Ideal Holdings (ATH:INTEK) Interest Expense : €-17.2 Mil (TTM As of Jun. 2024)

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What is Ideal Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ideal Holdings's interest expense for the six months ended in Jun. 2024 was € -9.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-17.2 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. Ideal Holdings's Operating Income for the six months ended in Jun. 2024 was € 12.7 Mil. Ideal Holdings's Interest Expense for the six months ended in Jun. 2024 was € -9.1 Mil. Ideal Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 1.39. 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.

Ideal Holdings Interest Expense Historical Data

The historical data trend for Ideal Holdings'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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Ideal Holdings Interest Expense Chart

Ideal Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.10

-0.08

-0.35

-1.87

-9.01

Ideal Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial						-0.57	-1.30	-0.99	-8.02	-9.14

Ideal Holdings 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 €-17.2 Mil.

Ideal Holdings (ATH:INTEK) 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.

Ideal Holdings's Interest Expense for the six months ended in Jun. 2024 was €-9.1 Mil. Its Operating Income for the six months ended in Jun. 2024 was €12.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €370.6 Mil.

Ideal Holdings'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	*	12.693	/	-9.136
	=	1.39

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. Ideal Holdings SA interest coverage is 2.35, which is low.

Ideal Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ideal Holdings SA (ATH:INTEK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Creon 25, Athens, GRC, 10442

Website

https://www.idealholdings.gr

Ideal Holdings SA is engaged in the distribution of white home appliances, IT products and distribution of specialized software products.

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