Fator Ore Asset Gestora de Recursosa. (BSP:OUFF11) Interest Expense : R$-0.29 Mil (TTM As of Dec. 2023)

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What is Fator Ore Asset Gestora de Recursosa. Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fator Ore Asset Gestora de Recursosa.'s interest expense for the six months ended in Dec. 2023 was R$ -0.29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R$-0.29 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. Fator Ore Asset Gestora de Recursosa.'s Operating Income for the six months ended in Dec. 2023 was R$ 13.17 Mil. Fator Ore Asset Gestora de Recursosa.'s Interest Expense for the six months ended in Dec. 2023 was R$ -0.29 Mil. Fator Ore Asset Gestora de Recursosa.'s Interest Coverage for the quarter that ended in Dec. 2023 was 45.56. 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.

Fator Ore Asset Gestora de Recursosa. Interest Expense Historical Data

The historical data trend for Fator Ore Asset Gestora de Recursosa.'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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Fator Ore Asset Gestora de Recursosa. Interest Expense Chart

Fator Ore Asset Gestora de Recursosa. Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.03

-0.29

Fator Ore Asset Gestora de Recursosa. Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Interest Expense	-	-	-	-0.03	-0.29

Fator Ore Asset Gestora de Recursosa. Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 was R$-0.29 Mil.

Fator Ore Asset Gestora de Recursosa. (BSP:OUFF11) 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.

Fator Ore Asset Gestora de Recursosa.'s Interest Expense for the six months ended in Dec. 2023 was R$-0.29 Mil. Its Operating Income for the six months ended in Dec. 2023 was R$13.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was R$0.00 Mil.

Fator Ore Asset Gestora de Recursosa.'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	*	13.167	/	-0.289
	=	45.56

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

Fator Ore Asset Gestora de Recursosa. (BSP:OUFF11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fator Ore Asset Gestora de Recursos Ltda. (BSP:OUFF11) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. Paulista, n 1.728, 2nd to 4th, 7th and 11th Floors, Bela Vista, Ourinvest Building, Sao Paulo, SP, BRA, CEP 01310-919

Website

https://www.ourinvest.com.br

Fator Ore Asset Gestora de Recursos Ltda. is an asset management company engaged in fund managing activities.

Fator Ore Asset Gestora de Recursosa. (BSP:OUFF11) Headlines

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