PW Medtech Group (FRA:PWE) Interest Expense : €-0.02 Mil (TTM As of Dec. 2023)

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What is PW Medtech Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PW Medtech Group's interest expense for the six months ended in Dec. 2023 was € -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.02 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. PW Medtech Group's Operating Income for the six months ended in Dec. 2023 was € 12.12 Mil. PW Medtech Group's Interest Expense for the six months ended in Dec. 2023 was € -0.01 Mil. PW Medtech Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1,010.33. 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.

PW Medtech Group Interest Expense Historical Data

The historical data trend for PW Medtech Group'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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PW Medtech Group Interest Expense Chart

PW Medtech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.87

-1.34

-0.08

-0.06

-0.02

PW Medtech Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.01	-	-0.06	-0.01	-0.01

PW Medtech Group 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.02 Mil.

PW Medtech Group (FRA:PWE) 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.

PW Medtech Group's Interest Expense for the six months ended in Dec. 2023 was €-0.01 Mil. Its Operating Income for the six months ended in Dec. 2023 was €12.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €0.05 Mil.

PW Medtech Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	12.124	/	-0.012
	=	1,010.33

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. PW Medtech Group Ltd has enough cash to cover all of its debt. Its financial situation is stable.

PW Medtech Group (FRA:PWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » PW Medtech Group Ltd (FRA:PWE) » Definitions » Interest Expense

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01358:Hong Kong

Address

Building 1, No. 23 Panlong West Road, Pinggu District, Beijing, CHN, 101204

Website

https://www.pwmedtech.com

PW Medtech Group Ltd is a medical device company with a focus on fast-growing and high-margin segments of China's medical device industry. The company is engaged in the research and development, manufacturing, and sale of the advanced infusion set, intravenous cannula products, and insulin needles. Its products include non-PVC-based infusion sets, precision filter infusion sets, light-resistant infusion sets, intravenous cannula products, and insulin needles and pens. The company operates through three business segments: Infusion Set Business; Blood Purification Business; and Regenerative Medical Biomaterials Business.

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