Merus Power Oyj (OHEL:MERUS) Interest Expense : €-0.32 Mil (TTM As of Dec. 2023)

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What is Merus Power Oyj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Merus Power Oyj's interest expense for the six months ended in Dec. 2023 was € -0.18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.32 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. Merus Power Oyj's Operating Income for the six months ended in Dec. 2023 was € 0.20 Mil. Merus Power Oyj's Interest Expense for the six months ended in Dec. 2023 was € -0.18 Mil. Merus Power Oyj's Interest Coverage for the quarter that ended in Dec. 2023 was 1.09. 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.

Merus Power Oyj Interest Expense Historical Data

The historical data trend for Merus Power 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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Merus Power Oyj Interest Expense Chart

Merus Power Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.09

-0.11

-1.30

-0.16

-0.32

Merus Power Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial					-0.08	-0.14	-0.03	-0.14	-0.18

Merus Power 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.32 Mil.

Merus Power Oyj (OHEL:MERUS) 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.

Merus Power Oyj's Interest Expense for the six months ended in Dec. 2023 was €-0.18 Mil. Its Operating Income for the six months ended in Dec. 2023 was €0.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €1.80 Mil.

Merus Power Oyj'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	*	0.2	/	-0.184
	=	1.09

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

Merus Power Oyj (OHEL:MERUS) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Merus Power Oyj (OHEL:MERUS) » Definitions » Interest Expense

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99H:Germany

Address

Pirkkalaistie 1, Nokia, FIN, 37100

Website

https://www.meruspower.fi

Merus Power Oyj Is engaged in the design, manufacturing and sale of domestic innovative electricity storage, power quality solutions and services. The company's business is based on scalable and modular power electronics, intelligent software technologies and electrical engineering expertise.

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