Piovan SpA (FRA:PV0) Interest Expense

: €-1.7 Mil (TTM As of Sep. 2022)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Piovan SpA's interest expense for the three months ended in Sep. 2022 was € -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was €-1.7 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. Piovan SpA's Operating Income for the three months ended in Sep. 2022 was € 13.0 Mil. Piovan SpA's Interest Expense for the three months ended in Sep. 2022 was € -0.6 Mil. Piovan SpA's Interest Coverage for the quarter that ended in Sep. 2022 was 20.80. 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.

Piovan SpA Interest Expense Historical Data

The historical data trend for Piovan 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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Piovan SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

-0.42

-0.25

-0.35

-0.40

-0.45

Piovan SpA Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense																-0.11	-0.13	-0.45	-0.45	-0.62

Piovan 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1.7 Mil.

Piovan SpA (FRA:PV0) 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.

Piovan SpA's Interest Expense for the three months ended in Sep. 2022 was €-0.6 Mil. Its Operating Income for the three months ended in Sep. 2022 was €13.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was €134.7 Mil.

Piovan SpA's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2022 )	/	Interest Expense (Q: Sep. 2022 )
	=	-1	*	12.96	/	-0.623
	=	20.80

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

Piovan SpA (FRA:PV0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Piovan SpA (FRA:PV0) » Definitions » Interest Expense

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Traded in Other Exchanges

PVN:Italy

Address

Via delle Industrie, 16, Santa Maria di Sala, Venice, ITA, 30036

Website

https://www.piovangroup.com

Piovan SpA is an Italy based company engaged in supplying ancillary equipment, engineered solutions, and services to the plastics industry. The company provides various products for feeding and conveying, drying and dehumidifying, granulation, temperature control, and process water cooling. It also offers services including installation and start-up of the system and related spare parts.

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