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Exel Composites Oyj (LTS:0MD5) Interest Expense : €-0.45 Mil (TTM As of Jun. 2024)


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What is Exel Composites Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Exel Composites Oyj's interest expense for the six months ended in Jun. 2024 was € -0.32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-0.45 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. Exel Composites Oyj's Operating Income for the six months ended in Jun. 2024 was € 1.16 Mil. Exel Composites Oyj's Interest Expense for the six months ended in Jun. 2024 was € -0.32 Mil. Exel Composites Oyj's Interest Coverage for the quarter that ended in Jun. 2024 was 3.59. 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.


Exel Composites Oyj Interest Expense Historical Data

The historical data trend for Exel Composites Oyj'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.

* Premium members only.

Exel Composites Oyj Interest Expense Chart

Exel Composites Oyj Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.71 -0.77 -0.42 -0.61 -1.77

Exel Composites Oyj Semi-Annual Data
Sep14 Mar15 Sep15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.01 -0.58 -0.45 -0.13 -0.32

Exel Composites Oyj 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.45 Mil.

* 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.


Exel Composites Oyj  (LTS:0MD5) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Exel Composites Oyj's Interest Expense for the six months ended in Jun. 2024 was €-0.32 Mil. Its Operating Income for the six months ended in Jun. 2024 was €1.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €3.21 Mil.

Exel Composites Oyj's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*1.158/-0.323
=3.59

* 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.

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


Exel Composites Oyj Business Description

Traded in Other Exchanges
Address
Makituvantie 5, Vantaa, FIN, FI-01510
Exel Composites Oyj is a technology company engaged in manufacturers of composite profiles and tubes made with pultrusion and pullwinding technologies and a pultrusion technology forerunner in the composite market. The products offered by the group include tubes, laminates, windows and doors, and others. The firm serves sectors such as transportation, building, construction and infrastructure, energy industry, telecommunication, paper and electrical industries, and cleaning and maintenance. It has a geographic presence in Europe, North America, Asia-Pacific, and the Rest of the World, where the majority of its revenue is generated from Europe.

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