AVAX (ATH:AVAX) Interest Expense : €-22.8 Mil (TTM As of Jun. 2023)

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What is AVAX Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AVAX's interest expense for the six months ended in Jun. 2023 was € -10.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was €-22.8 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. AVAX's Operating Income for the six months ended in Jun. 2023 was € -1.6 Mil. AVAX's Interest Expense for the six months ended in Jun. 2023 was € -10.9 Mil. AVAX 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.

AVAX Interest Expense Historical Data

The historical data trend for AVAX'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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AVAX Interest Expense Chart

AVAX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-36.18

-28.97

-25.28

-22.39

-21.00

AVAX Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial											-11.81	-10.45	-9.11	-11.88	-10.90

AVAX 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-22.8 Mil.

AVAX (ATH:AVAX) 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.

AVAX's Interest Expense for the six months ended in Jun. 2023 was €-10.9 Mil. Its Operating Income for the six months ended in Jun. 2023 was €-1.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was €278.0 Mil.

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

AVAX did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. AVAX SAs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

AVAX (ATH:AVAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AVAX SA (ATH:AVAX) » Definitions » Interest Expense

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IJ6:Germany

Address

16 Amaroussiou, Halandriou Street, Marousi, GRC, 15125

Website

https://www.avax.gr

AVAX SA operates as a construction company in Greece. The company operates through the following segments: The Construction segment develops buildings, warehouses, and shopping centers; The Concessions segment constructs highways, bridges, airports, and car parks; The Energy segment comprises of the construction TAP natural gas pipeline in Northern Greece; design and construction of power plants in Iraq; the exhaust gas desulphurisation system in Northern Greece; The Other Activities segment covers estate development and other activities.

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