Elecster Oyj (OHEL:ELEAV) Interest Expense : €-1.10 Mil (TTM As of Mar. 2023)

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What is Elecster Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Elecster Oyj's interest expense for the three months ended in Mar. 2023 was € -0.78 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was €-1.10 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. Elecster Oyj's Operating Income for the three months ended in Mar. 2023 was € 0.71 Mil. Elecster Oyj's Interest Expense for the three months ended in Mar. 2023 was € -0.78 Mil. Elecster Oyj's Interest Coverage for the quarter that ended in Mar. 2023 was 0.91. 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.

Elecster Oyj Interest Expense Historical Data

The historical data trend for Elecster 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.

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Elecster Oyj Interest Expense Chart

Elecster Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.40

-1.29

-0.88

-2.32

-2.74

Elecster Oyj Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.05	-0.32	-	-0.78	-

Elecster 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1.10 Mil.

Elecster Oyj (OHEL:ELEAV) 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.

Elecster Oyj's Interest Expense for the three months ended in Mar. 2023 was €-0.78 Mil. Its Operating Income for the three months ended in Mar. 2023 was €0.71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was €10.54 Mil.

Elecster Oyj's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	0.712	/	-0.784
	=	0.91

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

Elecster Oyj (OHEL:ELEAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elecster Oyj (OHEL:ELEAV) » Definitions » Interest Expense

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Address

Sontulantie 382, PL 39, Akaa, FIN, 37801

Website

http://www.elecster.fi

Elecster Oyj operates as an engineering and manufacturer of dairy machinery and packaging material. It is involved in the supply of product such as ultra-high temperature lines, sterilizers, aseptic, extended shelf life, and pasteurized pouch filling machines, autopackers and related economical and ecological packaging materials. Geographically, the activities are operated through Finland and it also owns packaging material production lines in Finland.

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