Sitowise Group (OHEL:SITOWS) Interest Expense : €-5.1 Mil (TTM As of Dec. 2023)

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What is Sitowise Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sitowise Group's interest expense for the three months ended in Dec. 2023 was € -1.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-5.1 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. Sitowise Group's Operating Income for the three months ended in Dec. 2023 was € 0.3 Mil. Sitowise Group's Interest Expense for the three months ended in Dec. 2023 was € -1.5 Mil. Sitowise Group's Interest Coverage for the quarter that ended in Dec. 2023 was 0.22. 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.

Sitowise Group Interest Expense Historical Data

The historical data trend for Sitowise Group'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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Sitowise Group Interest Expense Chart

Sitowise Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.75

-3.21

-2.67

-2.09

-4.63

Sitowise Group Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial													-0.85	-1.20	-1.21	-1.24	-1.49

Sitowise Group 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 €-5.1 Mil.

Sitowise Group (OHEL:SITOWS) 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.

Sitowise Group's Interest Expense for the three months ended in Dec. 2023 was €-1.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was €0.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €90.5 Mil.

Sitowise Group'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	*	0.334	/	-1.489
	=	0.22

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. Sitowise Group PLC interest coverage is 2.28, which is low.

Sitowise Group (OHEL:SITOWS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sitowise Group PLC (OHEL:SITOWS) » Definitions » Interest Expense

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1FT:Germany

Address

Linnoitustie 6 D, Espoo, FIN, 02600

Website

https://www.sitowise.com

Sitowise Group PLC is a Nordic expert in the built environment that offers sustainable design and consulting services. The company operates in various size projects to enable more responsible and smarter urban development as well as smooth transportation. Sitowise offers its services in Buildings, Infrastructure and Digital Solution areas.

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