Wise Finance (WAR:IBS) Interest Expense : zł-2.19 Mil (TTM As of Mar. 2024)

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What is Wise Finance Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wise Finance's interest expense for the three months ended in Mar. 2024 was zł -0.63 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was zł-2.19 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. Wise Finance's Operating Income for the three months ended in Mar. 2024 was zł 0.60 Mil. Wise Finance's Interest Expense for the three months ended in Mar. 2024 was zł -0.63 Mil. Wise Finance's Interest Coverage for the quarter that ended in Mar. 2024 was 0.96. 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.

Wise Finance Interest Expense Historical Data

The historical data trend for Wise Finance'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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Wise Finance Interest Expense Chart

Wise Finance Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.22

-0.03

-0.54

-1.56

Wise Finance 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															-0.21	-0.54	-0.36	-0.66	-0.63

Wise Finance 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 zł-2.19 Mil.

Wise Finance (WAR:IBS) 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.

Wise Finance's Interest Expense for the three months ended in Mar. 2024 was zł-0.63 Mil. Its Operating Income for the three months ended in Mar. 2024 was zł0.60 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was zł20.23 Mil.

Wise Finance'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	*	0.604	/	-0.63
	=	0.96

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

Wise Finance (WAR:IBS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wise Finance SA (WAR:IBS) » Definitions » Interest Expense

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Address

Ulica Adama Naruszewicza 27, Warsaw, POL, 310 02-627

Website

http://www.ibsmsa.pl

Wise Finance SA formerly Noble Financials SA is engaged in investing, trading, implementing and managing real estate projects and development projects. The company's activity focuses on the implementation of high-quality housing projects and on office investments.

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