Goobit Group AB (FRA:9AI) Interest Expense : €-0.53 Mil (TTM As of Jul. 2023)

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What is Goobit Group AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Goobit Group AB's interest expense for the three months ended in Jul. 2023 was € -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2023 was €-0.53 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. Goobit Group AB's Operating Income for the three months ended in Jul. 2023 was € -0.27 Mil. Goobit Group AB's Interest Expense for the three months ended in Jul. 2023 was € -0.00 Mil. Goobit Group AB 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.

Goobit Group AB Interest Expense Historical Data

The historical data trend for Goobit Group AB'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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Goobit Group AB Interest Expense Chart

Goobit Group AB Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

-0.19

-0.43

-0.08

-0.04

-0.53

Goobit Group AB Quarterly Data
	Apr19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Interest Expense	Get a 7-Day Free Trial											-	-	-0.01	-0.51	-

Goobit Group AB 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 Jul. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.53 Mil.

Goobit Group AB (FRA:9AI) 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.

Goobit Group AB's Interest Expense for the three months ended in Jul. 2023 was €-0.00 Mil. Its Operating Income for the three months ended in Jul. 2023 was €-0.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2023 was €0.00 Mil.

Goobit Group AB's Interest Coverage for the quarter that ended in Jul. 2023 is calculated as

Goobit Group AB did not have earnings to cover the interest expense.

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

Goobit Group AB (FRA:9AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Goobit Group AB (FRA:9AI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Stora Nygatan 28, Stockholm, SWE, 111 27

Website

https://www.goobit.se

Goobit Group AB is a crypto exchange company. It offers exchange services of Swedish kronor and euros to the digital currencies bitcoin and ether, and has so far exchanged over SEK 1.7 billion. The company's brands are BTCX Express and Standard BTCX.

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