Mare Engineering Group SpA (FRA:EZ3) Interest Expense : €-1.17 Mil (TTM As of Jun. 2024)

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What is Mare Engineering Group SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mare Engineering Group SpA's interest expense for the six months ended in Jun. 2024 was € -0.77 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-1.17 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. Mare Engineering Group SpA's Operating Income for the six months ended in Jun. 2024 was € 1.46 Mil. Mare Engineering Group SpA's Interest Expense for the six months ended in Jun. 2024 was € -0.77 Mil. Mare Engineering Group SpA's Interest Coverage for the quarter that ended in Jun. 2024 was 1.90. 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.

Mare Engineering Group SpA Interest Expense Historical Data

The historical data trend for Mare Engineering Group SpA'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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Mare Engineering Group SpA Interest Expense Chart

Mare Engineering Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Interest Expense

-0.16

-0.39

-1.10

-1.16

Mare Engineering Group SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial			-0.26	-0.61	-0.54	-0.77	-0.40

Mare Engineering Group SpA 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-1.17 Mil.

Mare Engineering Group SpA (FRA:EZ3) 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.

Mare Engineering Group SpA's Interest Expense for the six months ended in Jun. 2024 was €-0.77 Mil. Its Operating Income for the six months ended in Jun. 2024 was €1.46 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €12.35 Mil.

Mare Engineering Group SpA's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	1.46	/	-0.767
	=	1.90

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

Mare Engineering Group SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mare Engineering Group SpA (FRA:EZ3) » Definitions » Interest Expense

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Traded in Other Exchanges

MARE:Italy

Address

Via ex Aeroporto, snc, c/o Il Sole Consortium, Lot XI, Pomigliano d'Arc, Naples, ITA, 80038

Website

https://www.maregroup.it

Mare Engineering Group SpA is an engineering consultancy company that has an objective to deliver engineering services to large companies.

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