Newlat Food SpA (CHIX:NWLM) Interest Expense : €-16.8 Mil (TTM As of Mar. 2024)

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What is Newlat Food SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Newlat Food SpA's interest expense for the three months ended in Mar. 2024 was € -5.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-16.8 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. Newlat Food SpA's Operating Income for the three months ended in Mar. 2024 was € 8.6 Mil. Newlat Food SpA's Interest Expense for the three months ended in Mar. 2024 was € -5.4 Mil. Newlat Food SpA's Interest Coverage for the quarter that ended in Mar. 2024 was 1.59. 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.

Newlat Food SpA Interest Expense Historical Data

The historical data trend for Newlat Food SpA'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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Newlat Food SpA Interest Expense Chart

Newlat Food SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.56

-3.13

-7.35

-8.17

-14.57

Newlat Food SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-3.13	-8.81	-1.51	-1.12	-5.40

Newlat Food SpA 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-16.8 Mil.

Newlat Food SpA (CHIX:NWLm) 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.

Newlat Food SpA's Interest Expense for the three months ended in Mar. 2024 was €-5.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was €8.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €35.6 Mil.

Newlat Food SpA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	8.615	/	-5.403
	=	1.59

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

Newlat Food SpA (CHIX:NWLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Newlat Food SpA (CHIX:NWLm) » Definitions » Interest Expense

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NWL:Italy

Address

Via JF Kennedy 16, Reggio Emilia, ITA, 42124

Website

https://www.newlat.it

Newlat Food SpA is an Italy-based agro-food company. It is engaged in the processing, packaging, sale, and distribution of food and beverages. The company has various operating segments which include Pasta, Milk Products, Bakery Products, Dairy Products, Special Products, Instant noodles, and Other activities. The company operates in Italy, Germany, and other countries.

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