Monbat AD (XBUL:MONB) Interest Expense : лв-11.6 Mil (TTM As of Sep. 2023)

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What is Monbat AD Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Monbat AD's interest expense for the three months ended in Sep. 2023 was лв -2.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was лв-11.6 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. Monbat AD's Operating Income for the three months ended in Sep. 2023 was лв 7.5 Mil. Monbat AD's Interest Expense for the three months ended in Sep. 2023 was лв -2.5 Mil. Monbat AD's Interest Coverage for the quarter that ended in Sep. 2023 was 2.99. 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.

Monbat AD Interest Expense Historical Data

The historical data trend for Monbat AD'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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Monbat AD Interest Expense Chart

Monbat AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-5.88

-6.17

-6.38

-6.15

-8.15

Monbat AD Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-1.51	-3.30	-2.13	-3.62	-2.51

Monbat AD 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was лв-11.6 Mil.

Monbat AD (XBUL:MONB) 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.

Monbat AD's Interest Expense for the three months ended in Sep. 2023 was лв-2.5 Mil. Its Operating Income for the three months ended in Sep. 2023 was лв7.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was лв57.7 Mil.

Monbat AD's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	7.512	/	-2.513
	=	2.99

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

Monbat AD (XBUL:MONB) Business Description

Industry

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Address

32 A Cherni vrah boulevard, Floor 4, Sofia, BGR, 1407

Website

https://www.monbatgroup.com

Monbat AD is a Bulgaria-based company engaged in the production and maintenance of and sale of batteries; engineering and development activity; production and trade of equipment used in battery manufacturing; domestic and foreign trade and establishment of commercial networks; specialized stores and representative offices; recycling of lead and lead containing alloys. The company's product range includes starter batteries, stationary batteries, deep cycle batteries, and leisure batteries, special batteries for military applications and locomotive batteries. Additionally, it is also involved in the production of light emitting diode (LED) lighting. The company operates geographically across Bulgaria, Serbia, Romania, Nigeria, and others.

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