Meriaura Group (OSTO:MERIS) Interest Expense : kr-15.7 Mil (TTM As of Dec. 2023)

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What is Meriaura Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meriaura Group's interest expense for the six months ended in Dec. 2023 was kr -9.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-15.7 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. Meriaura Group's Operating Income for the six months ended in Dec. 2023 was kr 12.4 Mil. Meriaura Group's Interest Expense for the six months ended in Dec. 2023 was kr -9.1 Mil. Meriaura Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.36. 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.

Meriaura Group Interest Expense Historical Data

The historical data trend for Meriaura Group'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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Meriaura Group Interest Expense Chart

Meriaura Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.44

-1.59

-1.13

-1.66

-15.46

Meriaura Group 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															0.59	-1.35	-0.26	-6.65	-9.08

Meriaura Group 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 kr-15.7 Mil.

Meriaura Group (OSTO:MERIS) 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.

Meriaura Group's Interest Expense for the six months ended in Dec. 2023 was kr-9.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was kr12.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was kr137.1 Mil.

Meriaura Group'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	*	12.394	/	-9.083
	=	1.36

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Meriaura Group Plcs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Meriaura Group (OSTO:MERIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Meriaura Group Plc (OSTO:MERIS) » Definitions » Interest Expense

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MERIH:Finland 5J4:Germany

Address

Insinoorinkatu 7, Mikkeli, FIN, FI-50150

Website

https://www.meriauraenergy.com

Meriaura Group Plc is a Finland-based company engaged in two businesses Renewable Energy and Marine Logistics. The renewable energy business area designs and delivers clean energy production systems as comprehensive deliveries. Its systems are built around large-scale solar heating systems implemented using high-performance solar thermal collectors manufactured by the company. The marine logistics business consists of the business operations of Meriaura Oy and VG-EcoFuel Oy. Meriaura is a provider of transport for bulk cargo and demanding project deliveries in Northern Europe. The company generates the majority of its revenue from the renewable energy segment.

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