Thermal Energy International (FRA:EUW) Interest Expense : €-0.32 Mil (TTM As of Nov. 2023)

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What is Thermal Energy International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Thermal Energy International's interest expense for the three months ended in Nov. 2023 was € -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was €-0.32 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. Thermal Energy International's Operating Income for the three months ended in Nov. 2023 was € 0.41 Mil. Thermal Energy International's Interest Expense for the three months ended in Nov. 2023 was € -0.08 Mil. Thermal Energy International's Interest Coverage for the quarter that ended in Nov. 2023 was 5.31. 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.

Thermal Energy International Interest Expense Historical Data

The historical data trend for Thermal Energy International'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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Thermal Energy International Interest Expense Chart

Thermal Energy International Annual Data

Trend

May14

May15

May16

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May18

May19

May20

May21

May22

May23

Interest Expense

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-0.20

-0.28

-0.22

-0.25

-0.31

Thermal Energy International Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Expense	Get a 7-Day Free Trial															-0.08	-0.11	-0.05	-0.08	-0.08

Thermal Energy International 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.32 Mil.

Thermal Energy International (FRA:EUW) 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.

Thermal Energy International's Interest Expense for the three months ended in Nov. 2023 was €-0.08 Mil. Its Operating Income for the three months ended in Nov. 2023 was €0.41 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was €2.18 Mil.

Thermal Energy International's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	0.414	/	-0.078
	=	5.31

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

Thermal Energy International (FRA:EUW) Business Description

Industry

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TMGEF:USA EUW:Germany TMG:Canada

Address

36 Antares Drive, Suite 850, Ottawa, ON, CAN, K2E 7W5

Website

https://www.thermalenergy.com

Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.

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