OEKOWORLD AG (XTER:VVV3) Interest Expense : €-0.18 Mil (TTM As of Jun. 2023)

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What is OEKOWORLD AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OEKOWORLD AG's interest expense for the six months ended in Jun. 2023 was € 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was €-0.18 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. OEKOWORLD AG's Operating Income for the six months ended in Jun. 2023 was € 16.59 Mil. OEKOWORLD AG's Interest Expense for the six months ended in Jun. 2023 was € 0.00 Mil. OEKOWORLD AG has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

OEKOWORLD AG Interest Expense Historical Data

The historical data trend for OEKOWORLD AG'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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OEKOWORLD AG Interest Expense Chart

OEKOWORLD AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.21

-0.22

-0.45

-0.75

-0.52

OEKOWORLD AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-0.17	-0.58	-0.34	-0.18	-

OEKOWORLD AG 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.18 Mil.

OEKOWORLD AG (XTER:VVV3) 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.

OEKOWORLD AG's Interest Expense for the six months ended in Jun. 2023 was €0.00 Mil. Its Operating Income for the six months ended in Jun. 2023 was €16.59 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was €0.00 Mil.

OEKOWORLD AG's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

OEKOWORLD AG had no long-term debt ⁽¹⁾.

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

Good Sign:

OEKOWORLD AG has no debt.

OEKOWORLD AG (XTER:VVV3) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » OEKOWORLD AG (XTER:VVV3) » Definitions » Interest Expense

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VVV3:Germany VVV3:Germany

Address

Liebigstr. 11-13, Hilden, DEU, 40721

Website

http://www.versiko.de

OEKOWORLD AG is engaged in providing financial services, providing insurance products, money management services and financial consultation to individual and institutional clients.

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