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Beeks Financial Cloud Group (FRA:1BZ) Interest Expense : €-0.29 Mil (TTM As of Jun. 2024)


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What is Beeks Financial Cloud Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Beeks Financial Cloud Group's interest expense for the six months ended in Jun. 2024 was € -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-0.29 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. Beeks Financial Cloud Group's Operating Income for the six months ended in Jun. 2024 was € 1.53 Mil. Beeks Financial Cloud Group's Interest Expense for the six months ended in Jun. 2024 was € -0.04 Mil. Beeks Financial Cloud Group's Interest Coverage for the quarter that ended in Jun. 2024 was 35.65. 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.

Beeks Financial Cloud Group Interest Expense Historical Data

The historical data trend for Beeks Financial Cloud Group'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.

Beeks Financial Cloud Group Interest Expense Chart

Beeks Financial Cloud Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.21 -0.23 -0.28 -0.36 -0.29

Beeks Financial Cloud Group Semi-Annual Data
Jun15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 Premium Member Only Premium Member Only -0.09 -0.23 -0.12 -0.25 -0.04

Beeks Financial Cloud Group 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.29 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.

Beeks Financial Cloud Group  (FRA:1BZ) 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.

Beeks Financial Cloud Group's Interest Expense for the six months ended in Jun. 2024 was €-0.04 Mil. Its Operating Income for the six months ended in Jun. 2024 was €1.53 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €1.52 Mil.

Beeks Financial Cloud Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*1.533/-0.043
=35.65

* 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.

Beeks Financial Cloud Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Beeks Financial Cloud Group PLC (FRA:1BZ) » Definitions » Interest Expense
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Traded in Other Exchanges
BKS:UK
Address
2 Kings Inch Way, Riverside Building, Renfrew, Renfrew, Renfrewshire, GBR, PA4 8YU
Website
https://www.beeksgroup.com
Beeks Financial Cloud Group PLC is a technology company that provides services like Trading Infrastructure, Managed Cloud, On Demand compute, Connectivity, Analytics and Open Finance to enterprises functioning in capital markets and financial services industry. The operating segments of the company are Public/Private Cloud and Proximity Cloud/Exchange Cloud with the majority of the revenue being generated from the Public/Private Cloud segment. Geographically, the company operates in United Kingdom, Europe, United States and Rest of the world. A substantial portion of its overall revenue is generated from its business in United States.

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