Technogym SpA (MIL:TGYM) Interest Expense : €-0.9 Mil (TTM As of Dec. 2023)

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What is Technogym SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Technogym SpA's interest expense for the six months ended in Dec. 2023 was € 11.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.9 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. Technogym SpA's Operating Income for the six months ended in Dec. 2023 was € 62.7 Mil. Technogym SpA's Interest Expense for the six months ended in Dec. 2023 was € 11.7 Mil. Technogym SpA 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.

Technogym SpA Interest Expense Historical Data

The historical data trend for Technogym SpA'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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Technogym SpA Interest Expense Chart

Technogym SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.85

-0.93

-0.87

-0.83

-0.90

Technogym SpA Semi-Annual Data
	Dec13	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															5.19	-11.00	10.16	-12.64	11.74

Technogym SpA 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 €-0.9 Mil.

Technogym SpA (MIL:TGYM) 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.

Technogym SpA's Interest Expense for the six months ended in Dec. 2023 was €11.7 Mil. Its Operating Income for the six months ended in Dec. 2023 was €62.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €34.2 Mil.

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

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Technogym SpA has enough cash to cover all of its debt. Its financial situation is stable.

Technogym SpA (MIL:TGYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Technogym SpA (MIL:TGYM) » Definitions » Interest Expense

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Traded in Other Exchanges

TCCHF:USA 0RG1:UK TN2:Germany

Address

Via Calcinaro, 2861, Cesena, ITA, 47521

Website

https://www.technogym.com

Technogym SpA is a fitness equipment manufacturer. The company offers integrated solutions for personal wellness consisting of equipment, services, and digital solutions that can be personalized and adapted to specific needs of end users and professional operators. The company offers a range of wellness, physical exercise and rehabilitation solutions to the major segments of the fitness equipment market and to the overall wellness industry. Its geographical segments are Europe (except Italy), APAC, North America, MEIA, Italy, and LATAM.

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