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Magnus Energy Group (HAM:SHH1) Interest Expense : €-0.04 Mil (TTM As of Dec. 2021)


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What is Magnus Energy Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magnus Energy Group's interest expense for the three months ended in Dec. 2021 was € -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2021 was €-0.04 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. Magnus Energy Group's Operating Income for the three months ended in Dec. 2021 was € -0.56 Mil. Magnus Energy Group's Interest Expense for the three months ended in Dec. 2021 was € -0.02 Mil. Magnus Energy Group did not have earnings to cover the interest expense. 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.

Magnus Energy Group Interest Expense Historical Data

The historical data trend for Magnus Energy 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.

* Premium members only.

Magnus Energy Group Interest Expense Chart

Magnus Energy Group Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.05 -0.15 -0.04 -0.02 -0.04

Magnus Energy Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Sep21 Dec21
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.01 -0.01 -0.01 -0.02 -0.02

Magnus Energy 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.04 Mil.

* 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.

Magnus Energy Group  (HAM:SHH1) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Magnus Energy Group's Interest Expense for the three months ended in Dec. 2021 was €-0.02 Mil. Its Operating Income for the three months ended in Dec. 2021 was €-0.56 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2021 was €0.00 Mil.

Magnus Energy Group's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Magnus Energy Group did not have earnings to cover the interest expense.

* 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.

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

Magnus Energy Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Magnus Energy Group Ltd (HAM:SHH1) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
30 Cecil Street, No 19-08, Prudential Tower, Singapore, SGP, 049712
Website
https://www.magnusenergy.com.sg
Magnus Energy Group Ltd through its subsidiaries is engaged in the distribution of oil and gas equipment and trades renewable energy and natural resources. The company reportable segments are Oilfield equipment supply and services, Waste water treatment, Renewable energy, Drilling services, EPCC services and Investment holding.. It generates maximum revenue from Oilfield equipment supply and services segment. The company operates in Singapore, Australia, Malaysia, Indonesia, United States of America, United Arab Emirates and others.

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