Somero Enterprises (LSE:SOM) Interest Expense : £-0.02 Mil (TTM As of Dec. 2023)

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What is Somero Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Somero Enterprises'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. Somero Enterprises's Operating Income for the six months ended in Dec. 2023 was £ 13.97 Mil. Somero Enterprises's Interest Expense for the six months ended in Dec. 2023 was £ -0.01 Mil. Somero Enterprises's Interest Coverage for the quarter that ended in Dec. 2023 was 2,328.83. 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.

Somero Enterprises Interest Expense Historical Data

The historical data trend for Somero Enterprises'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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Somero Enterprises Interest Expense Chart

Somero Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.03

-0.02

Somero Enterprises 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															-0.02	-0.01	-0.01	-0.01	-0.01

Somero Enterprises 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.

Somero Enterprises (LSE:SOM) 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.

Somero Enterprises'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 £13.97 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £1.12 Mil.

Somero Enterprises'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	*	13.973	/	-0.006
	=	2,328.83

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. Somero Enterprises Inc has enough cash to cover all of its debt. Its financial situation is stable.

Somero Enterprises (LSE:SOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Somero Enterprises Inc (LSE:SOM) » Definitions » Interest Expense

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Address

14530 Global Parkway, Fort Myers, FL, USA, 33913

Website

https://www.somero.com

Somero Enterprises Inc provides concrete placing solutions. The company provides concrete-leveling equipment, training, education, & support to its customers. Its products include CopperHead, Mini Screed C, S-840, S-15R, S-22E, S-485, S-940, S-10A, & the S-158 Laser Screed machines; STS-11M Topping Spreader; as well as the 3-D Profiler System software, the Somero Floor Levelness System, & the SP-16 Concrete Hose Line-Pulling & Placing System. Its revenues are derived from sales of Boomed screed products, Ride-on screed products, Remanufactured machines sales, 3-D Profiler System, & sales of parts & accessories, other equipment, service, training, & shipping charges. Geographically, it operates in North America, EMEA & ROW (Australia, Latin America, India, China, Korea, & Southeast Asia).

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