Smart Metering Systems (FRA:SMC) Interest Expense : €-9.0 Mil (TTM As of Jun. 2023)

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What is Smart Metering Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Smart Metering Systems's interest expense for the six months ended in Jun. 2023 was € -5.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was €-9.0 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. Smart Metering Systems's Operating Income for the six months ended in Jun. 2023 was € 15.2 Mil. Smart Metering Systems's Interest Expense for the six months ended in Jun. 2023 was € -5.9 Mil. Smart Metering Systems's Interest Coverage for the quarter that ended in Jun. 2023 was 2.56. 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.

Smart Metering Systems Interest Expense Historical Data

The historical data trend for Smart Metering Systems'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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Smart Metering Systems Interest Expense Chart

Smart Metering Systems Annual Data

Trend

Dec13

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Dec22

Interest Expense

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-5.52

-9.92

-5.22

-3.77

-5.06

Smart Metering Systems Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-1.81	-1.95	-2.03	-3.06	-5.93

Smart Metering Systems 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-9.0 Mil.

Smart Metering Systems (FRA:SMC) 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.

Smart Metering Systems's Interest Expense for the six months ended in Jun. 2023 was €-5.9 Mil. Its Operating Income for the six months ended in Jun. 2023 was €15.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was €174.5 Mil.

Smart Metering Systems's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	15.204	/	-5.934
	=	2.56

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

Smart Metering Systems (FRA:SMC) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smart Metering Systems PLC (FRA:SMC) » Definitions » Interest Expense

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SMS.GB:UK SMS:UK

Address

48 St. Vincent Street, 2nd Floor, Glasgow, GBR, G2 5TS

Website

https://www.sms-plc.com

Smart Metering Systems PLC is a UK-based company which connects, owns, and maintains metering systems and database of energy companies. Its services include Smart Metering & Data; Smart Energy Services; Smart Utility Services; and ADM, which is an intelligent Automated Meter Reading (AMR) solution. The company operates in three segments: Asset Management, which comprises regulated management of gas meters, electric meters, and ADM units; Asset installation, which comprises installation of domestic and I&C gas meters and electricity meters; and Energy Management, which comprises the provision of energy consultancy services and the management of Distributed Energy Resources (DER) assets.

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