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Salamis Tours (Holdings) Public (CYS:SAL) Interest Expense : €-0.03 Mil (TTM As of Dec. 2023)


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What is Salamis Tours (Holdings) Public Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Salamis Tours (Holdings) Public's interest expense for the six months ended in Dec. 2023 was € -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.03 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. Salamis Tours (Holdings) Public's Operating Income for the six months ended in Dec. 2023 was € 7.04 Mil. Salamis Tours (Holdings) Public's Interest Expense for the six months ended in Dec. 2023 was € -0.02 Mil. Salamis Tours (Holdings) Public's Interest Coverage for the quarter that ended in Dec. 2023 was 439.69. 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.


Salamis Tours (Holdings) Public Interest Expense Historical Data

The historical data trend for Salamis Tours (Holdings) Public'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.

* Premium members only.

Salamis Tours (Holdings) Public Interest Expense Chart

Salamis Tours (Holdings) Public Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only -0.07 -0.01 -0.01 -0.02 -0.03

Salamis Tours (Holdings) Public Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.01 -0.01 -0.01 -0.01 -0.02

Salamis Tours (Holdings) Public 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 semi-annually data reported by the company within the most recent 12 months, which was €-0.03 Mil.

* 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.


Salamis Tours (Holdings) Public  (CYS:SAL) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Salamis Tours (Holdings) Public's Interest Expense for the six months ended in Dec. 2023 was €-0.02 Mil. Its Operating Income for the six months ended in Dec. 2023 was €7.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €0.56 Mil.

Salamis Tours (Holdings) Public'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*7.035/-0.016
=439.69

* 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.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Salamis Tours (Holdings) Public Ltd has enough cash to cover all of its debt. Its financial situation is stable.


Salamis Tours (Holdings) Public (CYS:SAL) Business Description

Traded in Other Exchanges
N/A
Address
1, G. Katsounotos Street, P.O.Box 50531, Salamis House, Limassol, CYP, 3607
Salamis Tours (Holdings) Public Ltd provides cruise shipping services. It is engaged in providing cruise, travel, tourism, shipping, and transportation services.