BG Agro AD Varna (XBUL:BGAG) Interest Expense : лв-0.49 Mil (TTM As of Dec. 2023)

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What is BG Agro AD Varna Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BG Agro AD Varna's interest expense for the three months ended in Dec. 2023 was лв -0.34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was лв-0.49 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. BG Agro AD Varna's Operating Income for the three months ended in Dec. 2023 was лв 10.24 Mil. BG Agro AD Varna's Interest Expense for the three months ended in Dec. 2023 was лв -0.34 Mil. BG Agro AD Varna's Interest Coverage for the quarter that ended in Dec. 2023 was 30.13. 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.

BG Agro AD Varna Interest Expense Historical Data

The historical data trend for BG Agro AD Varna'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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BG Agro AD Varna Interest Expense Chart

BG Agro AD Varna Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.93

-0.91

-0.88

-0.87

-0.94

BG Agro AD Varna Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.15	-0.47	-0.15	-	-0.34

BG Agro AD Varna 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 лв-0.49 Mil.

BG Agro AD Varna (XBUL:BGAG) 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.

BG Agro AD Varna's Interest Expense for the three months ended in Dec. 2023 was лв-0.34 Mil. Its Operating Income for the three months ended in Dec. 2023 was лв10.24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was лв15.63 Mil.

BG Agro AD Varna'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	*	10.244	/	-0.34
	=	30.13

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

BG Agro AD Varna (XBUL:BGAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » BG Agro AD Varna (XBUL:BGAG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

12, Gen Kolev Street, Varna, BGR, 9000

Website

http://www.bgagro.bg

BG Agro AD Varna is a Bulgarian company engaged in wholesale agriculture, distribution of fertilizers and plant protection products, trade, storage, forwarding and transport of agricultural products.

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