Duroc AB (FRA:DRC) Interest Expense : €-0.8 Mil (TTM As of Mar. 2024)

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What is Duroc AB Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Duroc AB's interest expense for the three months ended in Mar. 2024 was € -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.8 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. Duroc AB's Operating Income for the three months ended in Mar. 2024 was € 2.0 Mil. Duroc AB's Interest Expense for the three months ended in Mar. 2024 was € -0.8 Mil. Duroc AB's Interest Coverage for the quarter that ended in Mar. 2024 was 2.32. 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.

Duroc AB Interest Expense Historical Data

The historical data trend for Duroc 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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Duroc AB Interest Expense Chart

Duroc AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.44

-1.23

-0.94

-0.79

-1.20

Duroc AB 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															-1.20	-	-	-	-0.85

Duroc 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.8 Mil.

Duroc AB (FRA:DRC) 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.

Duroc AB's Interest Expense for the three months ended in Mar. 2024 was €-0.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was €2.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €9.5 Mil.

Duroc AB'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	*	1.971	/	-0.848
	=	2.32

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

Duroc AB (FRA:DRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Duroc AB (FRA:DRC) » Definitions » Interest Expense

Traded in Other Exchanges

DURC B:Sweden

Address

Reprovagen 15, Box 340, Taby, Stockholm, SWE, 183 13

Website

http://www.duroc.com

Duroc AB along with its holdings is engaged in manufacturing products for industrial customers based on material and surface refinement technology. Its business is divided into Industrial Trade, Fibre and Other industry. The Fibre business area is a producer of polypropylene-based fibres and yarns with customers mainly in the automotive, construction, furniture and filter industry. The Industrial Trade business area consists of Duroc Machine Tool and Universal Power Nordic. Whereas the other industry business area consists of Duroc Rail and Duroc Laser Coating.

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