OVS SpA (CHIX:OVSM) Interest Expense : €-66 Mil (TTM As of Jul. 2024)

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What is OVS SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OVS SpA's interest expense for the six months ended in Jul. 2024 was € -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2024 was €-66 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. OVS SpA's Operating Income for the six months ended in Jul. 2024 was € 63 Mil. OVS SpA's Interest Expense for the six months ended in Jul. 2024 was € -38 Mil. OVS SpA's Interest Coverage for the quarter that ended in Jul. 2024 was 1.65. 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.

OVS SpA Interest Expense Historical Data

The historical data trend for OVS 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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OVS SpA Interest Expense Chart

OVS SpA Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-68.04

-66.09

-61.75

-48.68

-55.26

OVS SpA Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Interest Expense	Get a 7-Day Free Trial															-23.57	-25.12	-27.24	-28.02	-37.93

OVS 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 Jul. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-66 Mil.

OVS SpA (CHIX:OVSm) 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.

OVS SpA's Interest Expense for the six months ended in Jul. 2024 was €-38 Mil. Its Operating Income for the six months ended in Jul. 2024 was €63 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jul. 2024 was €1,112 Mil.

OVS SpA's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jul. 2024 )	/	Interest Expense (Q: Jul. 2024 )
	=	-1	*	62.595	/	-37.934
	=	1.65

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. OVS SpA interest coverage is 2.06, which is low.

OVS SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » OVS SpA (CHIX:OVSm) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

OVS:Italy 0R5R:UK 0OV1:Germany

Address

Via Terraglio 17, Venice - Mestre, ITA, 30174

Website

http://www.ovscorporate.it

OVS SpA is an Italian fashion retailer. The company develops and markets menswear, womenswear and children's wear. Its operating segment includes OVS, UPIM and Sempione Fashion. OVS segment offers stylish and high-quality clothing at competitive prices focusing on the latest trends and fashion. Its UPIM segment offers women's, men's and children's clothing products, homeware and fragrance, The company generates maximum revenue from the OVS segment. Geographically, it has a presence in Italy, Bangladesh, China, Hong Kong, India, Pakistan, Turkey, Spain, Croatia, and Serbia.

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