Elastron (ATH:ELSTR) Interest Expense : €-4.5 Mil (TTM As of Jun. 2024)

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What is Elastron Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Elastron's interest expense for the six months ended in Jun. 2024 was € -2.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-4.5 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. Elastron's Operating Income for the six months ended in Jun. 2024 was € 1.3 Mil. Elastron's Interest Expense for the six months ended in Jun. 2024 was € -2.8 Mil. Elastron's Interest Coverage for the quarter that ended in Jun. 2024 was 0.48. 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.

Elastron Interest Expense Historical Data

The historical data trend for Elastron'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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Elastron Interest Expense Chart

Elastron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.74

-1.44

-1.67

-1.88

-3.40

Elastron Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.89	-1.00	-1.64	-1.76	-2.76

Elastron 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-4.5 Mil.

Elastron (ATH:ELSTR) 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.

Elastron's Interest Expense for the six months ended in Jun. 2024 was €-2.8 Mil. Its Operating Income for the six months ended in Jun. 2024 was €1.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €68.2 Mil.

Elastron's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	1.312	/	-2.756
	=	0.48

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

Elastron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Elastron SA (ATH:ELSTR) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Agios Loannis Avenue, Aspropyrgos, GRC, 193 00

Website

http://www.elastron.gr

Elastron SA is a Greece based company engaged in importing, processing, and trading of steel, steel plates, iron and metal goods, and related goods. The business segments are Steel products, Energy segment, and Agricultural products. The company processes, produces and resells steel products and insulated composite panels in Steel products segment. Electrical energy segment includes production of electric energy from photovoltaic stations. Agricultural products segment consists production of agricultural products from glasshouse cultivations. The group generates majority of the revenue from the Steel products segment. It makes sales in Greece, and internationally, of which sales in Greece constitutes mainly to the revenue.

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