Wise (FRA:6WS) Interest Expense : €-24 Mil (TTM As of Sep. 2024)

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What is Wise Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wise's interest expense for the six months ended in Sep. 2024 was € -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-24 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. Wise's Operating Income for the six months ended in Sep. 2024 was € 341 Mil. Wise's Interest Expense for the six months ended in Sep. 2024 was € -11 Mil. Wise's Interest Coverage for the quarter that ended in Sep. 2024 was 30.43. 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.

Wise Interest Expense Historical Data

The historical data trend for Wise'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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Wise Interest Expense Chart

Wise Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-5.04

-8.85

-5.26

-11.34

-23.73

Wise Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial						-4.23	-7.14	-10.79	-12.86	-11.20

Wise 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-24 Mil.

Wise (FRA:6WS) 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.

Wise's Interest Expense for the six months ended in Sep. 2024 was €-11 Mil. Its Operating Income for the six months ended in Sep. 2024 was €341 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was €50 Mil.

Wise's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	340.854	/	-11.203
	=	30.43

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

Wise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wise PLC (FRA:6WS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

WIZEY:USA WPLCF:USA WISEl:UK WISE:UK

Address

56 Shoreditch High Street, 6th Floor, Tea Building, London, GBR, E1 6JJ

Website

https://www.wise.com

Wise PLC is a currency conversion platform utilizing a peer-to-peer network to reduce transfer costs. The group focuses primarily on private clients and small and midsize enterprises. By operating local accounts in each jurisdiction Wise sends money to or receives money from, this fintech offers faster and cheaper currency transfer services than incumbents (banks). Wise has started to broaden its product offering, issuing its clients debit cards and allowing customers to invest funds into various asset-management products.

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