AS Harju Elekter (OTSE:HAE1T) Interest Expense : €-2.2 Mil (TTM As of Mar. 2024)

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What is AS Harju Elekter Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AS Harju Elekter's interest expense for the three months ended in Mar. 2024 was € -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-2.2 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. AS Harju Elekter's Operating Income for the three months ended in Mar. 2024 was € 1.1 Mil. AS Harju Elekter's Interest Expense for the three months ended in Mar. 2024 was € -0.6 Mil. AS Harju Elekter's Interest Coverage for the quarter that ended in Mar. 2024 was 1.91. 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.

AS Harju Elekter Interest Expense Historical Data

The historical data trend for AS Harju Elekter'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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AS Harju Elekter Interest Expense Chart

AS Harju Elekter Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.23

-0.38

-0.35

-0.65

-2.16

AS Harju Elekter Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.55	-1.03	-0.34	-0.25	-0.59

AS Harju Elekter 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2.2 Mil.

AS Harju Elekter (OTSE:HAE1T) 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.

AS Harju Elekter's Interest Expense for the three months ended in Mar. 2024 was €-0.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was €1.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €23.2 Mil.

AS Harju Elekter's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1.124	/	-0.59
	=	1.91

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

AS Harju Elekter (OTSE:HAE1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AS Harju Elekter (OTSE:HAE1T) » Definitions » Interest Expense

Traded in Other Exchanges

HD8:Germany

Address

Paldiski maantee 31, Keila, EST, 76606

Website

https://www.harjuelekter.com

AS Harju Elekter is an Estonia-based company engaged in the production of electrical equipment. The company operates in two segments including Production and Real estate. The Production segment includes factories producing power distribution and control equipment in Estonia, Finland, Sweden, and Lithuania. The core production of factories consists of equipment for the distribution of medium and low-voltage electricity, various electrical power switching and conversion devices, and automation and control centers for use by the energy, industrial, and maritime sectors, and infrastructure objects. The Real estate segment includes the development, project management, leasing, and other related services of industrial real estate for leasing partners and the group's companies.

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