Close The Loop (FRA:GI5) Interest Expense : €-5.5 Mil (TTM As of Dec. 2024)

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What is Close The Loop Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Close The Loop's interest expense for the six months ended in Dec. 2024 was € -2.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-5.5 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. Close The Loop's Operating Income for the six months ended in Dec. 2024 was € 0.6 Mil. Close The Loop's Interest Expense for the six months ended in Dec. 2024 was € -2.3 Mil. Close The Loop's Interest Coverage for the quarter that ended in Dec. 2024 was 0.26. 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.

Close The Loop Interest Expense Historical Data

The historical data trend for Close The Loop'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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Close The Loop Interest Expense Chart

Close The Loop Annual Data

Trend

Jun22

Jun23

Jun24

Interest Expense

-0.27

-1.51

-5.91

Close The Loop Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial			-0.19	-1.33	-2.76	-3.13	-2.32

Close The Loop 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 Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-5.5 Mil.

Close The Loop (FRA:GI5) 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.

Close The Loop's Interest Expense for the six months ended in Dec. 2024 was €-2.3 Mil. Its Operating Income for the six months ended in Dec. 2024 was €0.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was €55.3 Mil.

Close The Loop's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	0.597	/	-2.316
	=	0.26

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Close The Loop Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Close The Loop Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (FRA:GI5) » Definitions » Interest Expense

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Traded in Other Exchanges

CLG:Australia

Address

43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167

Website

https://www.ctlgroup.com.au

Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

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