Racing Force SpA (XPAR:ALRFG) Interest Expense : €-0.40 Mil (TTM As of Dec. 2023)

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What is Racing Force SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Racing Force SpA's interest expense for the three months ended in Dec. 2023 was € -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.40 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. Racing Force SpA's Operating Income for the three months ended in Dec. 2023 was € 0.22 Mil. Racing Force SpA's Interest Expense for the three months ended in Dec. 2023 was € -0.05 Mil. Racing Force SpA's Interest Coverage for the quarter that ended in Dec. 2023 was 4.76. 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.

Racing Force SpA Interest Expense Historical Data

The historical data trend for Racing Force SpA'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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Racing Force SpA Interest Expense Chart

Racing Force SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.61

-0.58

-0.49

-0.40

Racing Force SpA Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-0.30	-0.22	-0.27	-0.35	-0.05

Racing Force SpA 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 quarterly data reported by the company within the most recent 12 months, which was €-0.40 Mil.

Racing Force SpA (XPAR:ALRFG) 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.

Racing Force SpA's Interest Expense for the three months ended in Dec. 2023 was €-0.05 Mil. Its Operating Income for the three months ended in Dec. 2023 was €0.22 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €9.15 Mil.

Racing Force SpA'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	*	0.219	/	-0.046
	=	4.76

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

Racing Force SpA (XPAR:ALRFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Racing Force SpA (XPAR:ALRFG) » Definitions » Interest Expense

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Traded in Other Exchanges

RFG:Italy

Address

via Bazzano 5, Ronco Scrivia, Genoa, ITA, 16019

Website

https://www.racingforce.com

Racing Force SpA is engaged in the field of design and manufacture of motorsport safety products. Its product range spans from suits, gloves, shoes, seats, harnesses, helmets, rollbars, racing nets, steering wheels, fire extinguisher systems, and intercoms, to other accessories strictly related to the motorsport industry.

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