Asseco Business Solutions (FRA:9QQ) Interest Expense : €-0.43 Mil (TTM As of Mar. 2024)

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What is Asseco Business Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asseco Business Solutions's interest expense for the three months ended in Mar. 2024 was € -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.43 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. Asseco Business Solutions's Operating Income for the three months ended in Mar. 2024 was € 6.17 Mil. Asseco Business Solutions's Interest Expense for the three months ended in Mar. 2024 was € -0.08 Mil. Asseco Business Solutions's Interest Coverage for the quarter that ended in Mar. 2024 was 79.15. 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.

Asseco Business Solutions Interest Expense Historical Data

The historical data trend for Asseco Business Solutions'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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Asseco Business Solutions Interest Expense Chart

Asseco Business Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.43

-0.42

-0.28

-0.39

-0.44

Asseco Business Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.10	-0.10	-0.14	-0.11	-0.08

Asseco Business Solutions 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.43 Mil.

Asseco Business Solutions (FRA:9QQ) 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.

Asseco Business Solutions's Interest Expense for the three months ended in Mar. 2024 was €-0.08 Mil. Its Operating Income for the three months ended in Mar. 2024 was €6.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €10.03 Mil.

Asseco Business Solutions's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	6.174	/	-0.078
	=	79.15

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

Asseco Business Solutions (FRA:9QQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asseco Business Solutions SA (FRA:9QQ) » Definitions » Interest Expense

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ABS:Poland

Address

ul. Konrada Wallenroda 4c, Lublin, POL, 20-607

Website

http://www.assecobs.pl

Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland.

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