Cenit AG (CHIX:CSHD) Interest Expense : €-0.3 Mil (TTM As of Dec. 2023)

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What is Cenit AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cenit AG's interest expense for the three months ended in Dec. 2023 was € 0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.3 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. Cenit AG's Operating Income for the three months ended in Dec. 2023 was € 2.6 Mil. Cenit AG's Interest Expense for the three months ended in Dec. 2023 was € 0.8 Mil. Cenit AG did not have earnings to cover the interest expense. 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.

Cenit AG Interest Expense Historical Data

The historical data trend for Cenit AG'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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Cenit AG Interest Expense Chart

Cenit AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.30

-0.20

-0.16

-0.19

-0.26

Cenit AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															0.03	-0.25	-0.29	-0.53	0.80

Cenit AG 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 quarterly data reported by the company within the most recent 12 months, which was €-0.3 Mil.

Cenit AG (CHIX:CSHd) 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.

Cenit AG's Interest Expense for the three months ended in Dec. 2023 was €0.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was €2.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €44.9 Mil.

Cenit AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

Cenit AG (CHIX:CSHD) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Cenit AG (CHIX:CSHd) » Definitions » Interest Expense

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CSH:Germany

Address

Industriestrasse 52-54, Stuttgart, DEU, 70565

Website

https://www.cenit.com

Cenit AG is a software and information technology consulting company. It offers Product Lifecycle Management and Enterprise Information Management. The PLM (Product Lifestyle Management) segment focuses on the automotive, aerospace, mechanical engineering, and shipbuilding industries. The Enterprise Information Management focuses on products of the strategic software. The focus of the CENIT Group is on business process optimization and computer-aided design and development technologies. The company's revenue is generated from its Germany segment.

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