Mynaric AG (FRA:M0YN) Interest Expense : €-15.86 Mil (TTM As of Dec. 2023)

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What is Mynaric AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mynaric AG's interest expense for the six months ended in Dec. 2023 was € -12.20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-15.86 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. Mynaric AG's Operating Income for the six months ended in Dec. 2023 was € -46.13 Mil. Mynaric AG's Interest Expense for the six months ended in Dec. 2023 was € -12.20 Mil. Mynaric AG did not have earnings to cover the interest expense. 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.

Mynaric AG Interest Expense Historical Data

The historical data trend for Mynaric AG'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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Mynaric AG Interest Expense Chart

Mynaric AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.15

-2.55

-15.86

Mynaric AG Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial								-2.14	-0.36	-2.19	-3.67	-12.20

Mynaric AG 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 €-15.86 Mil.

Mynaric AG (FRA:M0YN) 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.

Mynaric AG's Interest Expense for the six months ended in Dec. 2023 was €-12.20 Mil. Its Operating Income for the six months ended in Dec. 2023 was €-46.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €79.33 Mil.

Mynaric AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Mynaric AG did not have earnings to cover the interest expense.

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

Mynaric AG (FRA:M0YN) Business Description

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MYNA:USA MOYFF:USA M0YN:Germany

Address

Dornierstrasse 19, Gilching, BY, DEU, 82205

Website

https://www.mynaric.com

Mynaric AG operates in the communication equipment business sector. The company is engaged in the manufacture and sale of products and projects and the provision of services in the field of laser technology, in particular in the aerospace, telematics, and satellite services sectors. It operates in two segments: Air and Space. The space segment comprises CONDOR terminals, and the Air segment comprises HAWK terminal. The company's product portfolio consists of Optical ground stations, Air-to-ground terminals, Air-to-air terminals, Space terminals, and Custom products and subcomponents. Its applications consist of high-altitude networks, remote eye, satellite constellations, earth observation satellites, and others. Geographically, the majority is from the United States.

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