Masterflex SE (XTER:MZX) Interest Expense : €-1.2 Mil (TTM As of Dec. 2023)

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What is Masterflex SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Masterflex SE's interest expense for the three months ended in Dec. 2023 was € -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-1.2 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. Masterflex SE's Operating Income for the three months ended in Dec. 2023 was € 1.7 Mil. Masterflex SE's Interest Expense for the three months ended in Dec. 2023 was € -0.3 Mil. Masterflex SE's Interest Coverage for the quarter that ended in Dec. 2023 was 4.95. 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.

Masterflex SE Interest Expense Historical Data

The historical data trend for Masterflex SE'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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Masterflex SE Interest Expense Chart

Masterflex SE Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-1.32

-0.92

-0.76

-0.60

-1.22

Masterflex SE Quarterly Data
	Mar19	Jun19	Sep19	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															-0.23	-0.26	-0.31	-0.32	-0.35

Masterflex SE 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 €-1.2 Mil.

Masterflex SE (XTER:MZX) 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.

Masterflex SE's Interest Expense for the three months ended in Dec. 2023 was €-0.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was €1.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €3.3 Mil.

Masterflex SE'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	*	1.714	/	-0.346
	=	4.95

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

Masterflex SE (XTER:MZX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Masterflex SE (XTER:MZX) » Definitions » Interest Expense

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MZX:Germany

Address

Willy-Brandt-Allee 300, Gelsenkirchen, DEU, 45891

Website

https://www.masterflexgroup.com

Masterflex SE develops, manufactures and marketing of high-tech hoses and connection systems for various industrial and manufacturing applications. The company sells its products under six brands. Masterflex brand produces spiral hoses and connection systems for all industrial applications. Matzen and Timm specialize in vulcanized shapes and hoses for the aerospace sector and the automotive industry. Novoplast offers pre-formed tubes and technical tubings for medical and industrial uses. Fleima-Plastic offers injection molded parts and components for medical technology. Masterduct provides spiral hoses and connection systems as well as heating, ventilation and air conditioning elements. APT produces hoses of fluoropolymers with permanent resistance to all chemicals.

Executives

Jan Van Der Zouw

Supervisory Board

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