Azelis Group NV (Azelis Group NV) Interest Expense : $-106 Mil (TTM As of Dec. 2023)

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What is Azelis Group NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Azelis Group NV's interest expense for the six months ended in Dec. 2023 was $ -60 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-106 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. Azelis Group NV's Operating Income for the six months ended in Dec. 2023 was $ 177 Mil. Azelis Group NV's Interest Expense for the six months ended in Dec. 2023 was $ -60 Mil. Azelis Group NV's Interest Coverage for the quarter that ended in Dec. 2023 was 2.94. 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.

Azelis Group NV Interest Expense Historical Data

The historical data trend for Azelis Group NV'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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Azelis Group NV Interest Expense Chart

Azelis Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-66.00

-71.03

-56.38

-40.49

-106.18

Azelis Group NV Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial				-25.05	-14.66	-25.79	-45.76	-60.12

Azelis Group NV 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 $-106 Mil.

Azelis Group NV (OTCPK:AZLGF) 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.

Azelis Group NV's Interest Expense for the six months ended in Dec. 2023 was $-60 Mil. Its Operating Income for the six months ended in Dec. 2023 was $177 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $1,800 Mil.

Azelis Group NV'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	*	176.601	/	-60.123
	=	2.94

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

Azelis Group NV (Azelis Group NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Azelis Group NV (OTCPK:AZLGF) » Definitions » Interest Expense

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Traded in Other Exchanges

AZEb:UK 2R7:Germany AZE:Belgium

Address

Posthofbrug 12, Box 6, Antwerp, BEL, B-2600

Website

https://www.azelis.com

Azelis Group NV is a innovation service provider for the specialty chemicals and food ingredients industry. The company has its business operating segments namely Life Sciences and Industrial chemicals. Geographically, the company has its presence in EMEA, Americas and Asia Pacific.

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