Energy Solar Tech (XMAD:ETC) Interest Expense : € Mil (TTM As of Dec. 2021)

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What is Energy Solar Tech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Energy Solar Tech's interest expense for the six months ended in Dec. 2021 was € -0.04 Mil. Energy Solar Tech does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2021.

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. Energy Solar Tech's Operating Income for the six months ended in Dec. 2021 was € 0.16 Mil. Energy Solar Tech's Interest Expense for the six months ended in Dec. 2021 was € -0.04 Mil. Energy Solar Tech's Interest Coverage for the quarter that ended in Dec. 2021 was 3.63. 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.

Energy Solar Tech Interest Expense Historical Data

The historical data trend for Energy Solar Tech'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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Energy Solar Tech Interest Expense Chart

Energy Solar Tech Annual Data

Trend

Dec20

Dec21

Interest Expense

-0.01

-0.04

Energy Solar Tech Semi-Annual Data
	Dec20	Dec21
Interest Expense	-0.01	-0.04

Energy Solar Tech Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Energy Solar Tech (XMAD:ETC) 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.

Energy Solar Tech's Interest Expense for the six months ended in Dec. 2021 was €-0.04 Mil. Its Operating Income for the six months ended in Dec. 2021 was €0.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2021 was €0.90 Mil.

Energy Solar Tech's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2021 )	/	Interest Expense (Q: Dec. 2021 )
	=	-1	*	0.156	/	-0.043
	=	3.63

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

Energy Solar Tech (XMAD:ETC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energy Solar Tech SA (XMAD:ETC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

DH4:Germany

Address

C/ Ruso, 18, Las Rozas de Madrid, Madrid, ESP, 28290

Website

https://www.energysolartech.com

Energy Solar Tech SA is a technology company in the energy sector whose mission is to facilitate the migration of companies to renewable energies, The company offers its clients energy generation and efficiency technologies through its offer of energy Outsourcing services under the Energy As A Service model.

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