Grab2Go AS (OTSE:GRB2G) Interest Expense : € Mil (TTM As of Jun. 2023)

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What is Grab2Go AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grab2Go AS's interest expense for the six months ended in Jun. 2023 was € -0.00 Mil. Grab2Go AS does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Jun. 2023.

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. Grab2Go AS's Operating Income for the six months ended in Jun. 2023 was € -0.21 Mil. Grab2Go AS's Interest Expense for the six months ended in Jun. 2023 was € -0.00 Mil. Grab2Go AS 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.

Grab2Go AS Interest Expense Historical Data

The historical data trend for Grab2Go AS'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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Grab2Go AS Interest Expense Chart

Grab2Go AS Annual Data

Trend

Dec21

Dec22

Interest Expense

Grab2Go AS Semi-Annual Data
	Jun22	Dec22	Jun23
Interest Expense	-	-	-

Grab2Go AS Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Grab2Go AS (OTSE:GRB2G) 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.

Grab2Go AS's Interest Expense for the six months ended in Jun. 2023 was €-0.00 Mil. Its Operating Income for the six months ended in Jun. 2023 was €-0.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was €0.00 Mil.

Grab2Go AS's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Grab2Go AS did not have earnings to cover the interest expense.

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

Grab2Go AS (OTSE:GRB2G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grab2Go AS (OTSE:GRB2G) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Veskiposti tn 2-1002, Harju maakond, Tallinn, EST, 10138

Website

https://www.grab2go.eu

Grab2Go AS develops and manufactures autonomous, unmanned and robotic convenience store and pharmacy technology. Its technology and solutions make it possible to achieve a significant increase in efficiency, resource savings and a better consumer experience in the operation of convenience stores, pharmacies and other similar points of sale. The company has developed a completely unique Cloud Platform to remotely manage and operate Its Autonomous Stores in Real-Time. Grab2Go earns revenue from the sale of hardware solutions (machines) (one-time revenue), maintenance of hardware solutions (machines) (periodic payments), licensing of software solutions (periodic payments) and software development.

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