Piraeus Port Authority (LTS:0FHO) Interest Expense : €-3.1 Mil (TTM As of Dec. 2023)

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What is Piraeus Port Authority Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Piraeus Port Authority's interest expense for the six months ended in Dec. 2023 was € -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-3.1 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. Piraeus Port Authority's Operating Income for the six months ended in Dec. 2023 was € 50.7 Mil. Piraeus Port Authority's Interest Expense for the six months ended in Dec. 2023 was € -1.0 Mil. Piraeus Port Authority's Interest Coverage for the quarter that ended in Dec. 2023 was 52.17. 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.

Piraeus Port Authority Interest Expense Historical Data

The historical data trend for Piraeus Port Authority'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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Piraeus Port Authority Interest Expense Chart

Piraeus Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.47

-3.41

-3.31

-2.64

-3.08

Piraeus Port Authority Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.66	-1.63	-1.02	-2.11	-0.97

Piraeus Port Authority 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 €-3.1 Mil.

Piraeus Port Authority (LTS:0FHO) 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.

Piraeus Port Authority's Interest Expense for the six months ended in Dec. 2023 was €-1.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was €50.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €88.3 Mil.

Piraeus Port Authority'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	*	50.66	/	-0.971
	=	52.17

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

Piraeus Port Authority (LTS:0FHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Piraeus Port Authority SA (LTS:0FHO) » Definitions » Interest Expense

Traded in Other Exchanges

PPA:Greece PZE:Germany

Address

10 Akti Miaouli street, Piraeus, GRC, 18538

Website

https://www.olp.gr

Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.

Piraeus Port Authority (LTS:0FHO) Headlines

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