European Convergence Development Co (LSE:ECDC) Interest Expense : €0.00 Mil (TTM As of Jun. 2014)

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What is European Convergence Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. European Convergence Development Co's interest expense for the six months ended in Jun. 2014 was € 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2014 was €0.00 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. European Convergence Development Co's Operating Income for the six months ended in Jun. 2014 was € -0.48 Mil. European Convergence Development Co's Interest Expense for the six months ended in Jun. 2014 was € 0.00 Mil. European Convergence Development Co has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

European Convergence Development Co Interest Expense Historical Data

The historical data trend for European Convergence Development Co'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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European Convergence Development Co Interest Expense Chart

European Convergence Development Co Annual Data

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Interest Expense

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European Convergence Development Co Semi-Annual Data
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European Convergence Development Co 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. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.00 Mil.

European Convergence Development Co (LSE:ECDC) 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.

European Convergence Development Co's Interest Expense for the six months ended in Jun. 2014 was €0.00 Mil. Its Operating Income for the six months ended in Jun. 2014 was €-0.48 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2014 was €0.00 Mil.

European Convergence Development Co's Interest Coverage for the quarter that ended in Jun. 2014 is calculated as

European Convergence Development Co had no long-term debt ⁽¹⁾.

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

Good Sign:

European Convergence Development Co PLC has no debt.

European Convergence Development Co (LSE:ECDC) Business Description

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Website

http://www.europeanconvergencedevelopment.com

European Convergence Development Company PLC was incorporated in the Isle of Man on 26 July 2006. The Company through its subsidiaries, invests in early stage development projects such as residential, retail, commercial and industrial properties. The Company invests in Romania, Turkey, Croatia, Bulgaria and Slovakia.

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