Arteche Lantegi Elekartea (XMAD:ART) Interest Expense : €-7.9 Mil (TTM As of Dec. 2023)

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What is Arteche Lantegi Elekartea Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arteche Lantegi Elekartea's interest expense for the six months ended in Dec. 2023 was € -4.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-7.9 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. Arteche Lantegi Elekartea's Operating Income for the six months ended in Dec. 2023 was € 15.7 Mil. Arteche Lantegi Elekartea's Interest Expense for the six months ended in Dec. 2023 was € -4.3 Mil. Arteche Lantegi Elekartea's Interest Coverage for the quarter that ended in Dec. 2023 was 3.69. 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.

Arteche Lantegi Elekartea Interest Expense Historical Data

The historical data trend for Arteche Lantegi Elekartea'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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Arteche Lantegi Elekartea Interest Expense Chart

Arteche Lantegi Elekartea Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-6.11

-5.30

-4.14

-4.78

-7.94

Arteche Lantegi Elekartea Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial				-2.22	-1.99	-2.79	-3.67	-4.26

Arteche Lantegi Elekartea 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 €-7.9 Mil.

Arteche Lantegi Elekartea (XMAD:ART) 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.

Arteche Lantegi Elekartea's Interest Expense for the six months ended in Dec. 2023 was €-4.3 Mil. Its Operating Income for the six months ended in Dec. 2023 was €15.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €65.8 Mil.

Arteche Lantegi Elekartea'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	*	15.749	/	-4.264
	=	3.69

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

Arteche Lantegi Elekartea (XMAD:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arteche Lantegi Elekartea SA (XMAD:ART) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Derio Bidea 28, Bizkaia, Mungia, ESP, 48100

Website

https://www.arteche.com

Arteche Lantegi Elekartea SA is engaged in developing equipment and solutions for the electric power industry. The product portfolio of the company includes High voltage instrument transformers, Digital Instrument Transformers, Trip, supervision, and auxiliary relays, Medium voltage sensors, and Reclosers and switches among others.

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