Athens Medical Centre (ATH:IATR) Interest Expense : €-9.6 Mil (TTM As of Dec. 2023)

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What is Athens Medical Centre Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Athens Medical Centre's interest expense for the six months ended in Dec. 2023 was € -4.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-9.6 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. Athens Medical Centre's Operating Income for the six months ended in Dec. 2023 was € 5.1 Mil. Athens Medical Centre's Interest Expense for the six months ended in Dec. 2023 was € -4.9 Mil. Athens Medical Centre's Interest Coverage for the quarter that ended in Dec. 2023 was 1.04. 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.

Athens Medical Centre Interest Expense Historical Data

The historical data trend for Athens Medical Centre'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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Athens Medical Centre Interest Expense Chart

Athens Medical Centre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.45

-6.18

-6.56

-7.69

-9.60

Athens Medical Centre Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-3.41	-2.87	-4.82	-4.68	-4.92

Athens Medical Centre 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 semi-annually data reported by the company within the most recent 12 months, which was €-9.6 Mil.

Athens Medical Centre (ATH:IATR) 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.

Athens Medical Centre's Interest Expense for the six months ended in Dec. 2023 was €-4.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was €5.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €101.9 Mil.

Athens Medical Centre'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	*	5.122	/	-4.921
	=	1.04

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. Athens Medical Centre SA interest coverage is 2.16, which is low.

Athens Medical Centre (ATH:IATR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Athens Medical Centre SA (ATH:IATR) » Definitions » Interest Expense

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Address

5-7 Distomou Street Maroussi, Athens, GRC, 15125

Website

https://www.iatriko.gr

Athens Medical Centre SA engages in the provision of healthcare services. It includes medical research and methods of treatment, training, and selection of executives and staff on behalf of the hospitals and importation of medical tools, instruments, machinery, and automated devices for the hospitals. Its offering includes medical services in such specializations as pathology, cardiology, general surgery, plastic and vascular surgery, orthopedic, physiotherapy, ophthalmology, urology, neurosurgery, thoracic, pediatric, dermatology, endocrinology and stomatology. The company operates in Domestic healthcare service, Healthcare service provided abroad (Romania) and Sale of medical tools & sanitary/health equipment segment.

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