Qev NV (FRA:7IO) Interest Expense : €-4.47 Mil (TTM As of Dec. 2022)

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What is Qev NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Qev NV's interest expense for the six months ended in Dec. 2022 was € -3.92 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was €-4.47 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. Qev NV's Operating Income for the six months ended in Dec. 2022 was € -1.30 Mil. Qev NV's Interest Expense for the six months ended in Dec. 2022 was € -3.92 Mil. Qev NV did not have earnings to cover the interest expense. 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.

Qev NV Interest Expense Historical Data

The historical data trend for Qev NV'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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Qev NV Interest Expense Chart

Qev NV Annual Data

Trend

Dec21

Dec22

Interest Expense

-0.12

-4.47

Qev NV Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22
Interest Expense	-0.12	-	-0.55	-3.92

Qev NV 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-4.47 Mil.

Qev NV (FRA:7IO) 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.

Qev NV's Interest Expense for the six months ended in Dec. 2022 was €-3.92 Mil. Its Operating Income for the six months ended in Dec. 2022 was €-1.30 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2022 was €0.00 Mil.

Qev NV's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Qev NV did not have earnings to cover the interest expense.

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

Qev NV (FRA:7IO) Business Description

Industry

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Traded in Other Exchanges

QEV:Netherlands

Address

Carrer del Rec Molinar, 11, Montmelo, Barcelona, ESP, 08160

Website

https://www.qevtech.com

Qev NV designs, develops, manufactures, and sells electric light commercial vehicles and electric buses, as well as offering aftersales and maintenance services, and has further business lines related to electric motorsport. It sells its electric vans, trucks and buses primarily to businesses and public transport companies seeking to establish or grow their electric fleets, and is focused on serving the urban mobility and last-mile delivery markets. Under the ZEROID brand, QEV Technologies offers a zero-emission fleet that includes multiple electric van models, delivery trucks, and electric and hydrogen platforms for buses.

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