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Hexagon Composites ASA (Hexagon Composites ASA) Interest Expense : $-19.1 Mil (TTM As of Mar. 2024)


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What is Hexagon Composites ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hexagon Composites ASA's interest expense for the three months ended in Mar. 2024 was $ -4.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-19.1 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. Hexagon Composites ASA's Operating Income for the three months ended in Mar. 2024 was $ 0.7 Mil. Hexagon Composites ASA's Interest Expense for the three months ended in Mar. 2024 was $ -4.1 Mil. Hexagon Composites ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 0.17. 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.

Hexagon Composites ASA Interest Expense Historical Data

The historical data trend for Hexagon Composites ASA'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.

Hexagon Composites ASA Interest Expense Chart

Hexagon Composites ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.59 -9.42 -6.30 -10.00 -17.44

Hexagon Composites ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -4.66 -1.82 -13.24 - -4.08

Hexagon Composites ASA 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19.1 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.

Hexagon Composites ASA  (OTCPK:HXGCF) 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.

Hexagon Composites ASA's Interest Expense for the three months ended in Mar. 2024 was $-4.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $36.1 Mil.

Hexagon Composites ASA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*0.685/-4.08
=0.17

* 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.

Hexagon Composites ASA (Hexagon Composites ASA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hexagon Composites ASA (OTCPK:HXGCF) » Definitions » Interest Expense
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Traded in Other Exchanges
HEXO:Sweden HEX:Norway 0EOF:UK 2HX:Germany 2HX:Germany 2HX:Germany
Address
Korsegata 4B, P.O. Box 836, Sentrum, Aalesund, NOR, 6002
Website
https://www.hexagongroup.com
Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and drivetrains. Its operating segments are Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG. Hexagon Agility & CNG LDV segment offers natural gas fuel systems and delivery solutions for the mobility market. Hexagon Purus is a provider of technology needed for zero-emission mobility. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. Hexagon Ragasco LPG segment is a manufacturer of composite LPG cylinders. It operates through Europe, North America, South-East Asia, the Middle East, and Norway geographic regions.