Income for the three months ended in Dec. 2023 was € 18.4 Mil. Corticeira Amorim SGPS's Interest Expense for the three months ended in Dec. 2023 was € -3.1 Mil. Corticeira Amorim SGPS's Interest Coverage for the quarter that ended in Dec. 2023 was 5.88. 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.

Corticeira Amorim SGPS Interest Expense Historical Data

The historical data trend for Corticeira Amorim SGPS'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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Corticeira Amorim SGPS Interest Expense Chart

Corticeira Amorim SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.43

-1.73

-1.57

-3.21

-9.01

Corticeira Amorim SGPS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.24	-1.05	-1.94	-2.89	-3.13

Corticeira Amorim SGPS 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 quarterly data reported by the company within the most recent 12 months, which was €-9.0 Mil.

Corticeira Amorim SGPS (XLIS:COR) 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.

Corticeira Amorim SGPS's Interest Expense for the three months ended in Dec. 2023 was €-3.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was €18.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €101.8 Mil.

Corticeira Amorim SGPS'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	*	18.42	/	-3.131
	=	5.88

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

Corticeira Amorim SGPS (XLIS:COR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Corticeira Amorim SGPS SA (XLIS:COR) » Definitions » Interest Expense

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0O7J:UK AS4:Germany

Address

No. 380, Rua Comendador Américo Ferreira de Amorim, Mozelos, PRT, 4536-902

Website

https://www.corticeiraamorim.com

Corticeira Amorim SGPS SA (Corticeira Amorim) is a holding company engaged in cork-related products. Group organizes its activities into five business divisions: Raw Materials, Cork Stoppers, Floor and wall Coverings, Cork Composites, and Insulation Cork. The company's products include stoppers for wine and other spirits, granulated cork, rubber cork, cork floorings and giftware. The business of the company is operated through Portugal, Spain, Tunisia, the United States, Australia, Germany, China, Italy, Argentina, France and Netherlands. The company derives majority of the revenue from European region.