Schweizer Electronic AG (CHIX:SCED) Interest Expense : €-2.3 Mil (TTM As of Mar. 2024)

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What is Schweizer Electronic AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Schweizer Electronic AG's interest expense for the three months ended in Mar. 2024 was € -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-2.3 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. Schweizer Electronic AG's Operating Income for the three months ended in Mar. 2024 was € 0.6 Mil. Schweizer Electronic AG's Interest Expense for the three months ended in Mar. 2024 was € -0.5 Mil. Schweizer Electronic AG's Interest Coverage for the quarter that ended in Mar. 2024 was 1.16. 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.

Schweizer Electronic AG Interest Expense Historical Data

The historical data trend for Schweizer Electronic 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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Schweizer Electronic AG Interest Expense Chart

Schweizer Electronic AG Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.27

-2.38

-3.99

-4.74

-3.17

Schweizer Electronic AG 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															-1.43	-0.96	-0.61	-0.18	-0.55

Schweizer Electronic 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2.3 Mil.

Schweizer Electronic AG (CHIX:SCEd) 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.

Schweizer Electronic AG's Interest Expense for the three months ended in Mar. 2024 was €-0.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was €0.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €21.1 Mil.

Schweizer Electronic AG'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	*	0.636	/	-0.548
	=	1.16

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

Schweizer Electronic AG (CHIX:SCED) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Schweizer Electronic AG (CHIX:SCEd) » Definitions » Interest Expense

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SCE:Germany

Address

Einsteinstrasse 10, Schramberg, DEU, 78713

Website

http://www.schweizer.ag

Schweizer Electronic AG is engaged in the manufacture of printed circuit boards and the provision of solutions for automotive, industrial, and aviation electronics. The company's products are used in automotive, solar, aviation, and general industries. Its only business segment is the Electronic segment. The product line of the company consists of metallised circuits, non-metallised circuits, multilayer and high density interconnect, and others. Its multilayer and high density interconnect generates maximum revenue for the company. Geographically the company exports its products to Europe, America, Asia, and Other countries of which Germany derives a majority of revenue to the company.

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