Velan (FRA:946) Interest Expense : €-6.3 Mil (TTM As of Feb. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Velan Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Velan's interest expense for the three months ended in Feb. 2024 was € -2.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was €-6.3 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. Velan's Operating Income for the three months ended in Feb. 2024 was € 18.2 Mil. Velan's Interest Expense for the three months ended in Feb. 2024 was € -2.2 Mil. Velan's Interest Coverage for the quarter that ended in Feb. 2024 was 8.11. 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.

Velan Interest Expense Historical Data

The historical data trend for Velan'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.

Velan Interest Expense Chart

Velan Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

Get a 7-Day Free Trial

-2.39

-1.57

-2.46

-1.89

-6.31

Velan Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-0.71	-1.23	-1.40	-1.40	-2.24

Velan 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-6.3 Mil.

Velan (FRA:946) 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.

Velan's Interest Expense for the three months ended in Feb. 2024 was €-2.2 Mil. Its Operating Income for the three months ended in Feb. 2024 was €18.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was €14.3 Mil.

Velan's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	18.178	/	-2.242
	=	8.11

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

Velan (FRA:946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Velan Inc (FRA:946) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

VLNSF:USA VLN:Canada

Address

7007 Cote de Liesse, Montreal, QC, CAN, H4T 1G2

Website

https://www.velan.com

Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions: Canada, the United States, France, Italy, and Other countries.

Velan (FRA:946) Headlines

No Headlines