Melexis NV (LTS:0FA0) Interest Expense : €-7.8 Mil (TTM As of Mar. 2024)

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What is Melexis NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Melexis NV's interest expense for the three months ended in Mar. 2024 was € -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-7.8 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. Melexis NV's Operating Income for the three months ended in Mar. 2024 was € 63.7 Mil. Melexis NV's Interest Expense for the three months ended in Mar. 2024 was € -1.4 Mil. Melexis NV's Interest Coverage for the quarter that ended in Mar. 2024 was 46.69. 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.

Melexis NV Interest Expense Historical Data

The historical data trend for Melexis NV'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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Melexis NV Interest Expense Chart

Melexis NV Annual Data

Trend

Dec14

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Interest Expense

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-0.93

-0.85

-0.53

-0.51

-5.99

Melexis NV 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															-	-3.30	-3.17	-	-1.37

Melexis NV 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 €-7.8 Mil.

Melexis NV (LTS:0FA0) 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.

Melexis NV's Interest Expense for the three months ended in Mar. 2024 was €-1.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was €63.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €177.7 Mil.

Melexis NV'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	*	63.728	/	-1.365
	=	46.69

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

Melexis NV (LTS:0FA0) Business Description

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MEX:Germany MELE:Belgium

Address

Rozendaalstraat 12, Ieper, BEL, 8900

Website

https://www.melexis.com

Melexis designs sensor integrated circuits, which are a type of analog/mixed-signal chip, for the automobile industry. Its chips measure variables like positioning, temperature, electrical current, and pressure and convert real-world signals into digital signals to control car functionalities like the powertrain, rotation, safety systems, and pumps and fans, among many others.

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